A metric of financial performance referred to as return on equity (ROE) is measured by dividing net income by shareholders' equity. A company's profitability and the effectiveness of its revenue generation are measured by its ROE. The mid-cap stocks with an ROE of over 20% are listed below. Fertilizers and Chemical Travancore Ltd The first [...]
The price-to-earnings ratio (P/E) is one of the most commonly used metrics to find undervalued stocks. It is a relative measure of valuation that is compared with the industry P/E and with the historic P/E of a company. When the P/E is lower than the Industry P/E or its historic P/E, it is usually considered [...]
Big Bull Rakesh Jhunjhunwala’s investment journey from ₹ 5,000 to a staggering ₹ 35,000 crore by 2022 has been a remarkable one. He was among India’s most successful investors. He passed away on August 14, 2022, but his legacy lives and shall endure for generations to come. Rakesh Jhunjhunwala had invested in various companies across [...]
To reduce dependency on foreign funds, the Indian government is on the path of mixing 20 percent ethanol into automobile fuel. As a result, the Indian ethanol sector has seen tremendous success in recent months, surpassing the 10% ethanol blending rate five months ahead of schedule. However, in order to meet the government's blending target, [...]
Defence stocks have been on the radar amid a remarkable rally in their share prices. Experts opine that defence stocks had minimal representation in the Indian equity market about two years ago, however, they have been unstoppable lately and are leaving investors ecstatic. There is a push towards indigenisation and a possible surge in exports. [...]
With the recent downfall witnessed by the Indian securities market, retail investors are in continuous search of stocks to enter at a reasonable price. Listed below is one stock from the Tata Group universe that is currently trading at a discount of more than 30 percent compared to its 52-week high: Tata Elxsi Limited With [...]
Shares of Adani group firms fell on Monday after Deloitte resigned as auditor of the group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other companies in the conglomerate following the report of a [...]
Benchmark equity indices bounced back sharply and ended in the positive territory on Monday, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The 30-share BSE Sensex climbed 79.27 points or 0.12% to settle at 65,401.92. During the day, it fell 500.77 points or 0.76% [...]
This small-cap company stock rose strongly after the announcement of its recent earnings. The stock began trading on Monday at Rs. 650.05 and closed at Rs. 686.90. The stock is currently trading above both the 50-day and 200-day moving averages, and it is 4.2% below its 52-week high. Cochin Shipyard Ltd Government-owned Cochin Shipyard Ltd. [...]
This S&P BSE smallcap stock jumped 14% after reporting Q1 FY24 results on Monday. The stock is 1.5% away from its 52 week high, currently trading at Rs. 218, breaking out of stagnant volumes & sideways movement over the week and month of 65k with 6x volumes of 4 lakh. It is trading 3.3% above [...]
Hi-Tech Pipes has reported around an 80% rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue [...]
Realty firm Shriram Properties on Monday reported a 59% increase in its consolidated net profit to Rs 16.62 crore for the first quarter of this fiscal. Its net profit stood at Rs 10.47 crore in the year-ago period. The total income rose to Rs 157.17 crore during the April-June period of 2023-24 from Rs 145.11 [...]
The Plastic Plumbing products company hit 20% upper circuit within the first hour on Monday after it reported outstanding Q1 FY24 results on Saturday. The stock is locked in at Rs. 68.55 and is 1.4% away from its 52 week high. The stock demonstrates strong momentum, indicated by positive community sentiment driving increasing volumes and [...]
Shares of this Navratna CPSE company fell 4 percent on Monday after missing the market estimates and exhibiting a dip in the basic operational indicators. The stocks of National Aluminium Company Limited, popularly known as NALCO, are trading in the red today opening at Rs 92.25 and currently trading at a price of Rs 90.60, [...]
Shares of a small-cap engineering company hit the 20 percent upper circuit on Monday’s trades to reach an intraday high of ₹ 203.10 apiece on the National Stock Exchange (NSE) after the company reported robust results for the latest quarter. According to an exchange filing, Skipper India reported a net profit of ₹ 23.0 crores [...]
The shares of a global leader in LED display production locked around 2 percent upper circuit on Monday’s early trade after the business received a project from Indian Railways. At 11:15 p.m., MIC Electronics Ltd shares touched around 2 percent upper circuit of Rs 27.40 apiece on the National Stock Exchange, and the company has [...]
Shares of this small-cap stock slipped more than 13 percent on Monday after publishing underperforming results with regard to the quarter ending June 2023. With a market capitalization of Rs 1,100 crores, the stocks of GE Power India Limited started their trading session today at Rs 170 and currently trade at Rs 161.45 exhibiting a [...]
In early trading on Monday, the metal stock surged to the upper circuit after the company received an order to supply Magnesium Powder. Southern Magnesium and Chemicals Ltd shares hit the upper circuit of Rs 94.02 apiece, up 5 percent from the previous close price, with a market capitalization of Rs 28 crores. According to [...]
The initial share sale of stainless steel flexible hose manufacturer Aeroflex Industries Ltd will open for public subscription on August 22. The initial public offering will conclude on August 24 and the bidding for anchor investors will open on August 21, according to the red herring prospectus (RHP). The IPO consists of a fresh issue [...]
On the 12th of November 1981, Ramkrishna Forgings Limited was established on a foundation of honesty and blazing ambition. The company provides goods and services to a variety of industries, including those in India and other countries as well as the automotive, railroad, farm equipment, bearings, oil & gas, power, and construction industries. Home-grown Ramkrishna [...]
