Stock of the day | Angel One

[AngelOne]

02 Jan - Bedmutha Industries jumps 10% and hits the upper circuit today

Bedmutha Industries is a leading manufacturer and exporter of wire rope, tyre bead wire, galvanized wires, among other types. It is also involved in EPC projects and a consultancy division. Today, the company experienced a significant surge in its share price.

At the start of the day’s trading session, the Bedmutha industries stock opened at Rs 194 per share, indicating an approximate 3.19% increase compared to the previous day’s closing figure of Rs 188 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 206.80 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 667 crore, and the stock has generated an impressive return of 235% during the past one year and around 642% return in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

Bedmutha Industries Limited is an India-based company that manufactures and exports various products including wire rope, tire bead wire, galvanized wire, galvanized patented wire, phosphate patented wire, HC wire for ropes, spring wire, ACSR core wire, cable armoring wire, earth wire, stay wire, barbed wire, and others. Among its copper products are copper rods, copper wire rods (OFC), rectangular copper strips, and more. Additionally, it produces oxygen-free copper wire rods (8-30 mm) using the upcast method, copper bus bars up to 320 mm in width, and copper foils ranging from 32 microns to two mm in thickness and up to 320 mm in width.

The Company operates through segments including Steel, Copper, Consultancy, Windmill, and EPC Projects. Its plant has a wire drawing capacity of approximately 12,000 tons/month, a galvanizing capacity of 7,000 tons/month, and a patenting capacity of 3,000 tons/month. It exports its products to various European countries, South Korea, the Gulf Cooperation Council (GCC) Countries (Middle East), Australia, the United States, Africa, and Asia.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 199.05 crore, reflecting a growth of 18.30% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 168.24 crore. The company posted an operating profit of Rs 8.5 crore for the quarter, in contrast to an operating profit of Rs 0.70 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 3.98 crore, compared to a net loss of Rs 1.22 crore in the same period last year. The company’s ROCE and ROE ratios are 12.9% and 13.5% respectively, while the stock is trading at a PE of 38.4 times in the market.

The Promoter holds 57.05% ownership in the company. Neither the FIIs nor the DIIs hold any stake, while the remaining 42.96% is owned by public investors, according to the most recent update.

Stock Price Chart

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]

Mukul Agrawal’s Strategic Move: 6,00,000 Shares of Prakash Pipes Purchase

Mukul Agrawal makes a strategic investment move by acquiring 6,00,000 shares of Prakash Pipes Ltd. Explore the implications of this significant investment in this insightful report.

The stock has delivered exceptional performance, witnessing a staggering 140% surge in the last year. From its 52-week low, the stock has skyrocketed over 200%, establishing itself as a true multibagger stock in the market.

Introduction:

In the dynamic world of stock markets, Thursday witnessed an intriguing rally with the Nifty experiencing a pro-gap, trading near the day’s high, and boasting gains of nearly 0.58%. What caught the attention of investors was the broad-based participation across various sectors, led by Nifty Realty, which soared over 5%. Amidst this bullish scenario, one small-cap stock that stood out was Prakash Pipes Ltd, surging by almost 4% and trading near Rs 409 per share. The question that arises is, why did this particular stock attract such attention on Thursday?

Behind the Buzz:

A closer look reveals that the small-cap maestro, Mukul Mahavir Agrawal, made waves in December 2023 when his name appeared in Prakash Pipes Ltd’s shareholding. Holding 2.51% of the company’s shares, Agrawal’s stake translates to a substantial 6,00,000 shares. Another notable investor, Dolly Khanna, holds 7,51,451 shares, representing 3.14% of the company’s shares. This influential backing has undoubtedly played a role in the recent buzz surrounding Prakash Pipes Ltd.

Company Overview:

Prakash Pipes Ltd, founded in 1980, has earned its stripes as a pioneer in the manufacturing industry, particularly in PVC pipes & fittings and flexible packaging. The company has consistently demonstrated an innovative outlook with a strong commitment to quality and customer satisfaction. Over the years, it has built a robust brand reputation, fostering trust among customers and influencing their purchasing decisions.

Product Portfolio:

Prakash Pipes has emerged as a key player in North India, offering a diverse product portfolio that includes Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, and Garden Pipes. These cater to various applications in irrigation, drainage, housing, and sanitation. Expanding its horizons into the flexible packaging industry, the company has become the fastest-growing in India. With state-of-the-art manufacturing facilities, advanced printing capabilities, and a team of innovative professionals, Prakash Pipes delivers high-performance barrier films and laminates for packaging applications across FMCG, food, beverage, oil, personal care, infrastructure, and pharmaceuticals.

Impressive Performance:

Prakash Pipes Ltd has delivered exceptional performance, witnessing a staggering 140% surge in the last year. From its 52-week low, the stock has skyrocketed over 200%, establishing itself as a true multibagger stock in the market.

Conclusion:

As the market continues to evolve, small-cap gems like Prakash Pipes Ltd prove that diligent management, a strong product portfolio, and influential investor backing can propel a company to new heights. The recent surge in its stock price and the backing from prominent investors signal a promising future for Prakash Pipes Ltd in the competitive landscape of the stock market. Investors and enthusiasts alike will undoubtedly keep a close eye on this small-cap star as it continues to shine brightly in the market.

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]

Pramara Promotions jumps 20% and hits the upper circuit today

The company’s shares have delivered an impressive return of over 87% to their shareholders over its IPO issue price of Rs 63 per share.

Pramara Promotions Limited is engaged in the business of ideation, conceptualisation, designing, manufacturing, and marketing of promotional products and gift items. 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 100 per share, indicating an approximate 2.04% increase compared to the previous day’s closing figure of Rs 98 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 117.60 per share on the NSE. 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 106 crore, and the stock has generated a return of 11% in one month and around 32% return in the past three months.

Trading and Delivery Volumes (Daily):

Business Overview

Pramara Promotions Limited is an India-based company that operates as a promotional marketing agency. The company serves as a supplier and manufacturer of promotional toys, promotional merchandise, and corporate gifts. It assists consumer brands in connecting by providing beginning-to-end solutions in trade and consumer premiums, brand partnerships, character licensing, promotional merchandise, and gifting solutions. This includes interest in loyalty programs, e-commerce solutions, and experiential rewards. Pramara’s factory is located in Daman, situated on the western coast of India.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 21.26 crore, reflecting a growth of 27.5% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 16.67 crore. The company posted an operating profit of Rs 0.74 crore for the quarter, in contrast to an operating profit of Rs 0.21 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 0.70 crore, compared to a net profit of Rs 0.21 crore in the same period last year. The company’s net profit has significantly grown around 233% YoY this quarter. The company’s ROCE and ROE ratios are 13.9% and 15% respectively, while the stock is trading at a PE of 47.6 times in the market.

In terms of ownership, the Promoter holds 69.81%. The DIIs hold 2.26%, while the remaining 27.94% is held by public investors, as per 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.

[AngelOne]

POCL jumps 20% and hits the upper circuit today

The company’s shares have delivered a remarkable return of over 380% to their shareholders in the past three years.

POCL is involved in the production of Lead, Lead Alloys, and PVC additives. 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 539 per share, indicating an approximate 3.60% increase compared to the previous day’s closing figure of Rs 520.15 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 624.15 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 725.60 crore, and the stock has generated a return of 43% in one month and around 72% return in the past year.

Trading and Delivery Volumes (Daily):

Business Overview

Pondy Oxides and Chemicals Limited is an India-based company engaged in producing lead, lead alloys, and plastic additives. The principal activities of the Company involve converting lead scraps of various forms into lead metal and alloys. The Company carries out the smelting of lead battery scrap to produce secondary lead metal, which is further refined into pure lead and specific lead alloys. Additionally, the Company manufactures Zinc metal and Zinc Oxide. Its products encompass lead, tin, aluminium, copper, and plastic. Among the lead products are lead alloys, master alloys, and babbit alloys. The lead alloys consist of calcium alloys, antimony alloys, and high antimony alloys. The produced lead finds application in radiation shielding, ammunition, roofing sheets, extruded products, and serves as solder in the electronics, plumbing, and automotive industries. The company exports its products to international customers, primarily in the Asian region, including Japan, South Korea, Thailand, and the Middle East.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 396.83 crore, reflecting a growth of 32% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 301.14 crore. The company posted an operating profit of Rs 15.79 crore for the quarter, in contrast to an operating profit of Rs 17.55 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 5.69 crore, compared to a net profit of Rs 11.76 crore in the same period last year.

In terms of ownership, the Promoter holds 48.88%. The FIIs hold 0.01%, while the remaining 51.11% is held by public investors, as per 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.

[AngelOne]

RBZ Jewellers jumps 20% and hits the upper circuit today

The company’s shares have delivered an impressive return of over 76% to their shareholders over its listing price.

RBZ Jewellers is an India-based gold jewellery manufacturer that specializes in antique jewellery. The company was incorporated in April 2008. 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 169.95 per share, indicating an approximate 16% increase compared to the previous day’s closing figure of Rs 146.60 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 175.90 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 704 crore, and the stock has generated a return of 76% over its listing price of Rs 100 per share.

Trading and Delivery Volumes (Daily):

Business Overview

RBZ Jewellers Limited is an India-based manufacturer of gold jewellery, specialising in antique gold pieces, distributed to nationwide retailers and regional players in India. The company sells and trades it’s manufactured and traded jewellery, along with other accessories/products, through a wholesale and retail network.

It designs and manufactures a range of antique gold jewellery, encompassing jadau, Meena, and Kundan work, which it sells wholesale and retail additionally, the company processes and supplies antique gold jewellery on a job-work basis to national retailers.

In the wholesale business, its customer base includes reputed national, regional, and local family jewellers spread across 20 states and 72 cities within India. RBZ Jewellers Limited offers jewellery suitable for bridal, occasional, and daily wear at various price ranges in its retail showroom.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 125 crore. The company posted an operating profit of Rs 22 crore for the quarter, with operating profit margins standing at 17%. Furthermore, the company reported a net profit of Rs 12 crore, with net profit margins standing at 9.6% during the quarter.

The company’s ROCE (Return on Capital Employed) and ROE (Return on Equity) are at 23.6% and 27.5%, respectively. Additionally, the stocks are trading at a PE (Price-to-Earnings) ratio of 31.4 times in the market.

In terms of ownership, the Promoter holds 75%. The FIIs and DIIs hold 4.59% and 4.16% respectively, while the remaining 16.25% is held by public investors, as per the most recent 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]

Motisons Jewellers jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of over 90% to their shareholders over its listing price.

Motisons Jewellers Ltd sells gold, diamond, and kundan jewellery, as well as other jewellery products. The company also sells pearls, silver, platinum, and other metals. 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 201.84 per share, indicating an approximate 9.11% increase compared to the previous day’s closing figure of Rs 184.98 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 203.47 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 2003 crore, and the stock has generated a return of 90% over its listing price of Rs 109 per share.

Trading and Delivery Volumes (Daily):

Business Overview

Motisons Jewellers Ltd is an India-based jewellery retailer. The company’s jewellery business includes the sale of gold, diamond, kundan jewellery, and other products such as pearl, silver, platinum, precious and semi-precious stones, and other metals. Its additional offerings encompass gold and silver coins, utensils, and other artifacts. In addition to selling products at its showrooms, the company also offers its products online. The product profile comprises traditional, contemporary, and combination designs across jewellery lines for special occasions like weddings and festivals, as well as daily wear jewellery for all ages, genders, and various price points. The offerings span gold jewellery, diamond jewellery, and other silverware, ranging from handmade Indian ethnic designs to cutting-edge styles for the urban world. With a product portfolio of over 300,000 jewellery designs, including a variety of gold, diamond, and other jewellery products, Motisons Jewellers Ltd caters to a diverse range of preferences.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 86.73 crore. The company posted an operating profit of Rs 12.58 crore for the quarter, with the operating profit margin standing at 14.50%. Furthermore, the company reported a net profit of Rs 5.84 crore with a net profit margin of around 7% during the quarter.

The company’s ROCE and ROE are 16.5% and 17.6%, respectively, while the stocks are trading at a PE of 90 times in the market.

In terms of ownership, the Promoter holds 66%. The FIIs and DIIs hold 7.47% and 0.46% respectively, while the remaining 26.08% is held by public investors, as per the most recent update.

Stock Price Chart (Hourly)

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]

Century Extrusions jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of over 147% to their shareholders in the past one year.

Century Extrusions Limited manufactures Aluminium Extruded Products and Power Transmission and Distribution Line Hardware. 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 22.94 per share, indicating an approximate 3.3% increase compared to the previous day’s closing figure of Rs 22.20 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 24.42 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 195 crore, and the stock has generated a return of 147% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Century Extrusions Limited is an India-based aluminium extrusion manufacturer. The company operates through two segments: manufacturing of Aluminium Extruded Products and manufacturing of Transmission and Distribution Line Hardware. It manufactures extruded products for various applications, such as profiles for architectural applications like building systems, structural glazing, curtain walls, aluminium rolling shutters, drapery rods, and modular furniture, among others. Additionally, it produces profiles for aluminium formwork, road transport sections, rail coach windows and doors, automobile components, heat transfer in electronics and electrical gadgets, electrical applications, and various defence applications. The company has manufacturing facilities for casting aluminium alloys, producing extruded products in aluminium and its alloys, wire drawing, and electric arc welding, among other processes.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 95.67 crore, reflecting a decline of a mere 0.25% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 95.91 crore. The company posted an operating profit of Rs 6.13 crore for the quarter, in contrast to an operating profit of Rs 5.19 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 2.33 crore, compared to a net profit of Rs 1.54 crore in the same period last year. Moreover, the company’s net profit grew by 51% YoY during the quarter.

In terms of ownership, the Promoter holds 52.04%. The FIIs hold 0.36%, while the remaining 47.61% is held by public investors, as per 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.

[AngelOne]

Wipro jumps 10% and hits the upper circuit in the early morning session

The company announced its December quarter results on Friday after market closing, and following this, the stock opened a gap up in today’s trading session.

Wipro Ltd is a global information technology, consulting, and business process services company. It is the fourth-largest Indian player in the global IT services industry, following TCS, Infosys, and HCL Technologies. 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 511.95 per share, indicating an approximate 10% increase compared to the previous day’s closing figure of Rs 465.45 per share on the BSE. As of writing this article, the shares are currently at Rs 511.95 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 2,67,461 crore, and the stock has generated a return of 30% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Wipro Limited is a technology services and consulting company. The company operates through two segments: Information Technology (IT) Services and IT Products. The IT Services segment provides a range of IT and IT-enabled services, including digital strategy advisory, customer-centric design, technology consulting, IT consulting, custom application design, re-engineering and maintenance, systems integration, package implementation, cloud and infrastructure services, business process services, cloud, mobility, and analytics services, as well as research and development, and hardware and software design. The IT Products segment offers a range of third-party IT products, allowing it to provide IT system integration services. These include computing, platforms and storage, networking solutions, and software products. Wipro’s services include Applications, Artificial Intelligence, Business Processes, Cloud, Consulting, Data & Analytics, Digital Experiences, Engineering, and Sustainability.

Financial Performance

In the third quarter of FY24, the company reported revenues of Rs 22,205 crore, reflecting a decline of 4.41% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 23,229 crore. The company posted an operating profit of Rs 4,198 crore for the quarter, in contrast to an operating profit of Rs 4,539 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 2,701 crore, compared to a net profit of Rs 3,065 crore in the same period last year.

The company’s ROCE and ROE are at 17.7% and 15.9% whereas the stock is trading at a PE of 23.7 times in the market.

In terms of ownership, the Promoter holds 72.93%. The FIIs and DIIs hold 6.47% and 8.03% respectively, while the remaining 12.43% is held by public investors, as per 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.

[AngelOne]

Atul Auto jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of over 100% to their shareholders in the past one year.

Atul Auto manufactures and sells auto rickshaws in the domestic and overseas markets. 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 540 per share, indicating an approximate 0.46% increase compared to the previous day’s closing figure of Rs 537.50 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 591.25 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 1640.79 crore, and the stock has generated a return of 100% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Atul Auto Limited is engaged in the manufacturing and selling of three-wheeler automobiles and the sale of spare parts for three-wheeler automobiles. Its brands include ATUL RIK, which comprises RIK+CNG, RIK CNG, RIK Petrol, and RIK LPG; ATUL Gem, which includes GEM Cargo Diesel, GEM Delivery Van, Gem Cargo CNG, GEM Paxx-CNG, and GEM Paxx Diesel; ATUL GEMINI, which includes GEMINI PETROL, GEMINI CNG, and GEMINI Petrol Cargo; ATUL Elite, which includes Elite+ with Li-lon Battery, Elite+ with Lead Acid Battery, Elite Cargo with Li-lon Battery, and Elite Cargo; ATUL Smart, which includes Atul Smart Aqua, and ATUL Shakti, which includes Cargo Diesel. Its applications include milk can carriers, water bottle carriers, bread and bakery product carriers, edible oil tin carriers, gas cylinder carriers, electronics home appliances carriers, vegetable vans, bakery applications, pizza van applications, and ice-cream vans. It offers after-sales support to customers through a dealership network.

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 153.17 crore, reflecting a growth of 24.5% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 123.05 crore. The company posted an operating profit of Rs 17.20 crore for the quarter, in contrast to an operating profit of Rs 6.81 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 7.13 crore, compared to a net loss of Rs 0.12 crore in the same period last year. Moreover, the company reported net profit compared to net loss during the quarter.

In terms of ownership, the Promoter holds 42.74%. The FIIs and DIIs hold 0.46% and 0.41% respectively, while the remaining 56.40% is held by public investors, as per 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.

[AngelOne]

Rane Engine Valve jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 100% to their shareholders in the past one year.

Rane Engine Valve manufactures components for internal combustion engines, applicable for transportation engine 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 396.95 per share, indicating an approximate 0.27% decline compared to the previous day’s closing figure of Rs 398.05 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 437.85 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 316.76 crore, and the stock has generated a return of 98% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Rane Engine Valve Limited is an India-based company engaged in the manufacture and supply of auto components for the transportation industry. The company is involved in manufacturing engine valves, guides, and tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, railway/marine engines, and two/three-wheelers. It manufactures components for the internal combustion engine industry applicable for stationary and transportation engine applications. The product categories include engine valves, valve guides, and mechanical tappets. The company’s applications encompass marine applications, diesel engines, tractors, locomotives, battle tanks, and the automobile industry. The company has five plants manufacturing engine valves, valve guides, and tappets located in Chennai (one), Hyderabad (two), Trichy (one), and Erstwhile Kar mobiles in Tumkur (one). It serves various markets, such as railway, defence, and original equipment manufacturers (OEMs).

Financial Performance

In the second quarter of FY24, the company reported revenues of Rs 142.50 crore, reflecting a growth of 15.96% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 122.89 crore. The company posted an operating profit of Rs 8 crore for the quarter, in contrast to an operating profit of Rs 7.83 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 1.48 crore, compared to a net loss of Rs 0.04 crore in the same period last year. Moreover, the company reported net profit compared to net loss during the quarter.

In terms of ownership, the Promoter holds 58.32%. The FIIs and DIIs hold 0.06% and 0.36% respectively, while the remaining 41.25% is held by public investors, as per 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.

[AngelOne]

Oracle Financial Services Software jumps 15% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 90% to their shareholders in the past one year.

Oracle Financial Services Software Ltd provides financial software, custom application development, consulting, IT infrastructure management, and outsourced business processing services to the financial services industry. 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 5087 per share, indicating an approximate 10% increase compared to the previous day’s closing figure of Rs 5087 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 5850.50 per share on the BSE. The stock has reached the upper circuit price limit of 15%, 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 50,686.09 crore, and the stock has generated a return of 88% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Oracle Financial Services Software Limited is an India-based company engaged in providing information technology solutions and business processing services to the financial services industry. Its segments include Product licenses and related activities (Products) and information technology solutions and consulting services (Services). The Product segment deals with various banking software products and their related activities, including enhancements, implementation, and maintenance activities. The Services segment offers services spanning the entire lifecycle of applications used by financial service institutions. Its financial services banking product portfolio includes Oracle FLEXCUBE Universal Banking, Oracle FLEXCUBE for Islamic Banking, Oracle FLEXCUBE Investor Servicing, Oracle Banking Platform, Oracle Banking Branch, Oracle Banking Origination, Oracle Financial Services Lending and Leasing, Oracle Banking Accounts, and Oracle Banking Cash Management.

Financial Performance

The company announced its third-quarter results yesterday and the company reported revenues of Rs 1824 crore, reflecting a growth of 25.83% YoY compared to the same quarter in the previous year when the revenue stood at Rs 1449 crore. The company posted an operating profit of Rs 869 crore for the quarter, in contrast to an operating profit of Rs 606 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 741 crore, compared to a net profit of Rs 437 crore in the same period last year. Moreover, the company’s net profit grew by around 70% YoY during the quarter.

The company’s ROCE and ROE are 35.1% and 24.8% respectively and the stock is trading at a PE of 22.7 times in the market.

In terms of ownership, the Promoter holds 72.78%. The FIIs and DIIs hold 6.89% and 9.48% respectively, while the remaining 10.85% is held by public investors, as per 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.

[AngelOne]

Pritika Auto Industries jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 116% to their shareholders in the past one year.

Pritika Auto Industries is engaged in the manufacturing of tractor and automobile components. It is among the leading manufacturers of machined castings in India. 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 37.01 per share, indicating an approximate 7.71% increase compared to the previous day’s closing figure of Rs 34.36 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 37.79 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 345.86 crore, and the stock has generated a return of 116% in the past one year.

Trading and Delivery Volumes (Daily):

Business Overview

Pritika Auto Industries Limited is an India-based company engaged in the manufacturing of tractor and automobile components. The company specializes in machined castings and automotive components, producing a range of products such as axle housings, wheel housings, hydraulic lift housings, end covers, plate differential carriers, brake housings, cylinder blocks, and crankcases, among others. It supplies these products to original equipment manufacturers (OEMs). The company’s manufacturing facilities are situated at Derabassi and Hoshiarpur (Punjab) and Tahliwal (Himachal Pradesh), with a total capacity exceedingly approximately 50,000 metric tons per annum (MTPA).

Financial Performance

In the Q2 FY24, the company reported revenues of Rs 93.70 crore, reflecting a decline of 6.34% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 100.04 crore. The company posted an operating profit of Rs 12.21 crore for the quarter, in contrast to an operating profit of Rs 12.86 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 4.75 crore, compared to a net profit of Rs 5 crore in the same period last year.

The company’s ROCE and ROE are 12.8% and 10.1% respectively and the stock is trading at a PE of 28.4 times in the market.

In terms of ownership, the Promoter holds 68.38%. The FIIs hold 2.41% while the remaining 29.21% is held by public investors, as per 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.

[AngelOne]

Persistent Systems jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 90% to their shareholders in the past one year.

Persistent Systems provides software engineering and strategy services to help companies implement and modernise their businesses. 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 8101.15 per share, indicating an approximate 2.23% increase compared to the previous day’s closing figure of Rs 7924.25 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 8716.65 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 67,053 crore, and the stock has generated a return of 90% in the past one year and a 464% in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

Persistent Systems Limited is an India-based holding company engaged in the business of providing software products and technology services. The company’s segments include Banking, Financial Services, and Insurance (BFSI), Healthcare & Life Sciences, and Technology Companies and Emerging Verticals.

The company offers a range of services, including digital strategy and design, software product engineering, client experiences (CX) transformation, cloud & infrastructure, intelligent automation, enterprise information technology (IT) security, enterprise integration, application development and management, and data and analytics. It serves various industries, including banking and financial services, insurance, healthcare life sciences, software and hi-tech, and telecom and media.

Persistent Systems Limited’s cloud and infrastructure offerings include Hybrid & Multi-Cloud Transformation, Data Centre Modernisation, Persistent Intelligent IT Operations, and Cloud Advisory Services.

Financial Performance

The company has announced its third-quarter results recently and the company reported revenues of Rs 2,498 crore, reflecting a growth of 15.16% YoY compared to the same quarter in the previous year when the revenue stood at Rs 2,169 crore. The company posted an operating profit of Rs 442 crore for the quarter, in contrast to an operating profit of Rs 402 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 286 crore, compared to a net profit of Rs 238 crore in the same period last year. Moreover, the company’s net profit grew by around 7% YoY during the quarter.

The company’s ROCE and ROE are 30.3% and 25.3% respectively and the stock is trading at a PE of 65 times in the market.

In terms of ownership, the Promoter holds 31.06%. The FIIs and DIIs hold 24.55% and 26.13% respectively, while the remaining 16.91% is held by public investors, as per 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.

[AngelOne]

Manaksia Steels jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 83% to their shareholders in the past one year.

Manaksia Steels Limited, a part of the Manaksia group, is engaged in the manufacturing of value-added secondary steel products such as Cold Rolled Sheets, Galvanised Corrugated Sheets, Galvanised Plain Sheets, and Colour Coated (Pre-painted) Sheets. 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 76.44 per share, indicating an almost flat opening compared to the previous day’s closing figure of Rs 76.64 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 84.33 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 552.65 crore, and the stock has generated a return of 83% in the past one year and a 270% in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

Manaksia Steels Limited is an Indian engineering company specialising in metal products and metal formation within the Metals segment. The company focuses on manufacturing value-added flat steel products to meet the demands of the housing and infrastructure sectors. Key products include cold-rolled steel sheets and coils, hot-dipped galvanized steel sheets, and coils, and colour-coated steel sheets and coils.

The cold-rolled steel sheets and coils find applications in various downstream industries such as automobiles and home electronic appliances. It also produces hot-dipped galvanised steel sheets and coils catering to the building materials, white goods, and electronic appliance sectors. The company utilizes diverse profile lines and corrugation machines to manufacture trapezoidal, tile roof profile, and sinusoidal profile sheets.

Financial Performance

The company has not yet announced its third-quarter results. During the second quarter, the company reported revenues of Rs 166 crore, reflecting a growth of 6.36% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 156 crore. The company posted an operating profit of Rs 9.78 crore for the quarter, in contrast to an operating profit of Rs 4.55 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 8.92 crore, compared to a net profit of Rs 2.46 crore in the same period last year. Moreover, the company’s net profit grew by around 260% YoY during the quarter.

The company’s ROCE and ROE are 6.37% and 4.01% respectively and the stock is trading at a PE of 19.4 times in the market.

In terms of ownership, the Promoter holds 74.75%. The FIIs hold 0.88%, while the remaining 24.37% is held by public investors, as per 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.

[AngelOne]

Kay Cee Energy jumps 20% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 447% over its final IPO price of Rs 54 each.

Kay Cee Energy and Infra Limited provide services for constructing and commissioning electricity transmission and distribution systems. 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 250.90 per share, indicating approximately 2% compared to the previous day’s closing figure of Rs 246.25 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 295.50 per share on the NSE. 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 270 crore, and the stock has generated a return of 34% in the past one week and a 447% over its final issue price of Rs 54 each.

On January 2, 2024, the final day of the IPO window, the IPO witnessed an impressive response, with a subscription rate of 1052.45 times. The public issue received remarkable interest, with the retail category being subscribed 1311.10 times, the QIB category achieving a subscription rate of 127.71 times, and the NII category reaching a subscription rate of 1668.97 times. The stock debuted on the Indian market on January 5, 2024.

Trading and Delivery Volumes (Daily):

Business Overview

Kay Cee Energy and Infra Limited provide services for constructing and commissioning electricity transmission and distribution systems. The company undertakes engineering, procurement, and construction (EPC) projects for government entities such as Rajasthan Rajya Vidyut Prasaran Nigam Limited.

The company’s service portfolio includes handling, erection, testing, and commissioning of equipment and materials for power transmission and distribution systems. This encompasses transmission lines, construction of substations, automation, extension/modification, and expansion of existing power systems. The company has a strong base of loyal customers, including well-known public sector companies such as Rajasthan Rajya Vidyut Prasaran Nigam Limited and Power Grid Corporation of India Limited.

The company also provides services to companies such as Wonder Cement Limited, H G Infra Engineering Limited, Gawar Construction Limited, Raj Shyama Constructions Private Limited, Larsen and Toubro Limited, and Sadbhav Engineering Limited.

Financial Performance

The company has yet to announce its next quarter results post-listing. During the first quarter, the company reported revenues of Rs 9.55 crore, while the operating profit of the company stood at Rs 2.49 crore, with an operating profit margin of 26%. Furthermore, the company reported a net profit of Rs 1.21 crore, with a net profit margin of 12.7% during the quarter.

The company’s ROCE and ROE are 30.6% and 28.8% respectively and the stock is trading at a PE of 52.9 times in the market.

In terms of ownership, the Promoter holds 70.26%. The FIIs and DIIs hold 2.04% and 4% respectively, while the remaining 23.70% is held by public investors, as per the most recent update.

Stock Price Chart (Hourly)

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]

Shakti Pumps jumps 20% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 200% to their shareholders in the past one year.

Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. Today, the company experienced a significant surge in its share price.

At the start of the day’s trading session, the Shakti Pumps (India) stock opened at Rs 1058.30 per share, indicating an almost flat opening compared to the previous day’s closing figure of Rs 1269.95 per share on the BSE. As of writing this article, the shares are currently at Rs 1269.95 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 2334 crore, and the stock has generated a return of 198% in the past one year and a 235% in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

Shakti Pumps (India) Limited is an India-based company engaged in the manufacturing of pumps, motors, and spare parts. Its products include submersible pumps, solar pumps, vertical multistage centrifugal pumps, monoblock end-suction pumps, pressure booster pumps, wastewater pumps, openwell pumps, shallow well & slow-speed pumps, immersible pumps, single-shaft vertical multistage Pump-RO Series, Shakti Solar Open well-DCSOP Series, and others. It offers water pumping solutions for various applications, such as irrigation-flood and micro-irrigation, horticulture, domestic water supply, commercial and industrial applications, and others. The company’s product portfolio caters to applications such as agriculture, irrigation, industrial applications and processes, pressure boosting in high-rise buildings, rural/urban community water supply schemes, waste and sewage water treatments, and firefighting. It exports a range of pumping products to over 100 countries globally.

Financial Performance

During the third quarter, the company reported revenues of Rs 496 crore, reflecting a growth of 58% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 314 crore. The company posted an operating profit of Rs 71 crore for the quarter, in contrast to an operating profit of Rs 22 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 45 crore, compared to a net profit of Rs 11 crore in the same period last year. Moreover, the company’s net profit grew by around 310% YoY during the quarter.

The company’s ROCE and ROE are 10.4% and 5.95% respectively and the stock is trading at a PE of 43 times in the market.

In terms of ownership, the Promoter holds 56.22%. The FIIs and DIIs hold 0.49% and 0.31%, while the remaining 43% is held by public investors, as per the most recent update.

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]

MSTC jumps 10% and hits the upper circuit today

The company’s shares have delivered a remarkable return of around 286% to their shareholders in the past one year.

MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce, and the disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri, and forest products. The company is owned and controlled by the Government of India. Today, the company experienced a significant surge in its share price.

At the start of the day’s trading session, the MSTC stock opened at Rs 1060 per share, indicating an 4.5% increase compared to the previous day’s closing figure of Rs 1014.35 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1115.75 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 7855 crore, and the stock has generated a return of 286% in the past one year and a 447% in the past three years.

Trading and Delivery Volumes (Daily):

Business Overview

MSTC Limited is an India-based e-commerce company engaged in providing e-commerce-related services across diversified industry segments, offering e-auction/e-sale, e-procurement services, and the development of customized software/solutions. Its segments include Marketing, E-Commerce, and Scrap Recovery & Allied Jobs. The company offers an e-auction platform to several government departments and government-controlled entities. It provides a complete package of services, from the preparation of the auction catalogue to the issuance of delivery orders and advertisements of the same on a case-to-case basis, with e-payment and e-wallet facilities. MSTC Limited has conducted e-auctions for the sale of scraps, old plants and machinery, minerals, agricultural produce, coal and non-coal mine blocks, land parcels, tea, gorgon nuts, tendu leaves, timbers, and other forest produce. The company also offers end-to-end platform solutions for e-procurement.

Financial Performance

During the second quarter, the company reported revenues of Rs 188 crore, reflecting a growth of 7.32% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 175 crore. The company posted an operating profit of Rs 60 crore for the quarter, in contrast to an operating loss of Rs 15 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 55 crore, compared to a net profit of Rs 64 crore in the same period last year.

The company’s ROCE and ROE are 37.9% and 33.6% respectively and the stock is trading at a PE of 33.6 times in the market.

In terms of ownership, the Promoter holds 64.75%. The FIIs and DIIs hold 3.33% and 1.35%, while the remaining 30.58% is held by public investors, as per the most recent update.

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.