In the broader market, about 1,411 stocks advanced compared to 704 stocks that declined, indicating a positive sentiment overall.

The stock has a PE of 10x whereas the sectoral PE is 16x with ROE and ROCE of 26 per cent each.

The stock is up by 92 per cent from its 52-week low of Rs 3.38 per share.

The order book stands at Rs 14,750 crore as of March 31, 2023 (Passenger Rolling Stocks orders amounting to Rs 6,750 crore and Freight Rolling Stocks orders amounting to Rs 8,000 crore).

Himadri Speciality Chemical is not merely adapting to the evolving landscape of sustainable mobility and energy storage; we are shaping it, propelled by innovation, accountability, and an unwavering commitment to a greener future, voices Anurag Choudhary, CMD & CEO of Himadri Speciality Chemical Ltd.

Out of the total order book, Government orders are worth Rs 5,630 crore and private company orders are worth Rs 2,055 crore.

Market volatility, as indicated by India VIX, has jumped by 2.17 per cent, reflecting an increase in market volatility.

The promoters of the company sold a 26.47 per cent stake in the company and decreased their stake to 7.97 per cent in March 2024 compared to 34.44 per cent in March 2023.

From Rs 2.66 per share (52-week low) to Rs 5.12 per share, the stock is up by 92.5 per cent.

The company issued bonus shares in a 4:1 ratio to its shareholders on February 1, 2024 (ex-date).