Stock of the day | Angel One

rishitdedhia · November 13, 2023, 6:29am

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):

rishitdedhia · November 15, 2023, 6:57am

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):

rishitdedhia · November 16, 2023, 5:37am

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):

rishitdedhia · November 17, 2023, 6:16am

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):

AngelOne · November 20, 2023, 6:25am

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 · November 20, 2023, 6:25am

AngelOne · November 21, 2023, 8:08am

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 · November 22, 2023, 7:51am

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 · November 23, 2023, 7:54am

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 · November 24, 2023, 6:01am

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.

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.

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.

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 · November 28, 2023, 6:37am

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 · November 29, 2023, 5:13am

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)

rishitdedhia · November 30, 2023, 6:40am

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)