Stock of the day | Angel One

Trident Techlabs Rallies 5% and Hits Upper Circuit

Trident Techlabs’ shares have yielded a multibagger return of approximately 975% from its IPO issue price to its shareholders.

Incorporated in 2000, Trident Techlabs provides technology-based solutions to a diverse range of industries including aerospace, defense, automotive, telecommunications, semiconductor, and power distribution. 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 395 per share, compared to the previous day’s closing figure of Rs 376.55 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 395.35 per share on the NSE. The stock has reached the upper circuit price limit of 5%, 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 683.21 crore, and the stock has generated an impressive return of around 71% in the past one month.

Stock Price Chart (Daily)

Trading and Delivery Volumes (Daily)

Financial Performance

In FY24, Trident Techlabs reported sales of Rs 72.62 crore rupees, reflecting a notable increase from the Rs 67.35 crore rupees reported in March 2023, marking a year-on-year sales growth of 7.82%. The company’s operating profit grew from Rs 10.16 crore in March 2023 to Rs 15.97 crore. This resulted in an increase in the operating profit margin from 15.09% to 21.99% over the same period. Similarly, the net profit showed a positive trend, rising from Rs 5.55 crore in March 2023 to Rs 9.37 crore.

Business Overview

Incorporated in 2000, Trident Techlabs Limited specializes in providing technology-based solutions to various industries including aerospace, defence, automotive, telecommunications, semiconductor, and power distribution.

The company operates through two distinct verticals:

Engineering Solutions: Trident Techlabs offers consulting and technical services covering a broad spectrum of expertise including system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modeling, reliability and quality analysis, design automation, power electronics, PCB design, and electromagnetic simulations.

Power System Solutions: Within this vertical, Trident Techlabs caters to power distribution utilities by offering products and services aimed at maximizing the capacity of aging transmission infrastructure, managing the increasing intermittent generation from renewable energy sources, and deploying smart grid technologies that introduce complexity to transmission investment decisions.

Investors must keep this stock on their radar.

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

GE T&D Rallies 5% and Hits Upper Circuit

The shares of GE T&D have delivered a return of over 1000% to its shareholders over the past two years.

GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources to the grid. 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 1185.95 per share, compared to the previous day’s closing figure of Rs 1130.20 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1186.70 per share on the BSE. The stock has reached the upper circuit price limit of 5%, 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 30,385 crore, and the stock has generated an impressive return of around 464% in the past one year.

Stock Price Chart (Daily)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported a revenue of Rs 839 crore compared to a revenue of Rs 777 crore, representing a gain of 8% YoY. The company’s operating profit reached Rs 9 crore compared to Rs 46 crore in Q4 FY23. The operating margin stood at 12%. The net profit of the company was Rs 49 crore in Q4 FY24 compared to Rs 5 crore, representing a gain of 880% YoY.

Business Overview

GE T&D India Limited is an India-based company engaged in the power transmission and distribution business. The company’s business activity relates to products, projects, and systems for electricity transmission and related activities. Its products and services include power electronics, energy management, high voltage equipment, industrial digital, projects and services, automation and protection, new technologies, and asset management. Its product portfolio ranges from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution, industry, and infrastructure markets. The company offers a wide range of products and related services that include power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, flexible AC transmission systems (FACTS), high voltage DC, and maintenance support.

Investors must keep this stock on their radar.

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

Crompton Greaves Consumer Electricals Rallies 15% and Hits Upper Circuit

The shares of Crompton Greaves Consumer Electricals have delivered a return of over 53% to its shareholders over the past year.

Crompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India, with a brand legacy of over 75 years. It is an independent company under professional management with two business segments: Lighting and Electrical Consumer Durables. We market our products under the “Crompton” brand name in India and select export 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 349.15 per share, compared to the previous day’s closing figure of Rs 338.75 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 389.55 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 24,888.67 crore, and the stock has generated an impressive return of around 53% in the past one year.

Stock Price Chart (Weekly)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported a revenue of Rs 1961 crore compared to a revenue of Rs 1791 crore, representing a gain of 9.50% YoY. The company’s operating profit reached Rs 204 crore compared to Rs 211 crore in Q4 FY23. The operating margin stood at 10%. The net profit of the company was Rs 133 crore in Q4 FY24 compared to Rs 132 crore.

Business Overview

Crompton Greaves Consumer Electricals Limited is an India-based consumer electrical company. The company operates through two segments: Electric Consumer Durables (ECD) and Lighting. It manufactures and distributes a range of consumer products, including fans, pumps, and appliances in the ECD segment, and a full range of lighting products. Its product portfolio includes ceiling fans, table fans, pedestal fans, wall-mounted fans, heavy-duty exhaust fans, air circulators, industrial fans, residential pumps, agricultural pumps, solar pumps, specialty pumps, water heaters, air coolers, mixer grinders, irons, LED lamps, LED battens, LED panels, LED streetlights and floodlights, incandescent lamps, compact fluorescent lamps, interior and indoor lighting, and fluorescent tubular lights. The company markets its products under the Crompton brand name in India. Its manufacturing locations include Goa, Vadodara, Ahmednagar, and Baddi.

Investors must keep this stock on their radar.

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

SAR Televenture Rallies 10% and Hits Upper Circuit

The shares of SAR Televenture have delivered a return of over 180% to its shareholders over the past six months.

SAR Televenture Limited is a provider of telecommunication solutions to telecom network operators, engaged in the installation and commissioning of 4G and 5G towers, optical fibre cable (OFC) systems, and network equipment. 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 297.70 per share, compared to the previous day’s closing figure of Rs 267.95 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 294.70 per share on the NSE. 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 442 crore, and the stock has generated an impressive return of around 187% in the past six months.

Stock Price Chart (Daily)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported a revenue of Rs 88 crore compared to a revenue of Rs 26 crore, representing a gain of 238% YoY. The company’s operating profit reached Rs 12 crore compared to Rs 5 crore in Q4 FY23. The operating margin stood at 14%. The net profit of the company was Rs 12 crore in Q4 FY24 compared to Rs 3 crore.

Business Overview

SAR Televenture Limited is an India-based company that provides leasing of fourth generation (4G) and fifth-generation (5G) towers to telecom companies. The company constructs 4G and 5G towers, which are subsequently leased to telecom companies. It also has international operations in Myanmar through ABSA Innovations, a subsidiary of the company in the telecom sector. Its projects include EMF and VSWR testing, BTS and microwave installation, fixing of RF and MW antennas, alignment of antennas as per specifications, implementation of 4th sector addition, FTTH network implementation, Wi-Fi implementation, O&M of active network, RF and LOS survey, providing solutions for dismantling services of M/W, GSM antennas and BTS, providing logistic solutions for material SRN, and OFC laying and maintenance.

Investors must keep this stock on their radar.

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

Ausom Enterprise Rallies 20% and Hits Upper Circuit

The shares of Ausom Enterprise have delivered a return of over 180% to its shareholders over the past six months.

Incorporated in 1984, Ausom Enterprise Ltd trades in the financial and commodity markets and also engages in the manufacturing and trading of jewellery. 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 112.38 per share, compared to the previous day’s closing figure of Rs 97.71 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 117.25 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 159.74 crore, and the stock has generated an impressive return of around 74% in the past six months.

Stock Price Chart (Monthly)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q3 FY24, the company reported a revenue of Rs 707.68 crore compared to a revenue of Rs 129.44 crore, representing a gain of 447% YoY. The company’s operating profit reached Rs 2.11 crore compared to a loss of Rs 5.71 crore in Q3 FY23. The operating margin stood at 0.30%. The net profit of the company was Rs 2.82 crore in Q3 FY24 compared to a net loss of Rs 4.35 crore.

Turning your attention to the annual performance of the company, in FY23 it reported a revenue of Rs 2,160 crore, representing a gain of 94% compared to Rs 1,112 crore in FY22. The company’s operating profit stood at Rs 177 crore, with an operating profit margin of 8%. The company’s net profit was Rs 77 crore in FY23.

According to the shareholding pattern, the promoters of the company own 73.70%, while the remaining 26.30% is held by public or retail investors.

Investors must keep this stock on their radar.

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

Mahalaxmi Rubtech Rallies 20% and Hits Upper Circuit

The shares of Mahalaxmi Rubtech have delivered a return of over 580% to its shareholders over the past three years.

Incorporated in 1991, Mahalaxmi Rubtech Ltd manufactures and markets traditional textiles, polymer-based technical textiles, and rubber products. 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 211.10 per share, compared to the previous day’s closing figure of Rs 203.70 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 244 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 259 crore, and the stock has generated an impressive return of around 45% in the past six months.

Stock Price Chart (Weekly)

Trading and Delivery Volumes (Weekly)

Financial Performance

In Q3 FY24, the company reported a revenue of Rs 74.76 crore compared to a revenue of Rs 66.25 crore, representing a gain of 13% YoY. The company’s operating profit reached Rs 5.19 crore compared to a profit of Rs 5.35 crore in Q3 FY23. The operating margin stood at 6.94%. The net profit of the company was Rs 2.26 crore in Q3 FY24 compared to a net profit of Rs 2.11 crore.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 267 crore, representing a gain of 35.56% compared to Rs 197 crore in FY22. The company’s operating profit stood at Rs 19 crore, with an operating profit margin of 7%. The company’s net profit was Rs 8 crore in FY23.

According to the shareholding pattern, the promoters of the company hold 64.80%, while 35.10% is held by the public or retail investors.

Investors must keep this stock on their radar.

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

Johnson Controls-Hitachi Air Conditioning India Rallies 20% and Hits Upper Circuit

The shares of Johnson Controls-Hitachi Air Conditioning India have delivered a return of over 30% to its shareholders over the past three months.

Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling, and trading air conditioners, refrigerators, chillers, and VRS 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 1385 per share, compared to the previous day’s closing figure of Rs 1242.60 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 1491.10 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 4054 crore, and the stock has generated an impressive return of around 25% in the past six months.

Stock Price Chart (Daily)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported a revenue of Rs 772 crore compared to a revenue of Rs 300 crore, representing a gain of 41% YoY. The company’s operating profit reached Rs 81 crore compared to a profit of Rs 23 crore in Q4 FY23. The operating margin stood at 11%. The net profit of the company was Rs 49 crore in Q4 FY24 compared to a net loss of Rs 1 crore.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 1919 crore, compared to Rs 2384 crore in FY23. The company reported an operating loss of Rs 1 crore. The company’s net loss was Rs 76 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 74.25%. The FIIs and DIIs hold 0.50% and 8.43% respectively while the remaining 16.81% is held by the public or retail investors.

Investors must keep this stock on their radar.

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

Ashima Rallies 20% and Hits Upper Circuit

The shares of Ashima have delivered a return of over 100% to its shareholders over the past year.

Ashima Limited is engaged in the manufacture of 100% cotton yarn-dyed shirting fabrics, denim fabrics, and readymade garments, as well as processing textile fabrics. 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 28.75 per share, compared to the previous day’s closing figure of Rs 23.96 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 28.75 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 551 crore, and the stock has generated an impressive return of around 75% in the past six months.

Stock Price Chart (Weekly)

Trading and Delivery Volumes (Daily)

Financial Performance

In Q4 FY24, the company reported a revenue of Rs 145 crore compared to a revenue of Rs 38 crore, representing a gain of 283% YoY. The company’s operating profit reached Rs 63 crore compared to a loss of Rs 5 crore in Q4 FY23. The operating margin stood at 43%. The net profit of the company was Rs 96 crore in Q4 FY24 compared to a net loss of Rs 6 crore.

Turning your attention to the annual performance of the company, it reported a revenue of Rs 329 crore, compared to Rs 207 crore in FY23. The company reported an operating profit of Rs 69 crore. The company’s profit loss was Rs 96 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 73.49%. The FIIs hold 003% while the remaining 26.48% is held by the public or retail investors.

Investors must keep this stock on their radar.

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