Kopran Ltd, Bajaj Hindusthan Sugar Ltd and Prakash Industries Ltd were among the top gainers on the BSE Smallcap index!

On August 23, foreign institutional investors (FII) bought shares worth Rs 125.03 crore, while domestic institutional investors (DII) purchased shares worth Rs 614.32 crore.

We believe India's growth story has already begun and the time is now. India is set to become third-largest economy in this decade, making it one of the biggest opportunities for growth.

The price band of the issue has been fixed at Rs 94 to Rs 99 per equity share. The issue size is Rs 308.88 crore at a higher price band.

The net sales increased by 67.64 per cent to Rs 152.56 crore and net profit increased by 25.41 per cent to Rs 20.34 crore in Q1FY24 compared to Q1FY22. In FY23, the net sales increased by 78.18 per cent to Rs 573.75 crore and net profit increased by 69.89 crore compared to FY22.

In Q1FY24, the company reported a 326 per cent increase in net sales YoY.

According to its quarterly results, the net sales increased by 29 per cent to Rs 211 crore and net profit skyrocketed by 115 per cent to Rs 15 crore in Q1FY24 compared to Q1FY23. According to its annual results, the net sales increased by 37 per cent to Rs 796 crore and net profit skyrocketed by 500 per cent to Rs 48 crore in FY23 compared to FY22.

The most captivating aspect of this stock is the fact that prominent investor Ashish Dhawan holds a stake of 1.66 per cent in the company. This translates to a significant holding of 53,86,564 shares

As Anurag Mittal, Deputy- Head of Fixed Income, UTI Mutual Fund, indicates in this interview, fixed income mutual funds still offer a multitude of added benefits such as better transmission of policy rate changes with the possibility of mark-to-market gain in periods of interest rate cuts or faster re-pricing during periods of rate hikes

The company boasts a return on equity exceeding 20 per cent, alongside an impressive earnings per share (EPS) of Rs 50.