The term “market leader shares” refers to the stocks of companies that hold the largest market share in their respective industries and often exhibit strong performance and dominance within their markets.
Listed below are the shares that hold the largest market share in their respective industries and are trading at a discount of up to 30 percent from its 52 -week high:
Borosil Renewables Ltd
With a market capitalization of Rs. 6,653 crores, the shares of patterned glass and Low Iron Solar Glass manufacturing company started Thursday’s trading session on a lower note at Rs. 483.90 compared to its previous close of Rs. 484.45. During the trading session, the shares hit a high of Rs. 516.25, gaining around 6 percent and currently trading at Rs. 508 apiece.
The company hit its 52-week or all-time high in February 2024 at Rs. 669.35 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 24 percent.
Borosil Renewables is a market leader in the solar PV glass space in India. The company is the sole manufacturer of solar glass in the country and has a dominant market share of approximately 40 percent in the domestic solar glass market in India.
Coming onto the company’s financial statements, the revenue decreased by 18 percent from Rs. 402 crores during the September quarter to Rs. 330 crores in the December quarter. On the other hand, the net profits showcased a transition from a net profit of Rs. 30 crores to a net loss of Rs. 16 crores during the same period.
NOCIL Ltd
With a market capitalization of Rs. 3,932 crores, the shares of the rubber chemicals manufacturing company started Thursday’s trading session on a lower note at Rs. 222 compared to its previous close of Rs. 224.40. During the trading session, the shares hit a high of Rs. 238.75, gaining around 5 percent and currently trading at Rs. 235 apiece.
The company hit its 52-week or all-time high in February 2024 at Rs. 297.80 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 26 percent.
NOCIL is a market leader in the rubber chemicals industry, with a market share of 40 percent. The company is also among the few players globally with a wide product basket of more than 20 rubber chemicals.
Coming onto the company’s financial statements, the revenue decreased by 3 percent from Rs. 351 crores during the September quarter to Rs. 341 crores in the December quarter. On a contrasting note, the net profits increased by 11 percent from Rs. 27 crores to Rs. 30 crores during the same period.
Mold-Tek Packaging Ltd
With a market capitalization of Rs. 2,592 crores, the shares of the injection-moulded containers manufacturing company started Thursday’s trading session on a lower note at Rs. 802.85 compared to its previous close of Rs. 804.35. During the trading session, the shares hit a low of Rs. 770.10, making a loss of around 4 percent and currently trading at Rs. 775 apiece.
The company hit its 52-week or all-time high in July 2023 at Rs. 1,100 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 29 percent.
Mold-Tek Packaging Ltd is India’s leading rigid plastic packaging manufacturing company with a 25 percent market share. The company is a Pioneer and master of IML Decoration.
Coming onto the company’s financial statements, the revenue decreased by 3 percent from Rs. 170 crores during the September quarter to Rs. 165 crores in the December quarter. In addition, the net profits decreased by 12.5 percent from Rs. 16 crores to Rs. 14 crores during the same period.
NRB Bearings Ltd
With a market capitalization of Rs. 2,711 crores, the shares of the needle roller bearings manufacturing company started Thursday’s trading session on a higher note at Rs. 261 compared to its previous close of Rs. 258.60. During the trading session, the shares hit a high of Rs. 304.75, gaining around 10 percent and currently trading at Rs. 279.95 apiece.
The company hit its 52-week or all-time high in January 2024 at Rs. 401.55 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 30 percent.
NRB Bearings is a recognized leader in needle roller with an estimated market share of 60 percent in the industry in India, with a strong presence in the cylindrical roller, special tapered roller, and special ball bearings segments.
Coming onto the company’s financial statements, the revenue decreased by 8 percent from Rs. 279 crores during the September quarter to Rs. 258 crores in the December quarter. On a contrasting note, the net profits magnified by 564 percent from Rs. 25 crores to Rs. 166 crores during the same period.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
