The stock jumped over 10 per cent on Tuesday and made a fresh high on the bourses. The upmove in the stock was witnessed on the back of solid volumes as the volume for the day is the highest single-day volume in the last three trading sessions.

Amidst all this chaos, there was a group of stocks that hogged most of the limelight. These stocks belonged to shipbuilding companies and they rose between 4 and 13 per cent on a black Monday. 

What’s striking is the fact that nearly 50 per cent of the total volume traded for the day seen in the last 75-minutes of trade.

The company has delivered good profit growth of 43.2 per cent CAGR over the last five years. In the recently concluded quarter, the stock reported sales of Rs 98 crore, up by 40 per cent YoY while its net profit shot up to Rs 17 crore in Q1FY23 as against Rs 11 crore in Q1FY22. The stock’s return on equity (RoE) stands at 32 per cent, which is quite impressive! 

Despite the fact that there was a sharp sell-off witnessed in the frontline gauge, some of the SME stocks on BSE SME were on cloud nine! 

Qualcomm Technologies is a recognised world leader in 5G technology and we are very pleased with this collaboration with Qualcomm Technologies, which also aligns with our commitment to bridge the digital divide globally.

The company has shown stellar growth on account of surging payment transactional volume due to the return of high demand and increased economic activities.

Interestingly, the company also managed to turn its year-ago quarter’s net loss of Rs 29 crore into a profit of Rs 15 crore for Q1 of FY2023.

Company has signed an MoU with the Government of Gujarat to invest Rs 500 crore in electric vehicle research and development in Gujarat.