{"id":94787,"date":"2023-03-13T13:00:00","date_gmt":"2023-03-13T07:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=94787"},"modified":"2023-03-13T12:45:16","modified_gmt":"2023-03-13T07:15:16","slug":"fundamentally-strong-stock-jumps-9-today-after-volumes-increase-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fundamentally-strong-stock-jumps-9-today-after-volumes-increase-do-you-own-it\/","title":{"rendered":"Fundamentally strong stock jumps 9% today after volumes increase; Do you own it?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2054788051\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Automotive Axles Ltd have shown an upside movement of around 9 percent today. The company\u2019s stock opened its trading session at Rs 2,315 and is currently trading at Rs 2,527 showing an upside of around 9 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1072449368\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AUTOAXLES\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Automotive Axles<\/a><\/strong>, established in 1981, is engaged in the business of manufacturing and supplying Automotive Parts to the major domestic and global manufacturers of Trucks &amp; Buses (LCV, MCV, HCV, and Military &amp; Off-highway Vehicle Segment).\u00a0<\/p><p>Having a purview of 6 months, the share price movement shows an upside of around 21 percent from Rs 2,090 to the current stock levels. Further, in the span of a year, the shares have logged a 74 percent return.&nbsp;<\/p><p>The company manufactures a wide range of products which includes Drive Axles, Front Steer Axles, Off-highway Axles, etc. It also provides aftermarket solutions to its customers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3866815457\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Digging into the financials of the company, the revenues of the company have gone up from Rs 474.7 crores in Q2 v\/s Rs 655.7 crores in Q3. Apart from the same, the net profit of the company has improved as well showing congruence with the revenues which is from Rs 30.1 crores in Q2 v\/s Rs 50.6 crores in Q3.&nbsp;<\/p><p>Taking the evaluation further with the ratios of the company, the first one being the profitability ratios, the company has been able to deliver good returns to its stakeholders with an ROE of 4.19 percent in FY20-21 v\/s 12.66 percent in FY 21-22.&nbsp;<\/p><p>Moreover, the returns on the capital employed have also shown growth from 5.88 percent in FY20-21 v\/s 16.97 percent in FY 21-22. The PE ratio of the company which is 23.34 is way below the industry PE of 38.18.&nbsp;<\/p><p>Another important aspect to note is that the debt-to-equity ratio of the company has been consistently going down for the past 4 financial years and the latest movement being from 0.03 in FY20-21 to 0.02 in FY 21-22.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3711810104\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Automotive Axles Ltd have shown an upside movement of around 9 percent today. The company\u2019s stock opened its trading session at Rs 2,315 and is currently trading at Rs 2,527 showing an upside of around 9 percent.&nbsp; Automotive Axles, established in 1981, is engaged in the business of manufacturing and supplying Automotive [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7302,7304,7305,7306,7303,4618,5904,4780,5903,4619,948,936,3153,3157,2597,7307],"class_list":["post-94787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-automotive-axles","tag-automotive-axles-latest-news","tag-automotive-axles-q3-results","tag-automotive-axles-results-2023","tag-automotive-axles-share-price","tag-fundamentally-strong-stocks","tag-fundamentally-strong-stocks-2023","tag-fundamentally-strong-stocks-to-buy","tag-fundamentally-strong-stocks-to-buy-now","tag-fundamentally-strong-stocks-to-watch","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-why-did-automotive-axles-jump-today"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fundamentally strong stock jumps 9% today after volumes increase; Do you own it?\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Having a purview of 6 months, the share price movement shows an upside of around 21 percent from Rs 2,090 to the current stock levels. 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