According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent.

Additionally, it has consistently maintained a robust dividend payout ratio of 22 per cent, indicating a healthy distribution of profits to its shareholders.

Authored by Pratik Kataria, Director, Sainath Developers and NAREDCO Committee Member, Maharashtra

According to the annual results, the net sales increased by 59.45 per cent to Rs 1,126.11 crore and net profit skyrocketed by 128.42 per cent to Rs 95.20 crore in FY23 compared to FY22. The company has a market cap of over Rs 10,000 crore and the current debt of the company is Rs 155 crore.

On Monday, Indian equity markets ended on a negative note

the company has consistently maintained a healthy dividend payout ratio of 36.6 per cent, rewarding its shareholders with consistent returns.

The stock has a 52-week high of Rs 270.50 and a 52-week low of Rs 87.65. The company has a market cap of Rs 284.68 crore and reported excellent numbers in its quarterly results and annual results.

Walmart increased its influence over Indian e-commerce company Flipkart by purchasing Tiger Global's remaining shares, valuing the Indian business at around USD 35 billion.

On Tuesday, at 03:30 pm, indices ended the trading session flat with the BSE Sensex Index down 0.10 per cent at 66,460 and the NSE Nifty-50 Index down 0.10 per cent at 19,734. 

On Tuesday, the broader index, GIFT Nifty, is expected to open flat, showing a marginal gain of 0.03 per cent. The futures are at 19,892 points.

We present a list of the top 5 penny stocks to watch in August, each with its unique potential for growth and value.

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

According to the annual results, the net sales increased by 7 per cent to Rs 3,125.55 crore and the net profit increased by 24.46 per cent to Rs 137.32 crore in FY23 compared to FY22.

Shares of the company have gained more than 18 per cent in the last one year.

Authored by Tejas Khoday, cofounder and CEO of FYERS

The company has a market cap of over Rs 1,000 crore with a 5-year stock price CAGR of 60 per cent. The shares of the company have a PE of 28.30x, a ROE of 19.28 per cent and a ROCE of 23.97 per cent.

Inflation coming down, bond yields falling, lower interest rates, robust GST collection, and improved direct tax collection, all indicating improved corporate earnings growth and in turn market returns, asserts Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited

The broader market sentiment seemed positive, with approximately 1454 stocks advancing compared to 419 stocks declining.

In the current financial year, the company announced bonus shares in the ratio of 1:1 for its equity shareholders as of the record date. The ex-bonus date was April 24, 2023.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 113.98 points or 0.17 per cent.

Talking about the financials, the company have a market cap of Rs 334.39 crore with a PE of 17.60x whereas the sectoral PE is 36.60x. The stock is trading at 0.84 times its book value. Recently the company announced its quarterly results that ended June 30, 2023, where the net sales increased by 6 per cent to Rs 80.30 crore and net profit skyrocketed by 344 per cent to Rs 4.41 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of Rs 132 crore and is almost debt-free, with only Rs 1.61 crore in debt. This represents just 1.22 per cent of its current market cap. The stock gave multibagger returns of 300 per cent in 2 years and over 600 per cent in 3 years.

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

A special purpose vehicle (SPV) will be formed to undertake the project. PC Patel has been in the mining sector for over a couple of decades and has rich experience in handling different kinds of mining contracts.

The company boasts an impressive track record of Return on Equity (ROE) with a commendable 29 per cent over the past 3 years.

Foxconn invests Rs 16 billion in Tamil Nadu for a new electronic components manufacturing facility, creating 6,000 jobs in Chennai.

Shares of the company gained more than 30 per cent in the last six months.

During this specific quarter, both Promoters and FIIs have demonstrated increased interest and confidence in the company.

Authored by Sandeep Mishra, Chief Distribution Officer, Bharti AXA Life Insurance

The stock has witnessed significant buying activity as it has surged more than 184 per cent in the last 3 years. 

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

On Monday, Indian equity markets ended on a positive note

On Monday, at 03:30 pm, indices ended the trading session in the green with the BSE Sensex Index up 0.56 per cent at 66,528 and the NSE Nifty-50 Index up 0.55 per cent at 19,754. 

The Indian stock market maintained its upward trajectory, with the Sensex recording an impressive gain of 220 points and the Nifty trading 60 points higher, indicating continued investor confidence.

Overall, the market sentiment appeared positive as 1048 stocks were advancing compared to 792 stocks declining. This suggests a generally optimistic outlook in the broader market.

Shares of the company gained more than 300 per cent in the last six months.

The company has a market cap of over Rs 3,000 crore. The stock has an ROE of 42.93 per cent and a ROCE of 37.08 per cent. The promoters of the company have increased their stake by 12.6 per cent over the last quarter.

Ace investor Mukul Mahavir Agarwal holds an impressive 2.83 per cent stake in the company, according to the latest shareholding pattern of the quarter ended June 2023. Furthermore, the small finance bank has ambitious growth targets, aiming for a 30 per cent increase in gross advances

The outlook on the Indian broking industry is positive, believes Trivesh D, COO of Tradejini

The stock saw a spurt in volume by 1.85 times on BSE.

Anmol India Ltd. is delighted to announce its outstanding performance in the first quarter of the fiscal year 2024, as evidenced by the remarkable financial updates. We are thrilled to report a robust growth trajectory, with significant improvements across key financial metrics.

Shares of company has given 136 per cent return over the past one year.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 190.38 points or 0.29 per cent.

The pre-bonus issue paid-up equity capital as of the date of this letter is Rs 10.32 crore consisting of 1,03,20,000 equity shares of Rs 10 each. The post-bonus paid-up equity share capital shall be Rs 18.58 crore consisting of 1,85,76,000 equity shares of Rs 10 each. From Rs 10.67 per share to Rs 642.70 per share, the stock gave astounding returns of 5,900 per cent in just 5 years.

Shares of the bank gained more than 80 per cent in the last six months.

Talking about the finances, the company is a small-cap having a market cap of over Rs 1,000 crore and reported positive numbers in its quarterly results and annual results. In addition, the company has issued bonus shares in a 1:1 ratio and declared a dividend of Rs 3.15 per share. The ex-dates for bonus shares and dividend were July 07, 2023.

Talking about the financials, the company has a market cap of Rs 112.15 crore with a 5-year stock price CAGR of 61 per cent. The company reported positive numbers in its quarterly results and annual results.

Shares of this company have gained more than 80 per cent in the last six months.

Shares of the company had a spectacular rally, soaring more than 290 per cent in just one year!

The company reported its highest-ever quarterly EBITDA during Q1 FY24

Shares of the company gained more than 70 per cent in the last six months.

Company's order book has witnessed exponential growth, particularly in export orders, spanning a 3-12 month execution cycle. The secret behind this remarkable progress lies in their strategic penetration into the international market, expanding their reach and cementing their position as a force to be reckoned with.

On Friday, the Sensex dipped by 106 points to close at 66,160.20, while Nifty 50 dipped by 13 points to close at 19,646.05

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

On Friday, Indian equity markets ended on a negative note

Shares of the company gained more than 18 per cent in the last one month.

The net profit of the company soared 30 per cent on the strength of double-digit revenue growth!

AMD plans to create 3,000 engineering jobs in India through a new design centre, marking a USD 400 million investment in the country's chip industry.

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

The shares of the company have gained about 100 per cent in the last one month.

The shares of the company are hitting back-to-back 52-week highs in recent trading sessions. Furthermore, during the preceding financial year 2022-2023, the company declared bonus shares in the ratio of 1:3, with a record date of August 08, 2023.

The company recommended a final dividend of Rs 4.75 per share (i.e., 47.50 per cent on the paid-up equity share capital) for the financial year 2022-23. The company fixed the record date for the final dividend as Tuesday, August 08, 2023.

Shares of the company have gained more than 70 per cent in the last six months.

Shares had earlier rallied after Reliance Consumer Products Ltd's announcement that it would buy a 51 per cent stake in the company.

For all the astute market participants out there, this stock should undoubtedly find a place on your radar. The stock has a book value of Rs 67.2 and it currently trades at 0.63 price to book value. The stock P/E stands at 7.59.

Commenting on the company’s quarter performance, Ankit Agarwal, Managing Director, STL, said, “Amidst global challenges, we continue to drive our market presence and pursue our ambition to be among the world's top 3 optical companies. We are focused on long-term, sustainable growth and aim to deliver a 7 per cent to 9 per cent revenue increase this financial year while targeting a net debt to EBITDA ratio of less than 2.5 to further strengthen our financial position. With a proactive approach and an exceptional team, we embrace the future with optimism and stay agile to seize new opportunities in the dynamic market landscape.”

Company has also declared Q1FY24 results and over past six months it has given around 33 per cent return. 

Authored by Sanil Basutkar, Co-Founder of Healthysure

The shares of the company have a PE of 14.40x, a ROE of 24 per cent and a ROCE of 18.60 per cent.

On Friday, at 03:30 pm, indices ended the trading session in the red with the BSE Sensex Index down 0.16 per cent at 66,160 and the NSE Nifty-50 Index down 0.07 per cent at 19,646. 

The stock has witnessed significant buying activity as it has surged more than 213 per cent in the last 3 years.

On Friday, the GIFT Nifty shows a positive opening for the benchmark indices with a 50-point gain, while the futures stood at 19,809 points.

According to the quarterly results, the net sales increased by 148.35 per cent to Rs 79.57 crore and net profit skyrocketed by 1,038.90 per cent to Rs 4.10 crore in Q1FY24 over Q1FY23. The profit was boosted by higher revenues amid demand for smart power solutions equipment.

Shares of the company have gained more than 30 per cent in the last six months.

Management reports suggest that SIL commands an impressive 20-25 per cent market share in India's PV dyed yarn market. The company's business model exhibits diversification, spanning PV yarn, cotton yarn, suiting, denim, and fabric processing. 

It is also exploring expanding its business through acquisitions of operational facilities and is in the advanced stages of studying, comparing and finalising the acquisition of processing facilities under its long-term plan. The company recently acquired Chateau Indage Winery assets in Maharashtra for Rs 40 crore.

The company is currently working on various projects in Mumbai and Bengaluru, focusing on luxury and mid-luxury residential developments.

Overall, the market sentiment appeared positive as 1048 stocks were advancing compared to 792 stocks declining. This suggests a generally optimistic outlook in the broader market.

Ambika Cotton Mills is a well-performing company with a strong financial profile. The company has a market capitalization of Rs 880 crore and its stock price has grown at a CAGR of 33 per cent over the past 3 years. The shares of the company have a PE of 7.85x and a ROE of 15 per cent. Additionally, the company is almost debt free and has been maintaining a healthy dividend payout of 19.50 per cent.

Quarterly Results: The net sales increased by 22.87 per cent to Rs 405.05 crore and net profit increased by 77.51 per cent to Rs 52.24 crore in Q1FY24 over Q1FY23. Half-yearly Results: The net sales increased by 20.51 per cent to Rs 772.96 crore and net profit increased by 80.15 per cent to Rs 95.59 crore in H1FY24 over H1FY23.

Shares of the company have gained more than 30 per cent in the last six months.

Order book: As of March 31, 2023, the order book reached an all-time high of Rs 45,918 crore including an L1 position of Rs 4,000 crore. The orders include significant & strategic business wins in T&D in domestic as well as international markets and expanded civil business in international markets

The company's focus is on providing advanced metering solutions to meet the requirements of the contract in the electricity sector.

How to Protect Your Portfolio from the Impact of the Climate Pattern

These developments showcase company's proactive approach to tapping into new opportunities and forming strategic alliances.

The company offers survey and mapping, asset inspection, surveillance, monitoring, precision agriculture, and other related services. Drone Destination operates in India. The stock has a ROE of 27.40 per cent and a ROCE of 33.20 per cent.

The company has entered into a significant partnership with Bharat Electronics Limited, India's largest defense PSU

The net profit margins for the quarter were reported at 55 per cent

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.