Stock of the day | Angel One

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Pakka Limited zooms 20% and hits the upper circuit

The Shares of the company have generated an impressive 330% return in the last three years.*

Pakka Limited, a prominent player providing sustainable packaging solutions for food transportation, packaging, and services, witnessed a significant surge in its shares today.

The stock opened trading at Rs 220.95 per share, reflecting a moderate 1.6% increase compared to the previous day’s closing price of Rs 217.45 per share on the BSE. As of writing this article, the stock is trading at Rs 260.90 per share, marking an impressive gain of 19.99% from its previous closing price. It reached the upper circuit price limit of 20%, indicating strong demand, with no sellers willing to part with their shares.

Additionally, there was a significant uptick in the trading volumes of the company’s stock today, which is 7.20 times higher than its average daily volumes.

The current market capitalization of the company stands at Rs 1,021.90 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive multibagger return of 135% over the past year.

Stocks’s trading and delivery data

Business Overview:

Pakka Limited, formerly known as Yash Pakka Limited, is an India-based company specializing in sustainable packaging materials. The company provides eco-friendly packaging solutions for food transportation, packaging, and service.

Its product range includes food carry materials, moulded food service ware, flexible packaging, and agricultural pulp. The food carry materials are used for McDonald’s takeaway, food grocery bags, bakery bags, and Myntra e-commerce bags. CHUK, one of their products, is made from agricultural residues and is microwaveable, freezable, and oven-safe. Speciality papers, such as greaseproof, glassine, release base, parchment, tissues, and moulded products, are produced from their wet lap pulp. The materials for carry bags are created from locally sourced agricultural residue.

Financial Performance

In the June quarter of FY24, the company witnessed a substantial YoY increase in its revenue from operations, surging from Rs 87 crore to Rs 106 crore, marking a 22% growth. The company reported an operating profit of Rs 26 crore, compared to Rs 20 crore in the corresponding quarter of the previous year. The operating profit margin stood at 24% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 16 crore, a significant improvement compared to the profit of Rs 11 crore in the corresponding quarter of the previous year. In the last quarter of FY23, the company reported a net profit of Rs 12 crore. The ROCE (Return on Capital Employed) and ROE (Return on Equity) are 28.5% and 27.2%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 18.3 times in the market.

Stock Price Chart (Monthly time frame)

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stock of the Day - 20 October 2023

Bombay Burmah Trading Corporation Limited (BBTC), a flagship company of Wadia Groups, experienced a significant increase in its share price today. It operates across a broad spectrum of industries, encompassing Tea, Coffee, various plantation goods, Biscuits, Dairy products, auto electrical and White goods, weighing equipment, horticultural services, as well as Healthcare products, including Dental, Orthopaedic, and Ophthalmic offerings.

The stock opened trading at Rs 1162.75 per share, 1.8% down compared to the previous day’s closing price of Rs 1183.75 per share on the BSE. As of writing this article, the stock is trading at Rs 1420.50 per share, marking an impressive gain of 20% from its previous closing price. It reached the upper circuit price limit of 20%, indicating strong demand, with no sellers willing to part with their shares.

Furthermore, it reached a 52-week high price of Rs 1420.50 per share today. Additionally, there was a significant uptick in the trading volumes of the company’s stock today, which were 30.49 times higher than its average daily volumes.

The current market capitalisation of the company stands at Rs 9911 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive return of 58% over the past year.

Financial Performance of BBTC

The company has yet to declare the September quarter result. In the June quarter of FY24, the company witnessed a moderate increase in its revenue from operations, rising from Rs 3776 crore to Rs 4087 crore, marking an 8% increase. The company reported an operating profit of Rs 339 crore, compared to Rs 121 crore in the corresponding quarter of the previous year. The operating profit margin stood at 8% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 68 crore, a significant increase compared to the profit of Rs 1 crore in the corresponding quarter of the previous year. In the last quarter of FY23, the company reported a net loss of Rs 1348 crore.

Business Overview - BBTC:

The Bombay Burmah Trading Corporation Limited is a multi-product and multi-divisional company based in India. It operates across various segments, which include Plantation-Tea and Plantation-Coffee, where it engages in the production and trade of tea and coffee, respectively.

In the Healthcare segment, the company manufactures and trades dental products, while the Auto Electrical Components (AEC) segment produces components like solenoids, switches, valves, and slip rings for the automotive and other industries.

The Investments segment focuses on long-term investments in various listed and unlisted securities. The Horticulture segment offers decorative plants and landscaping services, and the Food-Bakery & dairy products segment represents bakery and dairy product offerings. The other segment covers analytical equipment, precision balances, weighing scales, and property development.

BBTC Stock Price Chart (Monthly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Stock of the Day - 23 October 2023

Macpower CNC Machines Limited, a prominent small-cap company engaged in manufacturing Computerized Numerically Controlled (CNC) machines and Lathe Machines, experienced a significant increase in its share price today.

The stock opened trading at Rs 411 per share, marking an 11.8% increase compared to the previous day’s closing price of Rs 367.75 per share on the NSE. As of writing this article, the stock is trading at Rs 441.30 per share, representing an impressive gain of 20% from its previous closing price. It reached the upper circuit price limit of 20%, indicating strong demand with no sellers willing to part with their shares.

Furthermore, it reached a 52-week high price of Rs 441.30 per share today. Additionally, the stock is trading in a blue-sky zone. The company’s current market capitalisation stands at Rs 441 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive return of 52% in a month.

Stocks’s trading and delivery data

Business Overview

Macpower CNC Machines Limited, an India-based machinery manufacturing company, specialises in the production of a wide range of equipment, including CNC Turning centres, Vertical Machining centres (VMC), Horizontal Machining centres (HMC), Cylindrical Grinders, Vertical Turret Lathes (VTL), Turn Mill centres, Drill Tap centres (DTC), Twin Spindle Turning and VMC machinery. They also offer comprehensive robotic automation solutions. Their products find applications in diverse sectors such as aerospace, agriculture, automotive, die and mould, defence, education, general engineering, infrastructure, medical, power generation, and pumps and valves.

Financial Performance

In the September quarter of FY24, the company witnessed a significant increase in its revenue from operations, rising from Rs 53.5 crore to Rs 63 crore, marking an 18% increase. The company reported an operating profit of Rs 9 crore, compared to Rs 6 crore in the corresponding quarter of the previous year. The operating profit margin stood at 14% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 6 crore, a significant increase compared to the profit of Rs 3.8 crore in the corresponding quarter of the previous year. In the last quarter of FY23, the company reported a net profit of Rs 2 crore.

The ROCE (Return on Capital Employed) and ROE (Return on Equity) are 19.3% and 14%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 29.7 times in the market.

Stock Price Chart (Monthly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[AngelOne]

Stock of the day (25 October 2023): Premier Polyfilm

Premier Polyfilm Limited, a company specializing in the production and distribution of PVC films and sheets, experienced a significant increase in its share price today.

The stock opened trading at Rs 129.80 per share, marking a 3.3% increase compared to the previous day’s closing price of Rs 125.60 per share on the BSE. As of writing this article, the stock is trading at Rs 150.70 per share, reflecting an impressive gain of 19.98% from its previous closing price. It reached the upper circuit price limit of 20%, indicating strong demand, with no sellers willing to part with their shares.

Furthermore, the stock is currently trading at a 6.6% discount from its all-time high of Rs 160.60 per share, which was registered on October 12, 2023.

The company’s current market capitalization stands at Rs 315.7 crore, and the stock has demonstrated good performance in recent periods, delivering an impressive return of 69% over the past year and an astonishing 580% in the last three years.

Stock’s trading and delivery data

Business Overview:

Premier Polyfilm Limited specializes in the production and distribution of PVC films and sheets. They are involved in the manufacturing and sale of various PVC products, such as Marbled (Contract), Printed, and Technical Flooring, Leather Cloth, Sheeting, Humidity Barrier, Geo Membrane, PVC Flexible Film, calendared leather cloth, PVC Geomembrane, and PVC Recycled Compounds. The company promotes its products under the brand names Polychallenger and Polyfloor.

It offers a wide range of solutions, including robust flooring options like Polychallenger for portable cabins, offices, and shops, PVC transport flooring enhanced with silicon carbide for the transportation sector, PVC sheets laminated with jute or polyester backing for extreme weather conditions, PVC flexible film for applications like lamination, shower curtains, and rainwear, as well as poly anti-acidic flooring suitable for chemical laboratories and factories.

Financial Performance

The company has yet to declare its September quarter results. In the June quarter of FY24, the company witnessed a moderate increase in its revenue from operations, rising from Rs 63.23 crore to Rs 64 crore, marking a 1.3% increase. The company reported an operating profit of Rs 8.4 crore, compared to Rs 4.7 crore in the corresponding quarter of the previous year. The operating profit margin stood at 13% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 4.8 crore, a significant increase compared to the profit of Rs 2.2 crore in the corresponding quarter of the previous year. In the last quarter of FY23, the company reported a net profit of Rs 4.5 crore.

The ROCE (Return on Capital Employed) and ROE (Return on Equity) are 19.6% and 17%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 22 times in the market. The book value of the company is Rs 35.3, and the stock is trading at 4.3 times in the market.

Stock Price Chart (Weekly)

Disclaimer: This blog post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Somi Conveyor Beltings Limited, a micro-cap company engaged in the production of industrial conveyor belts made from rubber and steel materials, experienced a significant increase in its share price today.

At the beginning of the day, the stock started trading at Rs 72.45 per share, marking a 1.5% increase from the previous day’s closing price of Rs 71.37 per share on the BSE. As of writing this article, the stock is trading at Rs 85.64 per share, marking an impressive gain of 19.99% from its previous closing price. It reached the upper circuit price limit of 20%, indicating strong demand, with no sellers willing to part with their shares.

Furthermore, it reached a 52-week high price of Rs 85.64 per share today. Additionally, there was a significant uptick in the trading volumes of the company’s stock on yesterday, which were 2.5 times higher than its average daily volumes.

The current market capitalisation of the company stands at Rs 100 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive multibagger return of 310% over the past three years.

Stocks’s trading and delivery data

Business Overview:

Somi Conveyor Beltings Limited (SCBL) is a manufacturer and exporter of rubber conveyor belts suitable for various material handling needs. These conveyor belts find applications in a diverse range of industries, including manufacturing, food processing, and heavy industries. The company was incorporated in the year 2000.

The primary user industries for these rubber conveyor belts encompass cement, steel, power, fertilizer, coal mines, mineral mines, chemicals, and more recently, they have introduced food-grade belts, which are now being utilized by tea gardens and salt manufacturers. Additionally, these belts serve as efficient tools for handling finished goods in packaging lines.

Situated within the RIICO-operated Sangaria Industrial Area in Jodhpur, Rajasthan, the company initiated its commercial production in February 2002 with an initial annual capacity of 36,000 running meters of conveyor belts, later expanding it to 72,000 meters per annum. Over time, the unit’s capacity has been further enhanced to an impressive 1,67,660 meters.

Financial Performance

The company has not yet declared its results for the September quarter. In the June quarter of FY24, the company experienced a significant increase in its revenue from operations, rising from Rs 13.4 crore to Rs 16.8 crore, marking a 25% increase. The company reported an operating profit of Rs 1.44 crore, compared to Rs 1.30 crore in the corresponding quarter of the previous year. The operating profit margin stood at 8.6% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 0.61 crore, a significant increase compared to the profit of Rs 0.37 crore in the corresponding quarter of the previous year.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 8% and 5%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 27 times in the market. The book value of the company is Rs 56.4, and the stock is trading at 1.5 times its book value in the market.

Stock Price Chart (Monthly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Focus Lighting and Fixtures Limited engaged in the manufacturing and trading of light-emitting diode (LED) lights and fixtures, experienced a significant increase in its share price today.

At the beginning of the day, the stock started trading at Rs 160 per share, marking a 1.3% increase from the previous day’s closing price of Rs 158 per share on the NSE. As of writing this article, the stock is trading at Rs 173.95 per share, marking an impressive gain of 9.99% from its previous closing price. It reached the upper circuit price limit of 10%, indicating strong demand, with no sellers willing to part with their shares. In addition, the company’s stocks are currently trading at only a 4.6% decrease from their highest historical price.

The current market capitalisation of the company stands at Rs 1138 crore, and the stock has exhibited exceptional performance in recent periods, delivering an impressive multibagger return of more than 300% over the past one year.

Stocks’s trading and delivery data

Business Overview:

Focus Lighting and Fixtures Limited is engaged in the manufacturing and trading of light-emitting diode (LED) lights and fixtures. The company is divided into two primary segments they are trading activities and manufacturing activities. The company offers a diverse range of lighting solutions for various sectors, including retail, office, home, hospitality, and infrastructure projects. Their applications encompass a wide range of lighting solutions, from lighting systems and cabinet lights to pendant, recessed, semi-recessed, surface, and track lighting.

Financial Performance

The company has not yet declared its results for the September quarter. In the June quarter of FY24, the company experienced a significant increase in its revenue from operations, rising from Rs 26.54 crore to Rs 51.4 crore, marking a 94% increase. The company reported an operating profit of Rs 11.16 crore, compared to Rs 2.9 crore in the corresponding quarter of the previous year. The operating profit margin stood at 21.8% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 9.03 crore, a significant increase compared to the profit of Rs 2.65 crore in the corresponding quarter of the previous year.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 46.3% and 36.2%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 38.8 times in the market.

Stock Price Chart (Monthly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Systango Technologies Limited, which primarily focuses on delivering software solutions, experienced a significant increase in its share price today.

At the beginning of the day, the stock commenced trading at Rs 233 per share, marking a 3.5% increase from the previous day’s closing price of Rs 225 per share on the NSE. As of writing this article, the stock is trading at Rs 247.6 per share, signifying an impressive gain of 10% from its previous closing price. It reached the upper circuit price limit of 10%, indicating strong demand, with no sellers willing to part with their shares. Furthermore, the company’s stocks are currently trading at only a 22% decrease from their highest historical price.

The current market capitalisation of the company stands at Rs 363 crore, and the stock has delivered an impressive return of over 45% over the past year.

Stocks’s trading and delivery data

Business Overview:

Systango Technologies Limited, based in India, specializes in offering software solutions that empower companies to create, deploy, and oversee tailored digital platforms, encompassing Web2, Web3, and mobile applications, with a strong focus on data and analytics. The company provides an array of software solution services that encompass website development, mobile app development (for both iOS and Android), web3 development, DeFi (Decentralized Finance), data engineering, blockchain integration, cloud computing, and digital marketing for businesses spanning diverse sectors, including but not limited to financial services (FinTech), hospitality, fantasy sports, and property tech.

Financial Performance

During FY23, the company experienced a substantial increase in its revenue from operations, rising from Rs 33 crore to Rs 52 crore, representing a 60% increase. The company reported an operating profit of Rs 16 crore, compared to Rs 8 crore in the previous year. The operating profit margin stood at 30% during FY23.

Meanwhile, the company’s net profit for FY23 amounted to Rs 14 crore, which is a significant increase compared to the profit of Rs 7 crore in the previous year.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 41% and 35%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 26 times in the market.

Stock Price Chart (Weekly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[AngelOne]

Titagrah Rail Systems contributes to national defence by introducing Diving Support Craft, while its stock exhibits both short-term volatility and long-term potential.

Titagrah Rail Systems Limited is engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialized Equipment & Bridges, Ships, etc. The company caters to both domestic and export markets.

On Monday, October 30, 2023, Titagrah Rail Systems Limited, previously known as Titagrah Wagons Limited, launched its 2nd level Diving Support Craft for the Indian Navy at Barrackpore. Around 2:30 pm today, the company launched the Diving Support Craft into the waters of West Bengal, aligning with the tides for this newly launched project.

Titagrah Rail Systems Limited, in partnership with the Ministry of Defence’s ‘Make in India’ initiative, has released the first of five Diving Support Crafts for the Indian Navy. These Command Clearance Diving Teams who uses DSCs responsible for underwater repair, maintenance, and salvage operations near harbours.

Investors can find opportunities in the indigenous manufacturing sector, as the Diving Support Crafts highlight the growth potential in this space. Traders should keep an eye on the stock performance of Titagrah Rail Systems Limited, which is involved in building these vital assets. Additionally, these crafts will serve as a crucial training platform for the Indian Navy’s diving teams, indicating the importance of skilled workforce development in the region.

“We are proud and honoured to be serving the Indian Navy’s critical requirement of diving craft through indigenously produced state-of-the-art Diving Support Crafts pivotal to carrying out diving operations. We look forward to catering to the nation’s needs in strengthening its defence capabilities,” said Umesh Chowdhary, Vice-Chairman and Managing Director of TRSL.

Stock Price Performance:

Titagrah Rail Systems Limited has demonstrated mixed performance over the past few timeframes. In the short term, the stock experienced a 3.55% decline in the past week and a 4.93% drop over the last month, indicating a degree of recent volatility and potential investor caution. However, the stock has posted impressive gains over longer periods, with an impressive 231.48% year-to-date return and a remarkable 368.52% return over the past year.

The most remarkable performance metric is the 1,716.67% increase in the stock’s value over the past three years, reflecting its potential as a long-term investment. While short-term fluctuations are inevitable, Titagrah Rail Systems Limited’s strong longer-term growth may make it an attractive option for investors seeking sustained capital appreciation.

The candlestick chart above shows the price movement of Titagrah Rail Systems Limited, currently trading in a range of Rs. 680 to Rs. 870. On Monday, the price is resting on the 50-day Exponential Moving Average. A few trading sessions ago, the stock traded on heavy volumes, touching its all-time high of Rs. 867 on an intraday basis.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Maan Aluminium, engaged in the manufacturing and distribution of aluminium profiles, aluminium ingots, aluminium billets, and related activities in the industry, experienced a significant increase in its share price today.

At the beginning of the day, the Maan Aluminium stock commenced trading at Rs 129 per share, marking a 4% increase from the previous day’s closing price of Rs 124 per share on the BSE. As of writing this article, the stock is trading at Rs 136.40 per share, signifying an impressive gain of 10% from its previous closing price. It reached the upper circuit price limit of 10%, indicating strong demand, with no sellers willing to part with their shares. Furthermore, the company’s stocks are currently trading at an all-time high price.

The current market capitalisation of the company stands at Rs 737 crore, and the stock has delivered an impressive multibagger return of over 211% over the past year.

Stocks’s trading and delivery data

Business Overview:

Maan Aluminium Limited operates in the manufacturing and trading of aluminium profiles, aluminium ingots, aluminium billets, and related activities. It was incorporated in 1989. At present, Maan serves as an exclusive distributor of aluminium ingots and billets for Hindalco Industries Ltd. in both North and South India. Additionally, the company actively engages in the trade of non-ferrous metal scraps, with a focus on products like Taint Tabor, Tread, Talk, Twitch, Tense, and Zorba.

Financial Performance

The company has not yet declared its results for the September quarter. In the June quarter of FY24, the company experienced a significant increase in its revenue from operations, rising from Rs 173 crore to Rs 207 crore, marking a 19.75% increase. The company reported an operating profit of Rs 13 crore, compared to Rs 12 crore in the corresponding quarter of the previous year. The operating profit margin stood at 6% during the June quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 10 crore, a significant increase compared to the profit of Rs 8 crore in the corresponding quarter of the previous year.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 42.8% and 46.6%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 14 times in the market.

Stock Price Chart (Weekly time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[rishitdedhia]

On Wednesday, shares of Vodafone Idea traded at its 52-week high, marking a significant range breakout. On the day of the breakout, the stock opened near Rs. 11.90, reached a high of Rs. 13.55 and dipped to a low of Rs. 11.80 on an intraday basis. Ultimately, the stock managed to close at Rs. 12.80 after a volatile day. The chart below illustrates the story of the stock’s breakout.

Vodafone Idea is currently in discussions with investors to secure funding, with the promoters committing an additional Rs. 2,000 crore. The company’s objective is to raise Rs. 20,000 crores through a combination of debt and equity funding from external investors. They are actively finalizing their rollout strategy with network vendors and plan to settle outstanding vendor dues using the proceeds from equity partners.

Although the telco faces a tax charge due to a Supreme Court judgment, it does not anticipate an immediate cash outflow. Vodafone Idea is also exploring tariff rationalization and a shift in its pricing structure towards higher-paying users to ensure a return on their network investments. Despite incurring losses, the company remains committed to stabilizing its customer base and expanding its service offerings.

Stock Performance:

Vodafone Idea Ltd. has undergone a remarkable turnaround in recent months, with its stock price surging by 17.97% in the past week, delivering impressive returns across various timeframes. Over the past year, the stock has gained nearly 48%, and over the past three years, it has posted a solid 46.29% increase.

These substantial returns suggest that the company may offer the potential for significant long-term investment opportunities as it continues to adapt to the rapidly changing telecom industry landscape.

Previously, the stock price had been range-bound between Rs. 12.5 and Rs. 10.50. However, on Wednesday, the stock broke out of this range, resembling a flag formation on the daily chart, but the range breakout appears more promising. Historically, we have observed that the stock price tends to drop to around Rs. 6 before rebounding to a high of approximately Rs. 14. Currently, the levels near Rs. 14 and the resistance at Rs. 16.80 present significant hurdles for the stock price’s upward movement.

On Wednesday, the stock faced resistance at Rs. 13.55 on an intraday basis, and we are anticipating a potential breakout of its multi-year high, which could trigger a substantial rally, possibly turning it into a multibagger stock. This analysis is based solely on technical analysis and price action.

The trading volume for Vodafone Idea on that day amounted to 97,20,01,219 shares, with a total traded value of Rs. 1,25,290.96 lakh. The company’s total market capitalization, representing its overall market value, stood at Rs. 62,55,340.06 lakh.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are provided as examples and not as recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with an expert before making any related financial decisions.

[rishitdedhia]

Stock of the day - Netweb Technologies jumps 10% and hits the upper circuit in the morning session

Netweb Technologies India, headquartered in India, is a company that specializes in delivering high-end computing solutions with comprehensive capabilities in design and manufacturing. The company experienced a significant increase in its share price today.

At the beginning of the day, the stock commenced trading at Rs 815.95 per share, marking a 7.7% increase from the previous day’s closing price of Rs 757.65 per share on the BSE. As of writing this article, the stock is trading at Rs 833.40 per share, signifying an impressive gain of 10% from its previous closing price. It reached the upper circuit price limit of 10%, indicating strong demand, with no sellers willing to part with their shares. Furthermore, the company’s stocks are currently trading at a discount of around 14% from its all-time high price of Rs 953 per share. However, the stock has underperformed and disappointed its investors regarding return generation.

The company’s stock made its market debut in July 2023 at a premium of 88%, opening at Rs 942.50 per share, which was significantly higher than its initial issue price of Rs 500 per share. Currently, it is still trading 66.7% above its IPO issue price.

Stocks’s trading and delivery data:

Business Overview:

Netweb Technologies India Limited, headquartered in India, is a company that specializes in delivering high-end computing solutions (HCS) with comprehensive capabilities in design and manufacturing. The range of high-end computing solutions offered by the company includes HPC (High-Performance Computing), private cloud and hyper-converged infrastructure (HCI), artificial intelligence (AI) systems, enterprise workstations, high-performance storage (HPS), and data centre servers. They provide a comprehensive suite of products and solutions, covering everything from designing and assembling printed circuit boards to manufacturing complete electronic systems.

Within their HPC offerings, Netweb Technologies provides HPC Clusters, HPC on Cloud services, Lustre Appliance solutions, and Accelerator-based computing options. Their extensive server solutions encompass X86 servers, Mission Critical Blade servers, Fat Twin Servers, Management and Landing servers, and Low-latency Servers. The company also extends its services into areas such as cloud migration, managed cloud services, OpenStack cloud, HPC on Cloud, managed Kubernetes, AI and Machine Learning, among others.

Financial Performance:

In the September quarter of FY24, the company experienced a significant increase in its revenue from operations, rising from Rs 74 crore to Rs 145 crore, marking a 97% increase. The company reported an operating profit of Rs 19 crore, compared to Rs 13 crore in the corresponding quarter of the previous year. The operating profit margin stood at 13% during the September quarter. However, the operating profit margin has fallen from 18% to 13% YoY during the quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 15 crore, a significant increase compared to the profit of Rs 9 crore in the corresponding quarter of the previous year.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are 64% and 68%, respectively. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 99 times in the market.

Stock Price Chart (Daily time frame):

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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RIR Power Electronics Limited

RIR Power Electronics Limited has been actively engaged in the field of power electronics manufacturing in India for the past five decades. The company holds a unique position as an industry leader and is the exclusive manufacturer of Silicon (Si) Devices in India. The company experienced a significant increase in its share price today.

At the beginning of the day, the RIR Power Electronics stock commenced trading at Rs 724 per share, marking a 9.56% increase from the previous day’s closing price of Rs 660.80 per share on the BSE. As of writing this article, the stock is trading at Rs 726.85 per share, signifying an impressive gain of 10% from its previous closing price. It reached the upper circuit price limit of 10%, indicating strong demand, with no sellers willing to part with their shares. Furthermore, the company’s stocks are currently trading at a discount of around 5% from its all-time high price of Rs 764 per share.

The current market capitalisation of the company stands at Rs 505.69 crore, and the stock has generated an impressive multibagger return of 137% in the past year and an outstanding 2270% return in the last three years.

Stocks’s trading and delivery data:

Business Overview:

RIR Power Electronics Ltd has been actively involved in the field of power electronics manufacturing in India for the past five decades. The company has played a pivotal role in promoting the concept of self-reliance (“atmanirbhar”) in the country, particularly in the realm of power semiconductor devices. Even during a time when the term ‘semiconductors’ was relatively unfamiliar, the company was committed to their manufacturing and development at its specialized facility in Baska, Gujarat.

The company holds a unique position as an industry leader and is the exclusive manufacturer of Silicon (Si) Devices in India. RIR Power Electronics Ltd possesses a fully integrated manufacturing facility located in Baska, Gujarat, which is engaged in all stages of manufacturing a wide variety of power semiconductors. From the initial wafer diffusion process to the final packaging of the devices, it manages the entire vertically integrated manufacturing process in-house. Additionally, the company leverages its expertise by forward integrating its operations and manufacturing power equipment.

Financial Performance:

The company has not yet declared its September quarter results. In the June quarter of FY24, the company experienced a significant increase in its revenue from operations, rising from Rs 12.11 crore to Rs 13.87 crore, marking a 14.5% increase. The company reported an operating profit of Rs 1.79 crore, compared to Rs 1.60 crore in the corresponding quarter of the previous year. The operating profit margin stood at around 13% during the September quarter. However, the operating profit margin has fallen from 13.2% to 12.9% YoY during the quarter.

Meanwhile, the company’s net profit for the quarter amounted to Rs 1.36 crore, compared to the profit of Rs 1.24 crore in the corresponding quarter of the previous year.

The company’s ROCE (Return on Capital Employed) is 14.9%, and its ROE (Return on Equity) is 20%. The company’s shares are trading at a P/E (Price-to-Earnings) ratio of 82 in the market.

Stock Price Chart (Weekly time frame):

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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Priti International jumps 10% - 7th November

Priti International Limited is an Indian company specialising in the creation and export of antique and contemporary home furniture and lifestyle products. The company witnessed a significant surge in its share price today.

At the opening of the trading day, the Priti Internation stock started at Rs 203.35 per share, marking a substantial 9.98% increase from the previous day’s closing price of Rs 184.90 per share on the NSE. As of the time of composing this article, the stock is currently trading at Rs 203.35 per share, signifying an impressive gain of 10% from its prior closing price. It has reached the upper circuit price limit of 10%, indicating strong demand in the market, with no sellers willing to sell their shares at the current price.

Furthermore, it’s worth noting that the company’s stock is presently trading at a discount of approximately 16% from its all-time high price of Rs 234.90 per share on the NSE. This suggests that there may be room for potential appreciation in the stock’s value.

The current market capitalisation of the company stands at Rs 236 crore, and the stock has generated a return of 21% during the past year and an impressive 145% return during the last three years.

Stocks’s trading and delivery data:

Business Overview:

Priti International Limited is an Indian company specialising in the creation and export of antique and contemporary home furniture and lifestyle products. The company serves as a curator for a diverse range of items, including antique furniture, vintage collectables, unique decor pieces, and reclaimed architectural elements.

Priti International operates through two primary segments: Wooden and Iron Handicraft, as well as Textile Handicraft. Their expertise lies in manufacturing furniture and handicrafts crafted from wood, metal, and textiles. They are also dedicated to environmentally friendly practices, such as upcycling, recycling, and repurposing of discarded wooden and metal materials.

The product lineup encompasses a variety of options, such as solid wood furniture with ethnic, French country, and contemporary designs, metal furniture featuring industrial, French colonial, and Danish straight styles, and textile-based handicrafts like handbags, wallets, travel bags, backpacks, sofa and pillow covers, stools made from textile materials, and even pet products. Priti Home, the company’s brand, operates as an online store specializing in wooden furniture.

Financial Performance

In the second quarter of FY24, the company achieved impressive financial results, with reported revenues of Rs 21.20 crore. This represents a remarkable growth of 67% YoY compared to the same quarter in the previous year, where the revenue was Rs 12.69 crore. The company’s operating profit for the quarter stood at Rs 3.87 crore, which is more than twice the profit compared to the same quarter in the previous year. The operating profit margin for the company during this quarter was 18%.

Shifting our attention to the company’s net profit, it amounted to Rs 3.36 crore, a substantial increase compared to the profit of Rs 1.12 crore in the corresponding quarter of the previous year. This demonstrates a remarkable threefold growth in profit.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 31.9% and 23.6%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 24 times in the market.

Stock Price Chart (Daily time frame)

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

[rishitdedhia]

Prakash Pipes climbs 10% and hits the upper circuit

Prakash Pipes Limited, an India-based company, specializes in the production of polyvinyl chloride (PVC) pipes and fittings. The company witnessed a significant surge in its share price today.

At the opening of the trading day, the Prakash Pipes stock started at Rs 367.20 per share, marking a flat opening from the previous day’s closing price of Rs 365.35 per share on the BSE. As of the time of composing this article, the stock is currently trading at Rs 401.85 per share, signifying an impressive gain of 10% from its prior closing price. It has reached the upper circuit price limit of 10%, indicating strong demand in the market, with no sellers willing to sell their shares at the current price.

Furthermore, it’s worth noting that the company’s stock is presently trading at a discount of approximately 10% from its all-time high price of Rs 445.55 per share on the BSE. This suggests that there may be room for potential appreciation in the stock’s value.

The current market capitalization of the company stands at Rs 961 crore, and the stock has generated a return of 140% during the past year and an impressive 450% return during the last three years.

Stocks trading and delivery data:

Business Overview:

Prakash Pipes Limited, an India-based company, specializes in the production of polyvinyl chloride (PVC) pipes and fittings. Under the Prakash brand, it operates in two primary segments: PVC pipes & fittings and Flexible Packaging. The PVC pipes & fittings division encompasses a wide range of products, including unplasticized polyvinyl chloride (uPVC) pipes, plumbing pipes, casing pipes, chlorinated polyvinyl chloride (CPVC) pipes, column pipes, garden pipes, soil, waste, and rain (SWR) pipes, plumbing uPVC pipes, fittings, and water tanks.

In the realm of flexible packaging, the company offers solutions for various industries, including fast-moving consumer goods (FMCG), food, beverages, infrastructure, and pharmaceutical products. The flexible packaging division comprises multi-layer laminates, multi-layer pouches, blown PE film, printing cylinders, and printing inks.

Financial Performance:

In the second quarter of FY24, the company reported revenues of Rs 176 crore. This represents an 8.5% YoY decline compared to the same quarter in the previous year when the revenue was Rs 192 crore. The company’s operating profit for the quarter stood at Rs 23 crore, compared to Rs 22 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was 13%.

Shifting our attention to the company’s net profit, it amounted to Rs 18 crore, compared to a net profit of Rs 25 crore in the same period last year. Whether we consider the top line or the bottom line, the company’s financial performance has weakened.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 29% and 22.8%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 24 times in the market.

Stock Price Chart (Daily time frame):

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NINtec Systems jumps 10% and hits the upper circuit in the morning session

NINtec Systems Limited is a globally operating technology company headquartered in India. The company specializes in delivering software development services and solutions to a wide range of industries, including automotive, print media and publishing, BFSI, transportation, and logistics, with a global reach. The company witnessed a significant surge in its share price today.

At the opening of the trading day, the NINTec system stock started at Rs 380.9 per share, marking an impressive 8.8% gain from the previous day’s closing price of Rs 349.95 per share on the BSE. As of the time of composing this article, the stock is currently trading at Rs 384.90 per share, signifying an impressive gain of 10% from its prior closing price. It has reached the upper circuit price limit of 10%, indicating strong demand in the market, with no sellers willing to sell their shares at the current price.

Furthermore, the company’s stock is presently trading at a discount of approximately 10% from its all-time high price of Rs 425.25 per share on the BSE. This suggests that there may be room for potential appreciation in the stock’s value.

The current market capitalization of the company stands at Rs 715 crore, and the stock has generated a return of 462% during the past year and an impressive 3450% return during the last three years.

Stocks’s trading and delivery data:

Business Overview:

NINtec Systems Limited is a globally operating technology company headquartered in India. The company specializes in delivering software development services and solutions to a wide range of industries, including automotive, print media and publishing, banking, financial services, insurance (BFSI), transportation, and logistics, with a global reach. Their service offerings encompass various areas, such as application development and maintenance, strategic offshore software product development, legacy system development, software migration, and search engine optimization.

Additionally, NINtec Systems Limited is involved in web development, game development, PHP development, enterprise resource planning (ERP), as well as wireless, mobile, and wireless application protocol (WAP) development. They provide an array of services, including business analytics, cloud services, application engineering, testing services, and expertise in artificial intelligence and machine learning.

Financial Performance:

In the second quarter of FY24, the company reported revenues of Rs 14.81 crore. This represents an impressive 126% YoY increase compared to the same quarter in the previous year when the revenue was Rs 6.54 crore. The company’s operating profit for the quarter stood at Rs 4.3 crore, compared to Rs 1.4 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was 28.90%.

Shifting our attention to the company’s net profit, it amounted to Rs 3.30 crore, compared to a net profit of Rs 1.20 crore in the same period last year. Impressively, the net profit of the company more than doubled during the quarter YoY.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 40% and 30%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 141 times in the market.

Stock Price Chart (Daily time frame):

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.