According to the financials, the company has a market cap of 21.17 crore. The net sales increased by 74.50 per cent to Rs 13.76 crore and net profit increased by 53.64 per cent to Rs 0.34 crore in H2FY23 over H2FY22. The net sales increased by 70.26 per cent to Rs 22.55 crore and net profit increased by 34.06 per cent to Rs 0.67 crore in FY23 over FY22.

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.

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The company has a market cap of Rs 100 crore with a 3-year stock price CAGR of 34 per cent. The company is almost debt free and the current debt of the company is just Rs 2.21 crore which is just 2.21 per cent of its market cap.

The ever-changing dance of the market continues to keep us on our toes too!

On Thursday, Indian equity markets ended on a negative note

Talking about the financials, BHEL has a market cap of over Rs 35,000 crore. The company reported excellent numbers in its quarterly results and annual results. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.

On Thursday, the GIFT Nifty shows a flat start for the benchmark indices, gaining 21 points, while the futures stood at 19,827 points.

On Thursday, at 03:30 pm, indices ended the trading session in the red with the BSE Sensex Index down 0.66 per cent at 66,267 and the NSE Nifty-50 Index down 0.60 per cent at 19,660. 

In a bid to address the challenges posed by high volatility in the realm of micro-small companies, SEBI introduced the Enhanced Surveillance Measure (ESM) framework, which is has now revised. The new framework is set to fortify market integrity and promote a more agile and transparent trading environment for the securities falling under this framework. Bhavya Rathod highlights how it will work and also the challenges it will pose for investors

Assessing the demerger of Jio Financials from Reliance, Chetan Shah notes its intricacy, with possible gains and risks in tow. As the value for shareholders remains uncertain, this strategic move is anticipated to exert a substantial influence on the Indian financial services landscape. 

We have evaluated each funds underlying portfolio of stocks and ranked them based on their expected portfolio return.

Management added: “We are excited to share our strategic focus on the retail Algo trading platform, uTrade Algos. This cutting-edge Algorithmic Trading Platform empowers users to Plan, Strategize, and Automate trades while also having the option to subscribe to Pre-made Algos. We believe that by making algorithms easier and more accessible for everyone, we can drive innovation and transform the landscape of the financial industry. At Share India, we have always been committed to delivering high-quality fintech solutions, and our dedication to developing technology that adds value to our customers remains unwavering.”

Every investor aspires to achieve investment objectives without getting exposed to undue risks.

In the past fortnight, global equities continued their upward trajectory, contributing to the impressive gains seen in the first half of 2023.

Supreme Industries, founded in 1942, is one of India's leading manufacturers of plastic products today.

Despite several challenges, the crude oil and gas industry has recorded a swift turnaround in the wake of the waning of the pandemic. Mandar Wagh explains how, being one of the country's eight core sectors, the government's focus and initiatives, as well as developments such as ethanol blend and use of alternative fuels, will determine the direction of the industry. 

Following the surge of optimism last week due to the prospects of a rate hike pause by the US Federal Reserve, the global commodity market adopted a slightly cautious approach amid mixed data and earnings results from the US.

Considering the fundamentals, the intrinsic value of Summit Securities Ltd stood at Rs 1,129, while the book value of the stock was at Rs 4,683. With the stock currently trading at a price to book value of 0.17. 

The benchmark index, the Nifty, has been seen taking a pause in the current week after four successive weeks of higher high closings.

Investing is a critical tool for building wealth and achieving financial goals. When it comes to fixed-income investments, two popular options that often arise are investing directly in bonds or opting for debt mutual funds. In this special report, Vardan Pandhare delves into both the options to explore the investment opportunities, growth and prospected returns.

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

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.

Additionally, the global business increased by 14.34 per cent to Rs 22.15 lakh crore, the global deposits increased by 14.18 per cent to Rs 12.98 lakh crore and global advances increased by 14.58 per cent to Rs 9.17 lakh crore.

In the broader market, around 1411 stocks are advancing, indicating a positive sentiment, compared to 413 stocks that are declining.

After hitting a record high in the last quarter of FY23, compared with their poor showing in the previous two quarters of the financial year, the first quarter of FY24 has started on expected lines.

To avoid major downside, invest in companies with good corporate governance

Retirement planning is a crucial aspect of ensuring a financially secure future.

Investment Horizon : Query-Specific : Subscribers can ask their queries regarding stocks they hold and get our expert guidance. 

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.

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.

Investing in growth stocks involves identifying companies with exceptional growth potential and allocating capital in the hope of capitalising on their future success.

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.

With optimism brought on by the quarter earnings’ season, the Indian benchmark indices continued to climb and set new all-time highs in back-to-back trading sessions.

We had recommended Meghmani Organics Ltd. in Volume 37, Issue No. 18 dated Aug 1 – 14, 2022, under the ‘Low Price’ segment.

The cover story in the recent issue gave me good insights into the growth expectations priced into the stock. Could you please elucidate on the DDM method and other methods one can use for valuation? - Seema Pandit

For those not familiar with the story, Goldilocks and the Three Bears is a 19th century English fairytale of which three versions exist, one of which is that of a young woman called Goldilocks who enters the forest home of three bears.

There are various reasons why investors are choosing stocks and not other financial investment avenues for long-term growth. The article highlights the domain of equity mutual funds to help understand this trend.

How vital is the tracking error in Exchange Traded Funds?

Authored by Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt Ltd

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

After a turbulent beginning to the year, the Indian equity market has experienced a remarkable surge in the past three months, propelling equity indices like the S & P BSE Sensex and the Nifty 50 index to new all-time highs.

The debtor days have improved from 49.3 to 31.7 days. The shares of the company have a PE of 13.80x whereas the industry PE is 36.40x with a ROE of 17.92 per cent.

According to the annual results, the net sales increased by per cent to Rs 1,583 crore and net profit increased by per cent to Rs 130 crore in FY23 compared to FY22. The EPS for FY23 stood at Rs 60.66. The scrip has a PE of 14.70x, a ROE of 20 per cent and a ROCE of 21.60 per cent.

Recently, The Board of Directors of the company have recommended and approved the bonus Issue of equity shares in the proportion of 1 equity share of Rs 1 each for every 2 Equity Shares of Rs 1 each held by shareholders of the company as on the record date. The share ex-record date was Wednesday, June 19, 2023.  

Shares of the company have gained more than 100 per cent in the last one year.

Shares of this company jumped more than 25 per cent in the last 6 months.

KIVL is engaged in aquaculture farming, seafood processing, international trade of marine products, aquaculture consultancy, food-related infrastructure development and domestic marketing and supply of retail packed marine products.

Open positions, in terms of the number of contracts and value, exceeded the first day of full-scale operations by 32 per cent and 35 per cent, respectively. The commencement of full-scale operations saw 2,37,108 contracts worth USD 9.14 billion (Rs 74,987 crore equivalent) in Gift Nifty.

These initiatives mark a significant stride towards a sustainable and greener future.

Ashish Kacholia, a prominent investor, hold a 1.10 per cent stake in Megastar Foods, which translates to total ownership of 1,12,968 equity shares in the company. However, given Kacholia's recent decision to exit his position in the stock, it has left investors speculating about the company's future prospects. Could this be a signal that the stock has reached an overhyped valuation, and its merry run might be coming to an end?

The profit after tax (PAT) recorded a significant growth of 46 per cent, amounting to Rs 2,500 crore.

The company has delivered returns of 70 per cent over the past year and returns of 40 per cent over the past 3 years.

Recently, the company announced stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023.  

Additionally, MICL Group added another Ultra-Luxurious Residential Project with a saleable carpet area of 4 lakh sq. ft. in Ghatkopar East, Mumbai and bags another significant size EPC order worth Rs 680 crore (inclusive of GST) from BMCT (PSA Group) for pavement work on the reclaimed earth on the execution of Phase II infrastructure works at the fourth container terminal of JNPT.

On Wednesday, at 03:30 pm, indices ended the trading session in the green with the BSE Sensex Index up 0.53 per cent at 66,707.20 and the NSE Nifty-50 Index up 0.50 per cent at 19,778. About 1,906 shares have advanced, 1,630 declined and 160 are unchanged on BSE.  

On Wednesday, the GIFT Nifty suggests a neutral opening for the benchmark indices, with a slight increase of 12 points. The futures are currently positioned at 19,869 points.

At the current market price, this translates to an attractive dividend yield of 4.52 per cent. Additionally, the stock boasts an impressive Return on Capital Employed (ROCE) of 60.8 per cent, reflecting its efficient utilization of invested capital.

Market sentiment appears positive with 1265 advancing stocks against 576 declining stocks.

Torrent Power, with a turnover of Rs 25,694 Crores (approx. USD 3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (approx. USD 4.5 billion) and a market cap of Rs 95,000 crore (approx. USD 11.50 billion). It is one of the largest power companies in India with a presence across the entire power value chain of generation, transmission, and distribution.

The price band of the issue has been fixed at Rs 285 to Rs 300 per equity share. The issue size is Rs 686.55 crore at a higher price band.

Additionally, the company also announced its quarterly results wherein revenue from operations grew by 148.34 per cent to Rs 79.57 crore, EBITDA skyrocketed by 415.47 per cent to Rs 7.13 crore and PAT skyrocketed by 1,056.34 per cent to Rs 4.10 crore in Q1FY24 compared to Q1FY23.

DVR shares of company spiked by more than 14 per cent after plans to convert DVR shares into ordinary shares.

TruCap caters to the financing needs of MSMEs. The company's objective is to empower these enterprises by providing them with the necessary financial resources to grow and thrive. The shares of the company saw a spurt in volume by more than 1.10 times on BSE.

Looking at FY24, we are optimistic and confident about a turnaround, thanks to the acquisition of new contracts and improved execution of existing ones, expresses Nirav Talati, CFO, Asian Energy Services Ltd

Shares of the company have gained more than 140 per cent in the last one year.

According to the annual results, the net sales increased by 11.36 per cent to Rs 16.72 crore and net profit increased by 201.73 per cent to Rs 0.70 crore in FY23 over FY22. Additionally, the company announced bonus shares in the ratio 1:2 to its shareholders as of the record date. The ex-bonus date was Wednesday, May 03, 2023.

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As of June 2023, the promoters own the majority of the company's shares, with a 55.17 per cent stake. FIIs own a tiny fraction of the shares, at just 0.02 per cent. The remaining 44.81 per cent of the shares are owned by the general public.

The net sales increased by 103.78 per cent and net profit increased by 77 per cent in Q4FY23 over Q4FY22. The net sales increased by 42.21 per cent and the net profit skyrocketed by 127.34 per cent in FY23 over FY22. The stock has a PE of 10.04x and a ROE of 47.81 per cent.

Commenting on the Q1FY24 Performance earlier, the Management added, "We are pleased to announce the remarkable financial results for the Q1FY24, which demonstrate our continued commitment to growth, efficiency, and value creation. We have achieved significant improvements YoY in revenue, EBITDA, EBITDA margins, and profit after tax, reflecting the success of our strategic initiatives and the dedication of our team."

Shares of the company gained more than 60 per cent in the last six months.

According to the annual results, the net sales increased by 43.79 per cent to Rs 3,155.90 crore, the operating profit increased by 77.84 per cent to Rs 156.25 crore and the net profit skyrocketed by 106.85 per cent to Rs 79.74 crore in FY23 compared to FY22.

The company has a market cap of Rs 25.66 crore. The shares of the company have a PE of 7.76x whereas the industry PE is 32.10x.

Mukul Agrawal, has emerged as a significant investor holding an impressive 9.26 per cent stake in the company.

According to the annual results, the net sales increased by 26.40 per cent to Rs 2,801 crore and net profit increased by 37.84 per cent to Rs 204 crore in FY23 over FY22. 

On Tuesday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 808.30.

The company’s maximum stake is owned by The President of India (55.99 per cent) as of March 2023.

On Wednesday, Indian equity markets ended on a positive note

Net profit of the company surged by 75 per cent and stood at Rs 73.9 crore as against to Q1FY23.

On Tuesday, at 03:30 pm, indices ended the trading session in the red with the BSE Sensex Index down 0.04 per cent at 66,356 and the NSE Nifty-50 Index up 0.04 per cent at 19,681.

The company is having ROE of 7.84 per cent and ROCE of 10.6 per cent.

On Tuesday, the benchmark indices are expected to open flat, as indicated by the GIFT Nifty, with a gain of 33 points. The futures are currently at 19,736.

The stock's multibagger return for the last year was 137.19 per cent

The stock has witnessed significant buying activity in the last 3 years as it has surged more than 475 per cent.

The shares of the company have a PE of 16.17x whereas the sectoral PE is 35x with a ROE of 19 per cent. The stock is up by 55 per cent year to date and over 1,000 per cent in 3 years.

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.

The scrip witnessed a massive spurt in volume by 14.96 times on BSE.

The stock has witnessed significant buying activity in the last 3 years as it has surged more than 266 per cent.

The company have announced its quarterly results (Q1FY24) wherein Revenue from Operations grew by 241.32 per cent from Rs 2.42 crore and net profit skyrocketed by 200 per cent from a net loss of Rs 1.24 crore in Q1FY23 to a net profit of Rs 1.24 crore in Q1FY24.

As of now, there is an unexecuted order book of 856 MW that is scheduled to be completed within the next 9 to 12 months.

The broader market sentiment appears positive, with about 1385 stocks advancing and only 467 stocks declining, reinforcing the optimistic outlook among investors.

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

The company has a market cap of Rs 385 crore with a 1-year stock price CAGR of 70 per cent. The stock has a PE of 12.33x whereas the industry PE is 35x and a ROE of 26.30 per cent.

According to the financials, the company have a market cap of over Rs 582.51 crore with a 3-year CAGR of 262 per cent. The company reported amazing numbers in its quarterly results and annual results. From Rs 10.67 per share to Rs 564.45 per share, the stock gave astounding returns of 5,190 per cent in just 5 years.