In the financial year 2022-2023, the company conducted a stock split, reducing the share value from Rs 10 to Rs 1, with a record date set on March 17, 2023. The net sales increased by 27 per cent to Rs 2,385.85 crore, EBITDA increased by 3 per cent to Rs 103.21 crore and PAT decreased by 6 per cent to Rs 37.79 crore in FY23 over FY22.

In the previous financial year, the company announced a final dividend of 0.025 per equity share and stock split from a face value of Rs 10 to a face value of Rs 5. The record date for the dividend was September 22, 2022 and the record date for the stock split was November 25, 2022.   

The stock saw a spurt in Volume by more than 1.03 times.

Shares of the company have gained more than 40 per cent in the last six months.

To me, trading volume is the heartbeat of a stock. It represents the basic interplay between supply and demand. Major price movements are typically accompanied by substantial increases in trading volume.

It has experienced substantial buying momentum, with its stock soaring over 71 per cent in the past three years.

Earlier, in the current financial year, the company underwent a stock split, reducing its face value from Rs 10 to Rs 1. The company traded ex-stock split on May 05, 2023.

On August 10, foreign institutional investors (FII) bought shares worth Rs 331.22 crore, while domestic institutional investors (DII) purchased shares worth Rs 703.72 crore.

Moreover, the stock has zoomed more than 190 per cent in just 1 year

Besides this, the Company is also looking to explore some other Real Estate Developments in the near future on the various lands owned by the company across various locations in the country and expects that this division of the company will be a Major Contributor to the revenues and profits of the company in the years to come.

According to the annual results, the net sales increased by 32.86 per cent to Rs 3,601.19 crore and net profit increased by 53.05 per cent to Rs 215.46 crore in FY23 compared to FY22.

The company has a strong track record of profit growth, with a CAGR of 37.2 per cent over the past 5 years. It is also debt-free and has a good ROE (27.90 per cent) & ROCE (37.30 per cent) and dividend payout (48.60 per cent), which are all signs of a healthy business. Additionally, the stock is trading at 0.01 times its book value of Rs 178.

Shares of the company gained more than 25 per cent in the last six months.

The shares of the company have a PE of 20x, an ROE of 18 per cent and a ROCE of 21 per cent. The net sales increased by 20.80 per cent to Rs 302 crore and net profit increased by 10 per cent to Rs 44 crore in FY23 over FY22.

Quarterly Updates: The net sales increased by 83.85 per cent to Rs 1,267.80 crore, operating profit increased by 199 per cent to Rs 206.22 crore and net profit increased by 184 per cent to Rs 178.13 crore in Q1FY24 compared to Q1FY23.

According to the financials, the company has a market cap of Rs 581.24 crore with a 5-year CAGR of 80 per cent. The net sales increased by 120 per cent to Rs 12.25 crore and net profit increased by 8 per cent to Rs 1.90 crore in H2FY23 over H2FY22. The net sales increased by 226 per cent to Rs 19.79 crore and net profit increased by 1,131.25 per cent to Rs 1.97 crore in FY23 over FY22.

During Thursday's trading, the stock surged by nearly 5 per cent, achieving a fresh 52-week high of Rs 84 on the NSE. Investors should anticipate the company's quarterly earnings report for the period ending June 30, 2023, scheduled for release on Friday.

WRTL has a market cap of Rs 2,740 crore and has delivered good profit growth of 123 per cent CAGR over the last 5 years.

The shares of the company soared by 15 per cent in today's trading session and are currently available at only Rs 105 each on the BSE.

Shares have delivered multibagger returns of around 102 per cent over the last year!

Net Profit grew by 62 per cent in the June quarter while operating profit surged by 56 per cent

The company possesses a highly renowned brand within its portfolio known as India Gate Basmati Rice, it is recognized as the world’s number one basmati rice brand.

The company's net profit climbed more than 78 per cent year-on-year!

Vijay Kedia, a prominent investor and the founder of Kedia Securities has augmented his ownership in the company by 0.39 per cent, resulting in his total stake now amounting to 1.68 per cent

The significance of this order lies not only in its monetary value but also in its potential to expand the company's customer base, contributing positively to its overall profitability.

On Thursday, shares of the company surged by more than per cent and traded at its 52-week high of Rs 19,867.10.

This indicator measures the percentage of Nifty 50 stocks that are trading above/below their 200-day simple moving averages. The 200-DMA is considered important as it is one of the basic technical indicators that can be used to determine the long-term trend of a security.

Expert guidance to subscribers’ queries on stocks held by them.

The company has a market cap of over Rs 25,000 crore with a 3-year stock price CAGR of 70 per cent. As of May 30, 2023, the cumulative order book stands at over 1,500 MW. This includes the order book as on March 31, 2023, of 652 MW plus orders secured subsequently of 890 MW.

Recommendations Based on Street Talk

Review of 1 stock recommended in the past.

1 stock recommendation each based on Fundamental Analysis along with timely review to provide you with handsome profits.

You have probably heard the saying, “When America sneezes the world catches a cold.”

On Thursday, Indian equity markets ended on a negative note

Earlier, Tata Power signed an MoU with the Government of Maharashtra to develop 2,800 MW of Pumped Hydro Storage Projects in Pune and Raigad Districts. This collaboration is a major step in our journey towards a clean and green energy future and will support renewable solar and wind projects to ensure a reliable, round-the-clock power supply.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.47 per cent at 65,688.18 and the NSE Nifty-50 Index down 0.46 per cent at 19,543.10. About 1,680 shares have advanced, 1,917 declined and 144 are unchanged on BSE.  

With the demand for communication cables going up tremendously and Finolex Cables Limited’s entry into home appliances, the company is all set to capture the potential that lies in this segment

Technical Analysis of 1 stock (with 15-day horizon).

Technology-driven banking is immensely helping the bank in improving the business, reducing TAT and improving bottom lines, affirms, V. P. Srivastava, CFO, Bank of Maharashtra. 

As the largest footwear manufacturer in India, Relaxo is dedicated to not only meeting but exceeding customer expectations, driving the growth of the Indian footwear industry, and leaving a lasting impact on the market, enunciates Sushil Batra, CFO - Relaxo Footwears Limited

The GIFT Nifty signals a slightly optimistic opening for the benchmark indices, showing a rise of 30 points following Nifty's 61-point increase to 19,632 points on August 9. GIFT Nifty futures are positioned at 19,624 points.

SJVN, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. It was incorporated in 1988 as Nathpa Jhakri Power Corporation, a joint venture between the Government of India and the Government of Himachal Pradesh. In this interview, Director (Finance) Akhileshwar Singh outlines SJVN’s present status, capacities, new projects and outlook for the future

The financial year 2022-23 has been an important year for the growth trajectory of RVNL.

Order Book Update: With an order book exceeding Rs 2000+ crore as of July 04, 2023, HPL's position at the forefront of India's energy modernization journey is solidified. As the nation embraces energy-efficient solutions, HPL is poised to play an instrumental role in shaping the landscape of India's energy-efficiency future.

“The power distribution sector in India faces significant challenges”

In summary, these outcomes indicate robust growth in both revenue and profitability for the company during the initial quarter of FY24.

In the realm of infrastructure development, the government is making significant efforts as it injects substantial financial resources and efforts into various projects.

“NMDC is well on its way to achieving a record-breaking production volume” 

In financial year 2022–23, Cantabil Retail India opened 69 new retail stores across 14 states, enhancing brand recognition and reach. With a total of 469 stores opened to date, the company has become a prominent player in the retail industry. Excerpts from an interview with the company’s CFO Shivendra Nigam

Systematic investing, through SIP, brings a discipline into your investment process.

This is our mutual fund recommendation. Every fortnight, we recommend one open-ended equity diversified fund that has the best potential of returns for the next one year considering its constituents remain the same.

Across global zinc companies, profits have dropped substantially on account of plummeting zinc prices.

It is a settled law that assessment cannot be made in the name of an assessee who has already died.

The shares of the company saw a spurt in volume by more than 1.05 times on BSE.

As we voyage through life, there comes a point when we bid farewell to our careers and embrace the golden years of retirement

The stock has witnessed significant buying activity as it has surged more than 65 per cent in the last 3 years. 

In the wake of the recent instance of Mahindra and Mahindra acquiring a 3.53 per cent stake in RBL Bank Limited that led to a drop in the automobile major’s share price, Shashikant takes a look at the role of asset allocation and how a company’s CFO can drive decisions that can either benefit or harm shareholders’ interests 

Shares of the company gained more than 150 per cent in the last six months.

The Many Benefits of Multi-Asset Funds

This section gives decisive investment rationales to our subscribers on the MF queries they have raised to our research team.

The firm has a market cap of Rs 40.71 crore with a 5-year CAGR of 25 per cent. The company reported positive numbers in its quarterly results and annual results.

With its rich heritage in shaping India’s internet landscape, the company has, over 25 years, taken a lead position in enabling the adoption of digital services in the country

The domestic equity markets were very volatile during the last two weeks and traded in an extended range.

More often than not, when a fund in your investment portfolio begins to show signs of wilting or fading away from the limelight of growth, you may want to sell it. But what are the factors on which such a decision should be made?

Concerning your special report in the last edition, what are the risks associated with investing in bonds? 

One of the fastest growing economies and most stable currencies compared to others has strengthened India's macroeconomic outlook, thereby attracting foreign investors.

Investing in mutual funds is a great way to diversify your portfolio and grow wealth over time.

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

For Nippon Life India Asset Management (NAM India), higher growth in net profit was driven by higher other income owing to increase in value of equity investments driven by equity market performance and the downward movement of rates

This section gives a recommendation of a stock having a stock price below Rs 150 with sound fundamentals and expected to give handsome returns over a one-year time horizon.

Buybacks, also known as share repurchases, involve a company buying back its own outstanding shares from the market, effectively reducing the number of shares available to the public. 

On Thursday, shares of the company surged by more than 2 per cent and made an intraday high of Rs 15.16.

This column gives you a scrip chosen by the research team during the fortnight that is fundamentally strong and expected to give good capital appreciation over a time period of 1 year

After making sizeable investments in the Indian market, which was the main driving force behind the robust rally, FIIs have now started to turn into net sellers after a long period of time

The special story in your recent issue offered good insights into the current situation of growth stocks.

Globally, the equity markets displayed increased volatility in the past week and this trend was also evident in India.

The broader market sentiment appeared upbeat, with approximately 1165 advancing stocks in contrast to 658 declining stocks. This equilibrium reflects an overarching optimistic outlook in the broader market landscape.

We had recommended Nitin Spinners Ltd. in Volume 37, Issue No. 19 dated Aug 15 – 28, 2022, under the ‘Choice Pick’ segment.

Over the years, Polycab India has made substantial investments in building robust capabilities for expanding its product portfolio and geographical reach and Project LEAP has helped strengthen its market share

The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation

According to the quarterly results, the company reported net sales of Rs 97 crore in Q1FY24 compared to net sales of Rs 99 crore in Q1FY23, a decrease of 2 per cent. The net profit decreased by 53.66 per cent to Rs 19 crore in Q1FY24 compared to a net profit of Rs 41 crore in Q1FY23.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 247.14 points or 0.37 per cent.

The price band of the issue has been fixed at Rs 187 to Rs 197 per equity share. The issue size is Rs 880 crore at a higher price band.

Shares of the company have gained more than 40 per cent in the last six months.

The company reported positive numbers in its half-yearly results and annual results. The net sales increased by 66.22 per cent to Rs 210.77 crore and net profit increased by 32.61 per cent to Rs 11.67 crore in H2FY23 over H2FY22. The net sales increased by 144.78 per cent to Rs 392.65 crore and net profit increased by 122.93 per cent to Rs 24.79 crore in FY23 over FY22.

Order Book Update: The total order book as of June 30, 2023 stands at Rs 32,486 crore. EPS stands at Rs 1.99 per equity share of the face value of Rs 2 per share.

The company does manufacturing and trading of various types of Specialty Chemicals viz, water-based adhesives and solvent-based adhesives. The company has a market cap of Rs 58 crore with a 5-year CAGR of 39 per cent. The company reported excellent numbers in its quarterly results and annual results.

The company has a market cap of Rs 106 crore and the debtor days have improved from 57.1 to 44.5 days. According to the shareholding pattern, the promoters of the company own 70.72 per cent stake and the rest is owned by the general public which is 29.28 per cent.  

On Wednesday, shares of the company surged by 2 per cent and reached its upper circuit limit of Rs 237.7.

Displaying her confidence, she acquired over 50 lakh shares of the company at an average price of Rs 61.65. The same day witnessed another vote of confidence from Think India Opportunities Master Fund LP, a foreign portfolio investor, as they secured 58 lakh shares of the company at an identical average price.

The company has developed cutting-edge technologies for hazardous wastewater treatment and zero liquid discharge. The company has a market cap of Rs 553.58 crore with a 5-year CAGR of 79 per cent.

Investors will receive one additional share for every five shares they hold. The net profit of the company grew by 40 per cent YoY. 

Looks like it’s a bumpy road ahead for the banking sectors as Eurozone banking stocks also encountering a rough patch. 

According to latest shareholding data, Ashish Kacholia holds 1.40 per cent in the company. The company experienced a 17 per cent decline in operating profit, amounting to Rs 17.66 crore, compared to Rs 21.22 crore in the previous year.

The stock is trading at all-time high levels and priced below Rs 100. Additionally, the stock of the company has gained around 300 per cent in the last three years.

The company has a market cap of over Rs 3,300 crore with a 3-year stock price CAGR of 62 per cent. The shares of the company have a PE of 22.33x, an ROE of 11 per cent and a ROCE of 20 per cent.

On Wednesday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 354.50.

The shares of the company have an ROE of 71 per cent and a ROCE of 103 per cent. The stock has delivered mind-boggling returns for investors, generating multibagger returns of 1,710 per cent in just 6 months, 3,270 per cent in 1 year, 16,600 per cent in 3 years, and over 33,000 per cent in 1 decade.

The company has a market cap of Rs 1,288.13 crore with a 5-year stock price CAGR of 24 per cent. The promoters of the company own 45.63 per cent of the shares, while FIIs own 5.16 per cent and DIIs own 0.12 per cent. The remaining 49.09 per cent of the shares are owned by the general public. Additionally, the stock is trading at 0.38 times its book value of Rs 676.

Earlier, MIDHANI played a vital role in the successful launch of the Chandrayaan-3 Mission. MIDHANI developed and supplied critical materials for the LVM3 M4, a three-stage heavy lift launch vehicle used in the lunar mission.