Stock of the day | Angel One

[rishitdedhia]

Trident Lifeline jumps 20% and hits the upper circuit

Trident Lifeline Limited operates in the marketing of pharmaceutical products in both domestic and international markets. The company witnessed a significant surge in its share price today.

At the opening of the trading day, the Trident Lifeline stock started at Rs 171 per share, marking an impressive 4.9% gain from the previous day’s closing price of Rs 163 per share on the BSE. As of the time of composing this article, the stock is currently trading at Rs 195.60 per share, signifying an impressive gain of 20% from its prior closing price. It has reached the upper circuit price limit of 20%, 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 22% from its all-time high price of Rs 239.70 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 225 crore, and the stock has generated a return of 36% during the last six months and an impressive 50% return during the last one year.

Stocks’s trading and delivery data:

Business Overview:

Incorporated in 2014, Trident Lifeline Limited operates in the marketing of pharmaceutical products in both domestic and international markets. Additionally, the company is involved in the distribution of pharmaceutical products through a third-party distribution network. Trident Lifeline Limited is a component of the Trident Texofab Group.

Financial Performance:

In the first quarter of FY24, the company reported revenues of Rs 8.64 crore. This represents an impressive 45% YoY increase compared to the same quarter in the previous year when the revenue was Rs 7.85 crore. The company’s operating profit for the quarter stood at Rs 1.76 crore, compared to Rs 1.59 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was 20%. Shifting our attention to the company’s net profit, it amounted to Rs 1.4 crore, compared to a net profit of Rs 1.4 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 25% and 24%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 31.7 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]

EMS jumps 10% and hits the upper circuit in the morning session

EMS Limited, an India-based enterprise, focuses on providing a range of services including sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road infrastructure, and associated works. The company witnessed a significant surge in its share price in the morning session today.

At the opening of the trading day, the stock started at Rs 417.30 per share, marking an impressive 9.99% gain from the previous day’s closing price of Rs 379.40 per share on the BSE. As of the time of composing this article, the stock is currently trading at Rs 417.30 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 its all-time high price of Rs 417.30 per share on the BSE.

The current market capitalization of the company stands at Rs 2,317 crore, and the stock has generated a return of 28% during the last month and an impressive 97% return over its final issue price of Rs 211 per share during the IPO.

Stocks’s trading and delivery data:

Business Overview:

EMS Limited, an India-based enterprise, focuses on providing a range of services including sewerage solutions, water supply systems, water and waste treatment plants, electrical transmission and distribution, road infrastructure, and associated works. They specialise in executing and maintaining wastewater scheme projects (WWSPs) and water supply scheme projects (WSSPs) for various government authorities. WWSPs encompass sewage treatment plants (STPs), sewage network schemes, and common effluent treatment plants (CETPs), while WSSPs involve water treatment plants (WTPs), pumping stations, and the installation of water supply pipelines.

The company’s offerings also include sewerage and water supply works, road construction, design and implementation of power transmission and distribution systems, maintenance of public infrastructure, building construction, and electricity transmission installations.

Financial Performance:

In the second quarter of FY24, the company reported revenues of Rs 211 crore. This represents an impressive 74% YoY increase compared to the same quarter in the previous year when the revenue was Rs 121 crore. The company’s operating profit for the quarter stood at Rs 57 crore, compared to Rs 43 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was 27%. Shifting our attention to the company’s net profit, it amounted to Rs 45 crore, compared to a net profit of Rs 30 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 32.7% and 24.8%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 21.6 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]

Kundan Edifice jumps 20% and hits the upper circuit in the morning session

Kundan Edifice Limited, an India-based company, specialises in manufacturing and supplying diverse range of flexible light-emitting diode (LED) strip lights. The company witnessed a significant surge in its share price in the morning session today.

At the opening of the trading day, the Kundan Edifice stock started at Rs 107.8 per share, marking an impressive 19.99% gain from the previous day’s closing price of Rs 102.05 per share on the NSE. As of the time of composing this article, the stock is currently trading at Rs 122.45 per share, signifying an impressive gain of 20% from its prior closing price. It has reached the upper circuit price limit of 20%, 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 its all-time high price of Rs 122.45 per share on the NSE.

The current market capitalisation of the company stands at Rs 126 crore, and the stock has generated a return of 59% during the last month and an impressive 35% return over its final issue price of Rs 91 per share during the IPO.

Stocks’s trading and delivery data:

Business Overview:

Kundan Edifice Limited, an India-based company, specialises in manufacturing and supplying a diverse range of flexible light-emitting diode (LED) strip lights. The company’s product line encompasses various LED types like 2835, 3014, 5050, and premium variants. Its premium offerings are the 2835 CCT, 5050 RGBW, and 5050 RGBWW products. Additionally, the company provides a spectrum of services including technology consultation, design drafting, sample verification, production trials, full-scale production, branding and packaging, and logistical arrangements.

Its LED strip lights find application in profile lighting, automotive interiors and exteriors, indoor decor, festive decorations, outdoor advertising panels, IP67-rated outdoor installations, IP68-rated underwater settings, architectural facade enhancements, construction demarcation, neon flex light creation, and ornamental articles.

Financial Performance:

In the second quarter of FY24, the company reported revenues of Rs 41.40 crore. The company’s operating profit for the quarter stood at Rs 5.73 crore. The operating profit margin for the company during this quarter was 13.84%. Shifting our attention to the company’s net profit, it amounted to Rs 3.31 crore during the same period.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 46.6% and 92.5%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 21.6 times in the market.

Ownership in the company is distributed as follows: Promoters possess 72.28%, with public investors holding 27.58%, and the remaining 0.14% is owned by DIIs (Domestic Institutional Investors)

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]

WomanCart Limited jumps 20% and hits the upper circuit!

Womancart Limited, an India-based company, primarily operates a digital retail platform focusing on consumers, offering an extensive array of branded beauty and wellness products. The company experienced a significant surge in its share price during the morning session today.

At the opening of the trading day, the Womancart stock began at Rs 167.40 per share, marking an impressive 6.8% gain from the previous day’s closing price of Rs 156.70 per share on the NSE. As of the time of writing this article, the stock is currently trading at Rs 188 per share, signifying an impressive 19.97% gain from its prior closing price. It has reached the upper circuit price limit of 20%, 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 its all-time high price of Rs 188 per share on the NSE.

The current market capitalization of the company stands at Rs 79 crore, and the stock has generated a return of 73% during the past week and an impressive 118% return over its final issue price of Rs 86 per share during the IPO.

Stocks’s trading and delivery data:

Business Overview:

Womancart Limited, an India-based company, primarily operates a digital retail platform focusing on consumers, offering an extensive array of branded beauty and wellness products. These encompass skincare, body care, hair care, and fragrances for both men and women. The company also showcases lifestyle brands encompassing makeup, imitation jewellery, and lingerie. Additionally, it manages physical stores where customers can explore, make purchases, and engage with the brand. Its product range caters to daily needs, featuring skincare, makeup, fragrances, hair styling products, and a dedicated section for men’s grooming needs, including shavers, trimmers, and beard care. The company’s product portfolio comprises approximately 10,000 SKUs, encompassing its proprietary brand as well as various national and international brands.

Financial Performance:

In the second quarter of FY24, the company reported revenues of Rs 10.59 crore. The company’s operating profit for the quarter stood at Rs 1.61 crore, with an operating profit margin of 15.20%. Regarding the company’s net profit, it amounted to Rs 1.22 crore during the same period. The company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 48.8 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.

[AngelOne]

DRC Systems jumps 20% and hits the upper circuit!

The company’s stock has generated an impressive return of 100% over the past year.

DRC Systems India Limited is an IT services company based in India, specialising in consulting, business solutions, and a range of IT-enabled services. The company experienced a significant surge in its share price today.

At the opening of the trading day, the stock began at Rs 49.99 per share, marking an impressive 8% gain from the previous day’s closing price of Rs 46.26 per share on the BSE. As of the time of writing this article, the stock is currently trading at Rs 55.51 per share, signifying an impressive 20% gain from its prior closing price. It has reached the upper circuit price limit of 20%, 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 its all-time high price of Rs 55.51 per share on the BSE.

The current market capitalization of the company stands at Rs 244 crore, and the stock has generated a return of 34% during the past month and an impressive 100% return in the past year.

Stocks’s trading and delivery data

Business Overview

DRC Systems India Limited is an IT services company based in India, specializing in consulting, business solutions, and a range of IT-enabled services. The core focus of the company involves offering a spectrum of services encompassing web and mobile application development, maintenance, testing, and associated support services. The service portfolio includes expertise in web development, mobile app development, content management systems, digital commerce (e-commerce), blockchain, big data, and more.

At the heart of their offerings lies Z-ERP, a sophisticated enterprise resource planning (ERP) solution tailored specifically for distributor management. Z-ERP operates as an intelligent web-based ERP solution primarily serving business-to-business (B2B) operations. It caters comprehensively to business needs by seamlessly integrating all operational functions from order management and plant-floor operations to sales and distribution aiming to minimize redundancy and optimize efficiency.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 9.89 crore. This represents an impressive 72% YoY increase compared to the same quarter in the previous year when the revenue was Rs 5.74 crore. The company’s operating profit for the quarter stood at Rs 2.47 crore, compared to Rs 1.78 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was 25%. Shifting our attention to the company’s net profit, it amounted to Rs 1.48 crore, compared to a net profit of Rs 0.88 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 31.3% and 32.6%, respectively, indicating strong financial performance. Additionally, the company’s stocks are currently trading at a Price-to-Earnings (PE) ratio of 31.6 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.

[AngelOne]

Sastasundar Ventures jumps 20% and hits the upper circuit

The company’s stock has generated an impressive return of over 250% during the past three years.

Sastasundar Ventures Limited operates as a Core Investment Company (CIC) with a primary focus on establishing a digital healthcare network and offering portfolio management services. The company experienced a significant surge in its share price today.

At the opening of the trading day, the stock began at Rs 390.95 per share, opening flat compared to the previous day’s closing price of Rs 390.95 per share on the BSE. As of the time of writing this article, the stock is currently at Rs 469.10 per share, signifying an impressive 20% gain from its prior closing price. It has reached the upper circuit price limit of 20%, 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 around 24% from its all-time high price of Rs 583 per share on the BSE.

The current market capitalisation of the company stands at Rs 1,492 crore, and the stock has generated a return of 65% during the past six months and an impressive 256% return in the last three years.

Stocks’s trading and delivery data

Business Overview

Sastasundar Ventures Limited, an India-based company, operates within two main segments: Financial Services and Healthcare Network. The Financial Services segment involves activities such as loan financing, investment in shares and securities, financial consultancy, wealth management, distribution, and related services. Meanwhile, the Healthcare Network segment focuses on pathology services, marketing healthcare products through online portals, and diagnostic services encompassing pathological and radiological investigations.

The company’s online diet clinic, YANA Diet Clinic, specialises in comprehensive diet plans aimed at weight loss and reducing medication reliance. Additionally, Sastasundar Ventures Limited offers DNAVITA health supplements in two categories namely DNAVITA customized nutrition and DNAVITA ready nutrition. Their gifting solution, SastaSundar Happy Box, is also part of their offerings.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 358 crore, marking an impressive 41% YoY increase compared to the same quarter in the previous year when the revenue was Rs 254 crore. The company’s operating profit for the quarter stood at Rs 3 crore, contrasting with an operating loss of Rs 6 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter was a mere 1%. Shifting our attention to the company’s reported net loss, it amounted to Rs 12 crore, compared to a net loss of Rs 3 crore in the same period last year.

In terms of ownership, promoters hold 73.92%, while FIIs and DIIs hold 0.32% and 0.17%, respectively, and the remaining 25.60% is owned by public investors as per the latest update.

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.

[AngelOne]

Tinna Trade zooms 20% and hits the upper circuit

Shares of the company have generated an impressive return of over 246% during the past two years.

Tinna Trade Limited is engaged in the trading of agricultural and non-agricultural products. The company experienced a significant surge in its share price today.

At the beginning of the day, the stock opened at Rs 42.90 per share, marking a 9.6% increase compared to the previous day’s closing price of Rs 39.13 per share on the BSE. As of the time of writing this article, the stock currently trades at Rs 46.95 per share, representing an impressive 20% gain from its previous closing price. It has reached the upper circuit price limit of 20%, which indicates robust demand in the market, as no sellers are willing to sell their shares at the current price.

The company’s current market capitalisation stands at Rs 40.21 crore, and the stock has generated a return of 88% during the past six months and an impressive 246% return in the last two years.

Stocks’s trading and delivery data

Business Overview

Tinna Trade Limited (TTL) is an integral part of the diversified TINNA Group, established over forty years ago. Originally founded in 2009, the company underwent several transformations, initially as Tinna Viterra Trade Private Limited and later as Tinna Trade Private Limited before becoming Tinna Trade Limited in 2015.

Under the guidance of Promoter Director Gaurav Sekhri, TTL actively engages in trading a diverse range of Agri and Non-Agri products, notably dealing in pulses like yellow peas, green peas, chickpeas, lentils, and grains such as wheat, maize, and barley. Additionally, they trade in oilseeds, edible oils, proteins, and steel abrasives, establishing a significant presence in the agricultural business. Recognized for its exceptional performance, TTL earned the distinction of being the second fastest-growing mid-sized company in India by INC.500 in 2012. TTL operates with a dedicated team of professionals strategically positioned in Delhi, Mumbai, Kolkata, Vishakhapatnam, and Tuticorin.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 76.12 crore, showcasing an impressive 99% Year-over-Year (YoY) increase compared to the same quarter in the previous year when the revenue stood at Rs 38.19 crore. The company’s operating profit for the quarter was Rs 0.64 crore, up from an operating profit of Rs 0.34 crore in the corresponding quarter of the previous year. Shifting our focus to the company’s reported net profit of Rs 0.03 crore, reflecting a significant improvement from a net loss of Rs 0.66 crore in the same period last year.

Regarding ownership structure, promoters hold 73.81% of the company, the Government holds 0.33%, and public investors own the remaining 25.86% according to the latest update.

Stock Price Chart (Daily 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.

[AngelOne]

Stock of the day: KPT Industries zooms 20% and hits the upper circuit

Shares of the company have generated an impressive return of over 600% during the past three years.

KPT Industries Limited manufactures electric power tools, spare parts, control motors, blowers, various engineering products, and e-vehicles. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the stock opened at Rs 438.40 per share, marking a 2.6% increase compared to the previous day’s closing price of Rs 424.40 per share on the BSE. As of the time of writing this article, the stock is currently trading at Rs 512.85 per share, representing an impressive 20% gain from its previous closing price. It has reached the upper circuit price limit of 20%, which indicates robust demand in the market, as there are no sellers willing to sell their shares at the current price.

The company’s current market capitalisation stands at Rs 174.37 crore, and the stock has generated a return of 130% during the past year and an impressive multibagger return of 676% in the last three years.

Stocks’s trading and delivery data

Business Overview

KPT Industries Limited, previously known as Kulkarni Power Tools Limited, operates its factory in Shirol, Dist. Kolhapur is situated in Southwestern Maharashtra. This advanced facility manufactures electric power tools, spare parts, control motors, blowers, and various engineering products.

The company’s product range includes professional electric power tools for metal, wood, and concrete, along with the innovative Shakti power tools catered to artisans, addressing everyday needs. Additionally, the company offers garden tools and blowers for pneumatic conveying systems, power plants, steel, and effluent water treatment, demonstrating expertise acquired over decades.

One of the recent introductions from KPT Industries is the ‘Pushpak’ E-Cart, designed for carrying and disposing of garbage. This battery-operated cart serves as a solution in today’s era, focusing on conservation amid declining energy resources.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 37.40 crore, demonstrating a flat growth compared to the same quarter in the previous year when the revenue stood at Rs 37.36 crore. The company’s operating profit for the quarter was Rs 5.71 crore, an increase from an operating profit of Rs 4.77 crore in the corresponding quarter of the previous year. Shifting the focus to the company’s reported net profit of Rs 2.96 crore, it reflects a YoY improvement from a net profit of Rs 2.36 crore in the same period last year.

Regarding the ownership structure, promoters hold 48.22% of the company, while DIIs hold 0.01%, and public investors own the remaining 51.77% according to the latest update.

Stock Price Chart (Daily 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.

[AngelOne]

Stock of the day: Eimco Elecon India jumps 10% and hits the upper circuit

The company’s stock has generated an impressive multibagger return of over 260% during the past year.

Eimco Elecon (India) Limited is engaged in the manufacturing and promotion of machinery designed for use in both underground and open-cast mining operations. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the stock opened at Rs 1488.95 per share, marking a 3% increase compared to the previous day’s closing price of Rs 1444.80 per share on the BSE. As of the time of writing this article, the stock is currently trading at Rs 1589.25 per share, representing an impressive 10% gain from its previous closing price. It has reached the upper circuit price limit of 10%, which indicates robust demand in the market, as there are no sellers willing to sell their shares at the current price.

The company’s current market capitalization stands at Rs 917 crore, and the stock has generated a return of 263% during the past year and an impressive multibagger return of 378% in the last three years.

Stocks’s trading and delivery data

Business Overview

Eimco Elecon (India) Limited, an India-based company, primarily focuses on manufacturing equipment for the mining and construction sectors. Its product line includes various machinery for underground coal mining and construction purposes. The company’s offerings cater to a diverse range of applications, encompassing coal mining, metal mining, construction equipment, foundation equipment, and underground transport systems.

The extensive product range consists of items such as Air Motors, Load Haul Dumpers, low-profile Dump Trucks, Coal Haulers, Side Dump Loaders, Universal Drill Machines, Rocker Shovel Loaders, Hopper Loaders, Articulated Wheel Loaders, Continuous Miner Packages, Drill Machines, Piling Rigs, and Chair Lift Man Riding Systems. The company’s manufacturing facility is situated in Vallabh Vidyanagar, Gujarat.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 51 crore, showcasing significant growth compared to the same quarter in the previous year, during which the revenue stood at Rs 37 crore. The company achieved an operating profit of Rs 13 crore for the quarter, marking an increase from an operating profit of Rs 6 crore in the corresponding quarter of the previous year. Turning attention to the company’s reported net profit of Rs 12 crore, it reflects a YoY improvement from a net profit of Rs 7 crore in the same period last year.

Regarding the ownership structure, promoters hold 74.06% of the company, while public investors own the remaining 25.94% according to the latest update.

Stock Price Chart (Daily 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.

[AngelOne]

Stock of the day: Panasonic Energy India jumps 10% and hits the upper circuit

The company’s stock has generated an impressive multibagger return of over 110% during the past three years.

Panasonic Energy India Company Limited manufactures dry cell batteries and lighting products as part of Panasonic Corporation’s business operations. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the stock opened at Rs 392 per share, marking a 1.93% increase compared to the previous day’s closing price of Rs 384.55 per share on the BSE. As of the time of writing this article, the stock is currently at Rs 423 per share, representing an impressive 10% gain from its previous closing price. It has reached the upper circuit price limit of 10%, which indicates robust demand in the market, as there are no sellers willing to sell their shares at the current price.

The current market capitalisation of the company stands at Rs 317 crore, and the stock has generated a return of 63% during the past year and an impressive multibagger return of 111% in the last three years.

Business Overview

Panasonic Energy India Company Limited, formerly known as Lakhanpal National Limited since its inception in 1972, stands as one of India’s major manufacturers and providers of dry cell batteries and lighting solutions. Based in Vadodara, Gujarat, the company is an integral component of the esteemed Panasonic Corporation, a global leader renowned for producing audio-visual equipment, home appliances, electronic components, automotive electronics, and environmental systems.

The company is a prominent manufacturer and distributor specializing in Zinc carbon, Alkaline, Lithium, and Rechargeable batteries along with a diverse range of lighting products. With an extensive and well-established sales network encompassing two cutting-edge manufacturing units, advanced technological facilities, distribution centers, numerous stockists, and a vast array of retailers throughout India. The company stands as a trailblazer in introducing pioneering advancements such as Metal Jacketed Dry battery technology, high-performance pencil batteries, Zinc-Chloride technology, and eco-friendly battery solutions within India.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 68.36 crore, showcasing a moderate growth of 3.33% compared to the same quarter in the previous year, during which the revenue stood at Rs 66.16 crore. The company achieved an operating profit of Rs 4.87 crore for the quarter, marking an increase of 890% from an operating profit of Rs 0.49 crore in the corresponding quarter of the previous year. The company’s operating profit stood at 7.12% during the quarter. The company’s reported net profit of Rs 3.46 crore reflects an improvement from a net loss of Rs 5.14 crore in the same period last year.

Regarding the ownership structure, promoters hold 58.05% of the company, while public investors own the remaining 41.95% according to the latest update.

Stock Price Chart (Weekly 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.

[rishitdedhia]

Aarvi Encon jumps 20% and hits the upper circuit

Aarvi Encon Limited operates as a technical manpower supplier. The company specializes in delivering both permanent and temporary workforce solutions across diverse industries. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the Aarvi Encon stock opened at Rs 130 per share, marking a 9.93% increase compared to the previous day’s closing price of Rs 118.25 per share on the NSE. As of the time of writing this article, the stock is currently at Rs 141.90 per share, representing an impressive 20% gain from its previous closing price. It has reached the upper circuit price limit of 20%, which indicates robust demand in the market, as there are no sellers willing to sell their shares at the current price.

The current market capitalisation of the company stands at Rs 209 crore, and the stock has generated a return of 14% during the last three months.

Business Overview

Aarvi Encon Limited, headquartered in India, operates as a technical manpower supplier. The company specializes in delivering both permanent and temporary workforce solutions across diverse industries. Its services encompass technical staffing solutions and the provision of skilled engineers in fields such as electrical instrumentation services, erection and commissioning, operation and maintenance, instrument calibration, plant shutdown, equipment services, and support for original equipment manufacturers (OEMs).

Furthermore, it offers temporary staffing services to a broad spectrum of industries, including engineering, procurement, and construction (EPC) firms, power plants, oil and gas refineries, chemicals and petrochemicals, construction, infrastructure projects, and renewable energy sectors. The company also extends various engineering services to international projects, notably in the UAE and Saudi Arabia. Aarvi Encon Limited operates through its subsidiaries, namely Aarvi Encon FZE, Aarvi Engineering and Consultancy Private Limited, and Aarvi Encon Resources Limited.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 102.29 crore, marking a decline of 9.20% compared to the same quarter in the previous year when the revenue stood at Rs 112.65 crore. The company achieved an operating profit of Rs 3.18 crore for the quarter, in contrast to an operating profit of Rs 5.41 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 3.11% during the quarter. The company reported a net profit of Rs 2.61 crore compared to a net profit of Rs 5.14 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) stands at 17.5%, while its Return on Equity (ROE) is at 15%. Additionally, the shares of the company are trading at a Price-to-Earnings (P/E) ratio of 17.4 in the markets.

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]

Sar Televenture jumps 20% and hits the upper circuit

SAR Televenture Limited, headquartered in India, specializes in leasing 4G and 5G towers to telecommunications companies. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the Sar Televenture stock opened at Rs 146.95 per share, marking a 5.7% increase compared to the previous day’s closing price of Rs 139.05 per share on the NSE. As of the time of writing this article, the stock is currently at Rs 166.85 per share, representing an impressive 20% gain from its previous closing price. It has reached the upper circuit price limit of 20%, which indicates robust demand in the market, as there are no sellers willing to sell their shares at the current price.

The company’s current market capitalisation stands at Rs 250 crore, and its stock recently debuted in the Indian market on November 8, 2023, experiencing an impressive multibagger return of over 200% over its final issue price of Rs 55 per share.

Business Overview

SAR Televenture Limited, headquartered in India, specializes in leasing fourth-generation (4G) and fifth-generation (5G) towers to telecommunications companies. The company engages in the construction of these towers, subsequently leasing them to telecom firms. It also operates internationally in Myanmar and holds ABSA Innovations as a subsidiary within the telecom sector. Its diverse projects encompass EMF & VSWR Testing, BTS and Microwave installations, installation of RF and MW Antennae, alignment of antennas to specified standards, addition of 4th sector, implementation of FTTH and WIFI networks, operational management of Active Networks, RF & LOS Surveys, offering solutions for dismantling services related to M/W, GSM antennas, and BTS, logistical solutions for material SRN, and laying and maintenance of OFC (Optical Fiber Cable).

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 35.78 crore, marking an impressive growth of over 1021% compared to the same quarter in the previous year when the revenue stood at Rs 3.19 crore. The company achieved an operating profit of Rs 5.20 crore for the quarter, in contrast to an operating profit of Rs 0.72 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 14.5% during the quarter. The company reported a net profit of Rs 4.06 crore compared to a net profit of Rs 0.14 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) stands at 40%, while its Return on Equity (ROE) is at 66%. Additionally, the shares of the company are trading at a Price-to-Earnings (P/E) ratio of 33 in the markets.

Stock Price Chart (2 Hour 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]

Bhartiya International jumps 20% and hits the upper circuit

Bhartiya International Limited is engaged in the business of manufacturing and trading leather and textile products. The company witnessed a substantial surge in its share price today.

At the beginning of the day, the Bhartiya International stock opened at Rs 240.30 per share, marking an around 1% increase compared to the previous day’s closing price of Rs 238.90 per share on the NSE. Finally, the stock concluded the day at Rs 286.65 per share, representing an impressive 20% gain from its previous closing price. It has reached the upper circuit price limit of 20%, which indicates robust demand in the market.

The company’s current market capitalisation stands at Rs 350 crore, and the stock has generated a return of 33% during the past one year and an impressive 100% return in the last three years.

Business Overview

Bhartiya International Limited, an India-based company, focuses on manufacturing and trading leather and textile products. Its operations revolve around the Fashion apparel and Accessories segment, encompassing leather goods, textile items, and intermediaries. The company’s fashion line comprises leather outerwear, accessories, and textile apparel, as well as services in leather finishing and design. With manufacturing facilities located in Bangalore and Chennai, the company maintains a global presence, with design studios in Italy and manufacturing infrastructure established in India and China.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 227.65 crore, a decline of 2.60% compared to the same quarter in the previous year when the revenue stood at Rs 233.72 crore. The company achieved an operating profit of Rs 25.85 crore for the quarter, in contrast to an operating profit of Rs 27.06 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 11.36% during the quarter. The company reported a net profit of Rs 5.58 crore compared to a net profit of Rs 9.73 crore in the same period last year.

The company’s Return on Capital Employed (ROCE) stands at 13.4%, while its Return on Equity (ROE) is at 17.6%. Additionally, the shares of the company are trading at a Price-to-Earnings (P/E) ratio of 6 in the markets.

Stock Price Chart (Daily)

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]

Sangam India jumps 20% and hits the upper circuit

Sangam (India) Limited is engaged in the manufacturing and sale of synthetic blended yarn, cotton, texturized yarn, fabrics, denim fabrics, and ready-made seamless garments. The company witnessed a substantial surge in its share price today.

At the start of the day’s trading session, the stock opened at Rs 317.90 per share, indicating an approximate 1.3% increase compared to the previous day’s closing figure of Rs 313.80 per share on the BSE. As of the time of writing this article, the shares are currently trading at Rs 376.55 per share on the BSE. 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.

Furthermore, the company’s stock is presently trading slightly below its all-time high price of Rs 423 per share, representing approximately an 11% decrease from the all-time high.

The company’s current market capitalisation stands at Rs 1,892 crore, and the stock has generated a return of 44% during the past one year and an impressive 586% return in the last three years.

Business Overview

Sangam (India) Limited, an Indian textile company is engaged in the manufacturing of various yarn types such as polyester viscose dyed yarn, cotton, and open-end yarn. Additionally, it produces ready-to-stitch fabric. The company’s primary focus revolves around manufacturing and selling synthetic blended textiles, cotton, texturized yarn, fabrics, denim fabrics, and seamless readymade garments.

Sangam operates through distinct divisions: Yarn, Fabric, Garment, and Denim. The company’s flagship brands are Sangam Suiting and Sangam Denim. Its manufacturing facilities are located in Atun, Biliya Kalan, and Sareri in the Bhilwara district, as well as Soniyana in the Chittorgarh district of Rajasthan.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 629 crore, a decline of 11.36% compared to the same quarter in the previous year when the revenue stood at Rs 709 crore. The company achieved an operating profit of Rs 46 crore for the quarter, in contrast to an operating profit of Rs 79 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 7% during the quarter. The company reported a net profit of Rs 11 crore compared to a net profit of Rs 30 crore in the same period last year. Whether in the top line or the bottom line, the company’s financials have degraded.

The company’s Return on Capital Employed (ROCE) stands at 15.5%, while its Return on Equity (ROE) is at 18.6%. Additionally, the shares of the company are trading at a Price-to-Earnings (P/E) ratio of 20.6 in the markets.

Stock Price Chart (Weekly)

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]

National Fittings jumps 20% and hits the upper circuit

National Fittings Limited is a manufacturer involved in producing spheroidal graphite pipe fittings, stainless steel fittings, and stainless-steel ball valves. The company experienced a significant surge in its share price today.

At the start of the day’s trading session, the National Fittings stock opened at Rs 126 per share, indicating an approximate 3.9% increase compared to the previous day’s closing figure of Rs 121.25 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 145.50 per share on the BSE. 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.

Furthermore, the company’s stock is presently trading below its all-time high price of Rs 285 per share, representing approximately a 51% decrease from the all-time high.

The company’s current market capitalisation stands at Rs 132 crore, and the stock has generated a return of 141% during the past year and an impressive 254% return in the last three years.

Business Overview

Incorporated in 1993, National Fittings Limited is a manufacturer involved in spheroidal graphite pipe fittings, stainless steel fittings, and stainless-steel ball valves. The company holds an ISO certification and primarily focuses on exporting high-quality piping components and pumps for various industrial and non-industrial applications. Operating numerous foundries, including an investment casting foundry utilizing the lost wax process, it serves as the exclusive supply source for all its casting needs.

The company predominantly exports its products to the Middle East and caters to markets in the United States of America, Europe, South America, and Australia. Their product range includes Grooved Pipe Fittings, Screwed Pipe Fittings, Valves, and Pumps.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 20.90 crore, a decline of 14.76% compared to the same quarter in the previous year when the revenue stood at Rs 24.52 crore. The company achieved an operating profit of Rs 3.48 crore for the quarter, in contrast to an operating profit of Rs 1.97 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 16.65% during the quarter. The company reported a net profit of Rs 1.90 crore compared to a net profit of Rs 1.26 crore in the same period last year.

The company’s Return on Capital Employed stands at 10.4%, while its Return on Equity is at 8.3%. Additionally, the shares of the company are trading at a Price-to-Earnings ratio of 25.5 in the markets.

Stock Price Chart (Daily)

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]

Adani Total Gas jumps 20% and hits the upper circuit

Subtitle: The company’s shares have delivered an impressive return of 91% to their shareholders in a month.

Adani Total Gas Limited operates within the City Gas Distribution (CGD) business, providing natural gas to domestic, commercial, industrial, and vehicle users. The company experienced a significant surge in its share price today.

At the start of the day’s trading session, the stock opened at Rs 917.75 per share, indicating an approximate 4.5% increase compared to the previous day’s closing figure of Rs 878.20 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1053.80 per share on the BSE. 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 capitalisation stands at Rs 1,15,887 crore, and the stock has generated a return of 91% during the past month and an impressive 900% return in the last five years.

Business Overview

Adani Total Gas Limited, an India-based company in the city gas distribution sector, focuses on the sales and distribution of natural gas. The company specialises in establishing city gas distribution networks to supply piped natural gas to industrial, commercial, and residential customers, while also providing compressed natural gas for the transport sector. Operating across approximately 33 geographical areas, including Gujarat, Haryana, Karnataka, Tamil Nadu, Odisha, and Rajasthan, the company’s services extend widely.

Moreover, their e-mobility division concentrates on developing electric vehicle charging infrastructure throughout the nation, catering to various transport segments such as buses, 4W cars, taxis, and commercial applications of 3W and 2W vehicles. Additionally, the company is expanding its biomass sector by establishing compressed biogas processing plants across the country, utilising multiple feedstocks such as agricultural waste and municipal solid waste.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 1,096 crore, a decline of 1.78% compared to the same quarter in the previous year when the revenue stood at Rs 1,116 crore. The company achieved an operating profit of Rs 280 crore for the quarter, in contrast to an operating profit of Rs 226 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 26% during the quarter. The company reported a net profit of Rs 173 crore compared to a net profit of Rs 160 crore in the same period last year.

The company’s Return on Capital Employed stands at 20.7%, while its Return on Equity is at 20.4%. Additionally, the shares of the company are trading at a Price-to-Earnings ratio of 203 times in the markets.

Stock Price Chart (Daily)

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.

[AngelOne]

Srivasavi Adhesive Tapes jumps 20% and hits the upper circuit

The company’s shares have delivered an impressive return of 105% to their shareholders in the last six months.

Srivasavi Adhesive Tapes Limited provides solutions for pressure-sensitive specialty adhesive tapes and die-cuts across various industrial applications. Today, the company experienced a significant surge in its share price.

At the start of the day’s trading session, the stock opened at Rs 139 per share, indicating an approximate 1% increase compared to the previous day’s closing figure of Rs 138 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 165.60 per share on the BSE. 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 capitalisation stands at Rs 234 crore, and the stock has generated an impressive return of 105% during the past six months.

Business Overview

Srivasavi Adhesive Tapes Limited is an India-based company that provides solutions for pressure-sensitive specialty adhesive tapes and die-cuts across various industrial applications. Its specialty solutions are crafted from various carrier materials such as film, foil, foam, fabric, paper, and more. The company manufactures and sells pressure-sensitive adhesive tape (PSA) tapes and related products serving diverse industrial segments including railway and metro, solar and windmill energy, space, and aviation, electrical and electronics, defence, automotive, print and paper, specialty packaging, white goods, heat tracing, optical lenses, and more.

The company’s product range comprises adhesive tapes, specialty tapes, double-sided foam tapes, adhesive tape die cuts, specialty foam tapes, polyurethane foam, crepe paper masking tapes, foam die cuts, automotive foam tapes, masking tapes, biaxially oriented polypropylene (BOPP) tapes, and rubber adhesive BOPP tapes.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 40 crore, registered a growth of 31% compared to the same quarter in the previous year when the revenue stood at Rs 30.57 crore. The company achieved an operating profit of Rs 4.18 crore for the quarter, in contrast to an operating profit of Rs 2.67 crore in the corresponding quarter of the previous year. The company’s operating profit margin stood at 10.43% during the quarter. The company reported a net profit of Rs 2.75 crore compared to a net profit of Rs 1.81 crore in the same period last year.

The company’s Return on Capital Employed stands at 23%, while its Return on Equity is at 18%. Additionally, the shares of the company are trading at a Price-to-Earnings ratio of 51.5 times in the markets.

Stock Price Chart (Weekly)

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.

[AngelOne]

KIOCL jumps 10% and hits the upper circuit today

The company’s shares have delivered an impressive return of 95% to their shareholders in the last six months.

KIOCL is a flagship company under the Ministry of Steel, Government of India, holding “Miniratna” status. It operates as an export-oriented unit, specializing in iron ore mining, filtration technology, and the production of high-quality pellets. Today, the company experienced a significant surge in its share price.

At the start of the day’s trading session, the KIOCL stock opened at Rs 367.95 per share, indicating an approximate 7.7% increase compared to the previous day’s closing figure of Rs 341.75 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 375.90 per share on the BSE. 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 capitalisation stands at Rs 22,845 crore, and the stock has generated an impressive return of 82% during the past year and a 204% return in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

KIOCL Limited, headquartered in India, focuses primarily on iron ore mining, beneficiation, and the production of high-quality Pellets. Additionally, the company has expanded its operations to include maintenance services (O&M) and mineral exploration within its core areas of expertise. Its product range comprises iron ore pellets and pig iron castings. The services offered involve O&M projects, including the management of Beneficiation and Pellet Plants at Donimalai, the Chrome Ore Beneficiation Plant (COB) at Kaliapani, and mineral exploration activities. The company’s pellets have found application in blast furnaces across various steel mills in countries such as Australia, China, Japan, Taiwan, Turkey, and several others. Moreover, these pellets have been utilized in steel plants in Hungary, Yugoslavia, the United States of America, West Germany, Poland, Czechoslovakia, and Indonesia, as well as in certain direct reduction plants within India.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 431 crore, marking an impressive growth of 179% compared to the same quarter in the previous year when the revenue stood at Rs 154 crore. The company incurred an operating loss of Rs 19 crore for the quarter, contrasting with an operating profit of Rs 114 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net loss of Rs 21 crore compared to a net loss of Rs 102 crore in the same period last year. However, it’s worth noting that the net profit narrowed in the recent quarter, which is a positive signal.

In terms of ownership, the Promoter holds 99%, which represents the President of India or the Government of India. DIIs hold 0.13%, while the remaining 0.84% is held by public investors, according to the most recent update.

Stock Price Chart (Daily)

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.