Stock of the day | Angel One

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202

TPL Plastech Rallies 10% and Hits Upper Circuit Today!

The shares of TPL Plastech have delivered a return of over 190% to its shareholders in the past 1 year.

Founded in 1992, TPL Plastech Ltd specializes in the manufacture and sale of polymer products. A subsidiary of Time Technoplast Ltd, which owns a 75% stake in the company, TPL Plastech produces HDPE drum containers ranging from 20 to 250 liters. These containers are mainly used for bulk packaging of specialty chemicals, paints and inks, pharmaceutical products, and fast-moving consumer goods. Additionally, the company produces smaller packaging solutions with capacities ranging from 30 ml to 10 liters.

At the start of the day’s trading session, the stock opened at Rs 113.99 per share, compared to the previous day’s closing figure of Rs 109.74 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 120.71 per share. The stock has reached the upper circuit price limit of 10%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.

The company’s current market capitalization stands at Rs 941.57 crore, and the stock has generated an impressive return of over 190% in the past 1 year.

Trading and Delivery Volumes (Daily)

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Financial Performance

In Q1 FY24, TPL Plastech Ltd reported revenue of Rs 82.73 crore. The company reported an operating profit of Rs 9.76 crore along with an operating margin of 11.80%. The company reported a net profit of Rs 6.07 crore in Q1 FY24. Turning attention to the company’s annual performance, it reported revenue of Rs 313 crore compared to Rs 271 crore in FY23. The company reported an operating profit of Rs 36 crore with an operating profit margin of 12%. The company’s net profit stood at Rs 20 crore in FY24.

According to the shareholding pattern, the company’s promoters hold 74.86% of the shares, while public or retail investors own 24.94%. In the first quarter of FY25, Foreign Institutional Investors (FIIs) increased their stake, while Domestic Institutional Investors (DIIs) maintained their existing level of investment.

Investors must keep this stock on their radar.

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.

203

Priti International Rallies 20% and Hits Upper Circuit Today!

The shares of Priti International have delivered a return of around 600% to its shareholders in the past 5 years.

Priti International Ltd is an Indian furniture and lifestyle brand that provides interior collections for homes. Originally founded with a small team and a single factory in Jodhpur, the company has expanded significantly and now employs over 80 people, including more than 100 skilled artisans.

At the start of the day’s trading session, the stock opened at Rs 136 per share, compared to the previous day’s closing figure of Rs 136.37 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 163.64 per share. The stock has reached the upper circuit price limit of 20%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.

The company’s current market capitalization of Priti International Ltd stands at Rs 218.51 crore, and the stock has generated an impressive return of around 600% in the past 5 years.

Trading and Delivery Volumes (Daily)

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Financial Performance

In Q4 FY24, Priti International Ltd reported revenue of Rs 29.73 crore. The company reported an operating profit of Rs 1.55 crore along with an operating margin of 5.21%. The company reported a net profit of Rs 1.34 crore in Q4 FY24. Turning attention to the company’s annual performance, it reported revenue of Rs 90.33 crore compared to Rs 82.85 crore in FY23. The company reported an operating profit of Rs 11.15 crore with an operating profit margin of 12.34%. The company’s net profit stood at Rs 9.57 crore in FY24.

According to the shareholding pattern, the company’s promoters hold 64.60% of the shares, while public or retail investors own 34.70%. DIIs owns a 0.70% stake in the company.

Investors must keep this stock on their radar.

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.

204

Bajaj Finserv Limited

Bajaj Finserv shares rose 2.46% on the NSE and closed at ₹1,727.60 on August 27, 2024, making it a top-gaining stock for the day.

Bajaj Finserv Ltd is the holding company for the various financial services businesses under the Bajaj group. The company primarily provides solutions for asset acquisition via financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.

Shares Price Performance

On August 27, 2024, Bajaj Finserv Limited opened at ₹1,686.20 and closed at ₹1,727.60 with a day high of ₹1,729.00. The Bajaj Finserv shares delivered a return of 8.46% and 13.58% in the past 6 months and 1 year, respectively.

Financial Performance

During Q1 FY2025, Bajaj Finserv experienced a significant increase in revenue, profit, net worth, and surplus funds, indicating a positive financial trend. Notably, the growth in total revenue was particularly impressive at 35% to ₹31,480 crore, driven by strong performance across various business segments. This growth translated into a healthy increase of 10% in profit after tax to ₹2,138 crore, showcasing the company’s efficiency in managing costs and maximising profitability.

During FY2024, Bajaj Finserv Health successfully acquired Vidal Healthcare, a significant step in expanding its healthcare offerings. All necessary regulatory approvals for the acquisition have been obtained, and the integration process is underway. This strategic move has already yielded positive results, as evidenced by a 57% year-over-year growth in total revenue for the first quarter of fiscal year 2025.

Bajaj Finance Limited has resumed its lending operations, including ‘eCOM’ and ‘Insta EMI Card’ loans, following the removal of RBI restrictions during FY2024. This has allowed the company to continue providing a range of financial products to its customers. The company’s financial performance has been strong, with a 14% increase in profit after tax for the first quarter of fiscal year 2025.

Additionally, Bajaj Finance’s capital adequacy remains robust, ensuring its financial stability. With a strong capital base and a focus on responsible lending, the company continues to maintain low levels of non-performing assets, positioning itself as a leader in the industry.

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.

205

Bajaj Finserv Limited

Bajaj Finserv shares rose 3.31% to ₹1,842 on September 2, 2024. Bajaj Finance’s Q4 FY24 net profit was up 21.1% to ₹3,824.53 crore, with AUM growing 34% to ₹3.30 trillion.

Bajaj Finserv shares rose 3.31% on the NSE and closed at ₹1,842.00 on September 02, 2024, making it a top-gaining stock for the day.

Bajaj Finserv Ltd is the parent company for the financial services businesses in the Bajaj group. It helps millions of customers by offering various solutions: financing for buying assets, general insurance for asset protection, life and health insurance for family and income security, and retirement and savings plans.

Share Price Performance

On September 02, 2024, Bajaj Finserv Limited opened at ₹1,796.40 and closed at ₹1,842.00 with a day high of ₹1,862.00. The Bajaj Finserv shares delivered a return of 13.75% and 21.98% in the past 6 months and 1 year, respectively.

Financial Performance

Non-banking Financial Company (NBFC) Bajaj Finance Limited reported a consolidated net profit of ₹3,824.53 crore for Q4 FY24, ending on March 31. This is a 21.1% increase compared to ₹3,157.79 crore from last year’s same quarter.

The company’s revenue from operations rose by 31.34% to ₹14,926.21 crore, up from ₹11,364.01 crore a year ago. Total income also grew by 31.35% to ₹14,931.98 crore, compared to ₹11,367.54 crore in the previous year.

Quarter-over-quarter, net profit increased by 5% from ₹3,638.95 crore. Revenue from operations grew by 5.38% from ₹14,163.56 crore, and total income was up 5.4% from ₹14,166.89 crore in Q3.

For the entire financial year, Bajaj Finance reported a 25.57% increase in net profit, reaching ₹14,451.17 crore, up from ₹11,507.69 crore at the end of FY23. Revenue from operations rose by 32.7% to ₹54,969.49 crore, compared to ₹41,410.16 crore last year.

Assets under management (AUM) grew by 34% to ₹3.30 trillion as of March 31, 2024, up from ₹2.47 trillion a year earlier. In Q4 FY24, AUM increased by ₹19,647 crore.

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 - SBI Life Insurance Company Ltd

SBI Life Insurance rose 1.72% to ₹1,921.15 on September 3, 2024. Q4 FY24 net profit hit ₹811 crore, up 8% YoY. APE also increased by 17% to ₹19,720 crore.

SBI Life Insurance Company Ltd rose 1.72% on the NSE and closed at ₹1,921.15 on September 03, 2024, making it a top-gaining stock for the day.

SBI Life Insurance was founded in 2000 and offers life insurance services to over a million customers. The company provides a range of products, including plans for families and individuals, protection, pension, and health services.

Share Price Performance

On September 03, 2024, SBI Life Insurance Limited opened at ₹1,890.00 and closed at ₹1,921.15 with a day high of ₹1,936.00. The Bajaj Finserv shares delivered a return of 26.56% and 44.63% in the past 6 months and 1 year, respectively.

Financial Performance

SBI Life Insurance Company reported a net profit of ₹811 crore for the quarter ending Q4 FY24, which is an 8% increase from ₹776 crore in the same quarter last year, thanks to lower expenses. Profit surged 152% from ₹321 crore compared to the previous quarter. The company’s net premium income also grew by 26.23% year-on-year, reaching ₹25,116 crore, up from ₹19,896 crore in Q4 of FY23.

SBI Life Insurance has shown strong performance in the private market, leading with a New Business Premium (NBP) of ₹70.3 billion, marking a 13% growth and capturing a 21.8% market share. The company also leads in individual NBP with ₹47.5 billion, reflecting a 17% growth and holding a 25.9% market share.

The Annualised Premium Equivalent (APE) is at ₹36.4 billion, up by 20%. Notably, the APE from the agency channel stands at ₹10.9 billion, demonstrating a significant 45% growth. Persistency has improved, with 13-month and 61-month rates increasing by 150 basis points and 229 basis points, respectively. Profit After Tax (PAT) has risen to ₹5.2 billion, a 36% increase. The company’s solvency ratio is 2.01, and assets under management have reached ₹4.1 trillion, showing a 26% growth.

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.