News

Sell ASTRAL Ltd For Target Rs.1,657 - Yes Securities Bullish on growth but valuations compel SELL rating! Result Synopsis Astral Ltd delivered yet another quarter of strong volume growth, despite Q1 being a Agri-heavy season. Company’s plastic pipe volumes stood at 47,950Te, a growth of 31%YoY (5-year volume growth stood at 16%), on account of healthy demand from Plumbing and Infra segment. ASP contracted to Rs196/Kg Vs Rs240/Rs206 owing to fall in resin prices coupled with change in product-mix. Consequently, EBITDA/Kg came in at R...
Sell ASTRAL Ltd For Target Rs.1,657 - Yes Securities
Sell ASTRAL Ltd For Target Rs.1,657 - Yes Securities
Source: Yes Securities Ltd
22/08/2023 2:50:03 PM
Indian Hume Pipe Company shines on receiving Letter of Award worth Rs 639.16 crore Indian Hume Pipe Company is currently trading at Rs. 287.70, up by 15.90 points or 5.85% from its previous closing of Rs. 271.80 on the BSE. The scrip opened at Rs. 270.05 and has touched a high and low of Rs. 296.50 and Rs. 270.05 respectively. So far 46268 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 303.45 on 08-Aug-2023 and a 52 week low of Rs. 115.55 on 28-Mar-2023. Last one week high and low of the scri...
Indian Hume Pipe Company shines on receiving Letter of Award worth Rs 639.16 crore
Indian Hume Pipe Company shines on receiving Letter of Award worth Rs 639.16 crore
Source: Accord Fintech
18/08/2023 3:40:29 PM
WPIL moves up as its European arm enters into binding Share Purchase Agreement with newcleo Franc WPIL is currently trading at Rs. 3388.90, up by 28.95 points or 0.86% from its previous closing of Rs. 3359.95 on the BSE. The scrip opened at Rs. 3430.00 and has touched a high and low of Rs. 3430.00 and Rs. 3325.00 respectively. So far 2250 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3600.00 on 07-Aug-2023 and a 52 week low of Rs. 1028.00 on 22-Aug-2022. Last one week high and low of the scrip stood at Rs...
WPIL moves up as its European arm enters into binding Share Purchase Agreement with newcleo Franc
WPIL moves up as its European arm enters into binding Share Purchase Agreement with newcleo Franc
Source: Accord Fintech
8/08/2023 12:00:59 PM
Ion Exchange gains on reporting 22% rise in Q1 consolidated net profit Ion Exchange (India) is currently trading at Rs. 528.60, up by 8.80 points or 1.69% from its previous closing of Rs. 519.80 on the BSE. The scrip opened at Rs. 519.85 and has touched a high and low of Rs. 544.00 and Rs. 519.85 respectively. So far 26617 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 609.20 on 25-Jul-2023 and a 52 week low of Rs. 150.07 on 29-Jul-2022. Last one week high and low of the scrip sto...
Ion Exchange gains on reporting 22% rise in Q1 consolidated net profit
Ion Exchange gains on reporting 22% rise in Q1 consolidated net profit
Source: Accord Fintech
28/07/2023 2:51:08 PM
Roto Pumps soars on bagging order worth Rs 3.63 crore Roto Pumps is currently trading at Rs. 333.75, up by 9.20 points or 2.83% from its previous closing of Rs. 324.55 on the BSE. The scrip opened at Rs. 329.95 and has touched a high and low of Rs. 333.90 and Rs. 326.20 respectively. So far 972 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 408.58 on 16-Jun-2023 and a 52 week low of Rs. 200.00 on 25-Oct-2022. Last one week high and low of the scrip stood at Rs. 34...
Roto Pumps soars on bagging order worth Rs 3.63 crore
Roto Pumps soars on bagging order worth Rs 3.63 crore
Source: Accord Fintech
28/07/2023 10:24:58 AM
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd Result Synopsis FNXP’s Q1FY24 performance was largely in-line with our estimates wherein pipe division registered better than expected numbers, while resin segment crippled overall growth. Pipe segment’s volumes came in at 92,181Te, a growth of 28%YoY & 13%QoQ (notably, 4-year CAGR is flat). Strong demand from agri & plumbing segment aided the volume growth for plastic pipes. Drop in PVC resin prices lead to contraction in ASP from Rs135/Kg in previous quarter to Rs125/...
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Ltd
Source: Yes Securities Ltd
24/07/2023 11:32:04 AM
Venus Pipes & Tubes moves up on commencing commercial production of LSAW pipes Venus Pipes & Tubes is currently trading at Rs. 1203.80, up by 6.10 points or 0.51% from its previous closing of Rs. 1197.70 on the BSE. The scrip opened at Rs. 1200.05 and has touched a high and low of Rs. 1210.10 and Rs. 1198.00 respectively. So far 889 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1223.00 on 19-Jul-2023 and a 52 week low of Rs. 350.00 on 21-Jul-2022. Last one week high and low of the s...
Venus Pipes & Tubes moves up on commencing commercial production of LSAW pipes
Venus Pipes & Tubes moves up on commencing commercial production of LSAW pipes
Source: Accord Fintech
21/07/2023 10:05:29 AM
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant Captain Pipes is currently trading at Rs. 27.20, up by 0.39 points or 1.45% from its previous closing of Rs. 26.81 on the BSE. The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.00 and Rs. 27.00 respectively. So far 245028 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.79 on 23-May-2023 and a 52 week low of Rs. 3.96 on 21-Jul-2022. Last one week high and low of the scrip stood at Rs. 30.8...
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant
Source: Accord Fintech
19/07/2023 11:44:12 AM
Hariom Pipe Industries soars on commencing production of MS Pipe Mills, Galvanised Pipe Mill and Cold Roll Mill Hariom Pipe Industries is currently trading at Rs. 666.35, up by 9.50 points or 1.45% from its previous closing of Rs. 656.85 on the BSE. The scrip opened at Rs. 665.00 and has touched a high and low of Rs. 678.50 and Rs. 661.95 respectively. So far 6658 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 694.55 on 16-Jun-2023 and a 52 week low of Rs. 187.60 on 01-Jul-2022. Last one week high and low of the scrip s...
Hariom Pipe Industries soars on commencing production of MS Pipe Mills, Galvanised Pipe Mill and Cold Roll Mill
Hariom Pipe Industries soars on commencing production of MS Pipe Mills, Galvanised Pipe Mill and Cold Roll Mill
Source: Accord Fintech
30/06/2023 2:33:03 PM
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities Challenging times ahead, performance will be gauged closely!   We interacted with Mr. Venkatramani, CFO of Greenpanel Industries Ltdto understand the on-going trends & development, following are the key highlights from the same: * Demand: Seasonally Q1 is a weak quarter and hence demand is subdued. Moreover, there is some pressure from new domestic capacities & imports as well. * Pricing: Domestic prices continue to remain steady while there is a 5-6% hike in export p...
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Source: Yes Securities
22/06/2023 2:13:44 PM
Kalpataru Projects International inches up on getting nod to raise Rs 300 crore through NCDs Kalpataru Projects International is currently trading at Rs.534.80, up by 0.15 points or 0.03% from its previous closing of Rs. 534.65 on the BSE. The scrip opened at Rs. 539.95 and has touched a high and low of Rs. 539.95 and Rs. 531.35 respectively. So far 2588 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 597.15 on 13-Mar-2023 and a 52 week low of Rs. 345.00 on 06-Jul-2022. Last one week high and low of the...
Kalpataru Projects International inches up on getting nod to raise Rs 300 crore through NCDs
Kalpataru Projects International inches up on getting nod to raise Rs 300 crore through NCDs
Source: Accord Fintech
22/06/2023 11:16:30 AM
signet Industries trades jubilantly on bagging orders worth Rs 120 crore Signet Industries is currently trading at Rs. 50.25, up by 6.84 points or 15.76% from its previous closing of Rs. 43.41 on the BSE. The scrip opened at Rs. 43.55 and has touched a high and low of Rs. 52.09 and Rs. 43.55 respectively. So far 255400 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.09 on 13-Jun-20223 and a 52 week low of Rs. 30.80 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
signet Industries trades jubilantly on bagging orders worth Rs 120 crore
signet Industries trades jubilantly on bagging orders worth Rs 120 crore
Source: Accord Fintech
13/06/2023 11:21:40 AM
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities Will underperform Vs peers, retain SELL!   Result Synopsis Post a robust Q3FY23, Finolex Industries Ltd (FNXP) registered pipe volumes of 81,452Te, a growth of 4%YoY & a decline of 10%QoQ. Demand for pipes was strong from construction & agri segment. Resin biz’s volumes stood at 58,132Te, a degrowth of 27%YoY & 10%QoQ. External sales came in at 6% of total resins vols Vs 8% in previous quarter. ASP per Kg for Pipes came in at Rs135 Vs Rs162/Rs119 in Q4FY22/Q3FY...
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities
Sell Finolex Industries Ltd For Target Rs.140 - Yes Securities
Source: Yes Securities Ltd
7/06/2023 4:14:07 PM
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 736 - Geojit Financial Services Ltd Margin expands...demand outlook healthy Prince Pipes & Fittings Ltd. (PPFL) is one of the leading manufacturers of plastic pipes in India, with 5.5% of the overall market share. Products are marketed under the brand names: Prince Piping Systems and Trubore. * In Q4FY23, revenue declined by 15% YoY, largely due to a 27.5% YoY decline in RM prices. * Gross margin improved by 570bps YoY on account fall in input costs. EBITDA grew by 6% YoY, and margin improved by 380bps YoY to 19.4%...
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 736 - Geojit Financial Services Ltd
Accumulate Prince Pipes and Fittings Ltd For Target Rs. 736 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2/06/2023 3:00:12 PM
Venus Pipes & Tubes rises on commencing commercial production of mother hollow pipes The scrip opened at Rs. 993.90 and has touched a high and low of Rs. 997.35 and Rs. 967.55 respectively. So far 4294 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 997.35on 25-May-2023 and a 52 week low of Rs. 316.40 on 01-Jun-2022. Last one week high and low of the scrip stood at Rs. 997.35 and Rs. 904.15 respectively. The current market cap of the company is Rs. 1970.55 crore. The promoters holding in the co...
Venus Pipes & Tubes rises on commencing commercial production of mother hollow pipes
Venus Pipes & Tubes rises on commencing commercial production of mother hollow pipes
Source: Accord Fintech
25/05/2023 10:23:38 AM
Finolex Industries Q4 net profit down 67.93% at Rs 158.35 cr The company reported standalone net profit of Rs 158.35 crore for the quarter ended March 31, 2023 as compared to Rs 493.80 crore in the same period last year, registering a year-on-year decline of 67.93 per cent. Net revenue of the company declined substantially by 28.44 per cent at Rs 1,141.06 crore in January-March quarter of this fiscal as against Rs 1,594.57 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 30.55 per cent to Rs 923.6...
Finolex Industries Q4 net profit down 67.93% at Rs 158.35 cr
Finolex Industries Q4 net profit down 67.93% at Rs 158.35 cr
Source: Dion Global Services Ltd
23/05/2023 3:31:10 PM
Indian Hume Pipe Company rises on executing agreement with Kalpataru Indian Hume Pipe Company is currently trading at Rs. 141.45, up by 1.60 points or 1.14% from its previous closing of Rs. 139.85 on the BSE. The scrip opened at Rs. 139.40 and has touched a high and low of Rs. 144.00 and Rs. 136.00 respectively. So far 9524 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.95 on 21-Sep-2022 and a 52 week low of Rs. 115.55 on 28-Mar-2023. Last one week high and low of the scrip ...
Indian Hume Pipe Company rises on executing agreement with Kalpataru
Indian Hume Pipe Company rises on executing agreement with Kalpataru
Source: Accord Fintech
22/05/2023 11:02:49 AM
Jindal SAW shines on reporting 2- fold jump in Q4 consolidated net profit Jindal Saw is currently trading at Rs. 187.30, up by 12.65 points or 7.24% from its previous closing of Rs. 174.65 on the BSE. The scrip opened at Rs. 182.00 and has touched a high and low of Rs. 198.25 and Rs. 182.00 respectively. So far 731617 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 198.25 on 18-May-2023 and a 52 week low of Rs. 75.10 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Jindal SAW shines on reporting 2- fold jump in Q4 consolidated net profit
Jindal SAW shines on reporting 2- fold jump in Q4 consolidated net profit
Source: Accord Fintech
18/05/2023 3:03:57 PM
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities Result Synopsis The MDF biz of GREENP registered a decent volume of 137,265cbm, a growth of 10%YoY & 16%QoQ. Blended realizations declined sharply by 10%YoY & 8%QoQ owing to higher sales from exports which stood at 31% of total volumes as compared to 18%/21% in Q4FY22/Q3FY23 respectively wherein realizations contracted by 22%YoY & 6%QoQ. Consequently, margins of MDF biz came in at 21.9% (Vs est of 23%), as compared to 34.6%/25.6% in Q4FY22/Q3FY23 respectively. EBITDA/Cbm stood ...
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.449- Yes Securities
Source: Yes Securities
13/05/2023 10:52:23 AM
Texmo Pipes & Products gains on subscribing stake in Shree Venkatesh Polymers Texmo Pipes & Products is currently trading at Rs. 60.71, up by 0.75 points or 1.25% from its previous closing of Rs. 59.96 on the BSE. The scrip opened at Rs. 59.96 and has touched a high and low of Rs. 61.00 and Rs. 59.96 respectively. So far 1780 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.00 on 20-May-2022 and a 52 week low of Rs. 41.00 on 29-Mar-2023. Last one week high and low of the scrip stoo...
Texmo Pipes & Products gains on subscribing stake in Shree Venkatesh Polymers
Texmo Pipes & Products gains on subscribing stake in Shree Venkatesh Polymers
Source: Accord Fintech
4/05/2023 10:46:03 AM
Texmo Pipes and Products inches up on incorporating wholly owned subsidiary Texmo Pipes and Products is currently trading at Rs. 60.95, up by 0.03 points or 0.05% from its previous closing of Rs. 60.92 on the BSE. The scrip opened at Rs. 60.91 and has touched a high and low of Rs. 62.20 and Rs. 60.82 respectively. So far 4728 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.00 on 20-May-2022 and a 52 week low of Rs. 41.00 on 29-Mar-2023. Last one week high and low of the scrip stood ...
Texmo Pipes and Products inches up on incorporating wholly owned subsidiary
Texmo Pipes and Products inches up on incorporating wholly owned subsidiary
Source: Accord Fintech
2/05/2023 11:36:28 AM
Finolex Cables gains on planning to set up plant at Urse facility in Pune Finolex Cables is currently trading at Rs. 863.00, up by 5.30 points or 0.62% from its previous closing of Rs. 857.70 on the BSE. The scrip opened at Rs. 869.95 and has touched a high and low of Rs. 873.00 and Rs. 858.70 respectively. So far 3713 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 895.00 on 10-Apr-2023 and a 52 week low of Rs. 344.00 on 19-May-2022. Last one week high and low of the scrip stood at R...
Finolex Cables gains on planning to set up plant at Urse facility in Pune
Finolex Cables gains on planning to set up plant at Urse facility in Pune
Source: Accord Fintech
21/04/2023 10:09:04 AM
Finolex Cables gains on planning Rs 200 crore capex to expand manufacturing capacity in FY24 Finolex Cables is currently trading at Rs. 868.25, up by 2.20 points or 0.25% from its previous closing of Rs. 866.05 on the BSE. The scrip opened at Rs. 873.15 and has touched a high and low of Rs. 875.80 and Rs. 866.10 respectively. So far 9020 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 895.00 on 10-Apr-2023 and a 52 week low of Rs. 344.00 on 19-May-2022. Last one week high and low of the scrip stood at R...
Finolex Cables gains on planning Rs 200 crore capex to expand manufacturing capacity in FY24
Finolex Cables gains on planning Rs 200 crore capex to expand manufacturing capacity in FY24
Source: Accord Fintech
20/04/2023 12:15:06 PM
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities Result Synopsis Greenpanel Industries Ltd (GREENP), registered a sluggish quarter wherein top?line degrew by 8%QoQ & remained flattish YoY at Rs4.2Bn (Est Rs4.15Bn). MDF biz (86% revenue declined by 8.5% QoQ owing to 6% degrowth in volumes and 2.5% contraction in realization (export prices dropped sharply by 19%QoQ) over similar period. Plywood biz also reported benign numbers wherein volumes stood at 1.98msqm, degrowth of 3%QoQ & 19%YoY & realizations improved 6%YoY but contra...
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities
Buy Greenpanel Industries Ltd For Target Rs.445- Yes Securities
Source: Yes Securities
16/03/2023 3:37:44 PM
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities Result Synopsis Finolex Industries Ltd (FNXP), registered a strong quarter wherein revenue grew by 12%YoY & 20%QoQ. Pipe segment registered multi?quarter high volumes which stood at 90,936Te, a stellar growth of 92.4%YoY & 52.6%QoQ (3?year CAGR: 28%). The growth was driven by strong demand from agri segment coupled with some element of pent?up demand. However, ASP declined sequentially from Rs135/Kg to Rs119/Kg owing to declining PVC resin prices in first two months of Q3FY23. Simi...
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities
Sell Finolex Industries Ltd For Target Rs.127 - Yes Securities
Source: Yes Securities
15/03/2023 12:59:29 PM
Welspun Corp rises as its arm gets 'kitemark' certificate by BSI UK Welspun Corp is currently trading at Rs. 212.50, up by 1.95 points or 0.93% from its previous closing of Rs. 210.55 on the BSE. The scrip opened at Rs. 209.65 and has touched a high and low of Rs. 214.00 and Rs. 208.50 respectively. So far 29376 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 139.10 on 16-Mar-2022. Last one week high and low of the scrip stood at Rs...
Welspun Corp rises as its arm gets 'kitemark' certificate by BSI UK
Welspun Corp rises as its arm gets 'kitemark' certificate by BSI UK
Source: Accord Fintech
10/03/2023 3:22:50 PM
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities Expect margin tailwinds from Q4FY23 We recently interacted with the management of Finolex Industries (Finolex) and following are the key takeaways: 1) Demand from agriculture pipes is yet to pick-up in Q4FY23 post strong demand seen in Dec’22 (partly due to dealer restocking as PVC prices started to increase post a sharp decline). It is hopeful of better demand scenario in March as the busy season for agriculture has started (Feb-May) and PVC prices remain attractive post the steep c...
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities
Buy Finolex Industries Ltd For Target Rs.196 - ICICI Securities
Source: ICICI Securities Ltd
8/03/2023 11:37:36 AM
WPIL touches roof on bagging projects worth Rs 1225 crore from Madhya Pradesh Jal Nigam Maryadit WPIL is currently trading at its upper limit of Rs. 2038.85, up by 185.35 points or 10.00% from its previous closing of Rs. 1853.50 on the BSE. The scrip opened at Rs. 1865.05 and has touched a high and low of Rs. 2038.85 and Rs. 1865.00 respectively. So far 101974 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2038.85 on 03-Mar-2023 and a 52 week low of Rs. 830.00 on 31-Mar-2022. Last one week high and low of...
WPIL touches roof on bagging projects worth Rs 1225 crore from Madhya Pradesh Jal Nigam Maryadit
WPIL touches roof on bagging projects worth Rs 1225 crore from Madhya Pradesh Jal Nigam Maryadit
Source: Accord Fintech
3/03/2023 2:26:04 PM
Welspun Corp rises on securing contract for export of LSAW Pipes, Bends Welspun Corp is currently trading at Rs. 195.00, up by 2.30 points or 1.19% from its previous closing of Rs. 192.70 on the BSE. The scrip opened at Rs. 192.20 and has touched a high and low of Rs. 195.30 and Rs. 187.35 respectively. So far 29129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 135.55 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs...
Welspun Corp rises on securing contract for export of LSAW Pipes, Bends
Welspun Corp rises on securing contract for export of LSAW Pipes, Bends
Source: Accord Fintech
2/03/2023 2:35:41 PM
Jindal Saw zooms on reporting many fold jump in Q3 consolidated net profit Jindal Saw is currently trading at Rs. 114.40, up by 4.50 points or 4.09% from its previous closing of Rs. 109.90 on the BSE. The scrip opened at Rs. 116.90 and has touched a high and low of Rs. 121.75 and Rs. 112.20 respectively. So far 836492 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 121.75 on 27-Jan-2023 and a 52 week low of Rs. 75.10 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. ...
Jindal Saw zooms on reporting many fold jump in Q3 consolidated net profit
Jindal Saw zooms on reporting many fold jump in Q3 consolidated net profit
Source: Accord Fintech
27/01/2023 3:39:14 PM
Welspun Corp soars on commissioning Coke Oven plant in Anjar Welspun Corp is currently trading at Rs. 209.55, up by 5.85 points or 2.87% from its previous closing of Rs. 203.70 on the BSE. The scrip opened at Rs. 203.00 and has touched a high and low of Rs. 211.15 and Rs. 201.65 respectively. So far 20583 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 135.55 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs...
Welspun Corp soars on commissioning Coke Oven plant in Anjar
Welspun Corp soars on commissioning Coke Oven plant in Anjar
Source: Accord Fintech
26/12/2022 10:42:29 AM
Welspun Corp soars on getting possession of moveable properties from liquidator of ABG Shipyard Welspun Corp is currently trading at Rs. 245.30, up by 2.90 points or 1.20% from its previous closing of Rs. 242.40 on the BSE. The scrip opened at Rs. 242.65 and has touched a high and low of Rs. 246.70 and Rs. 242.05 respectively. So far 22268 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 298.35 on 22-Sep-2022 and a 52 week low of Rs. 135.55 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs...
Welspun Corp soars on getting possession of moveable properties from liquidator of ABG Shipyard
Welspun Corp soars on getting possession of moveable properties from liquidator of ABG Shipyard
Source: Accord Fintech
14/12/2022 3:25:52 PM
ISMT spurts on entering into Business Transfer agreement to sell 40 MW Captive Power Plant ISMT is currently trading at Rs. 55.35, up by 1.80 points or 3.36% from its previous closing of Rs. 53.55 on the BSE. The scrip opened at Rs. 54.85 and has touched a high and low of Rs. 55.90 and Rs. 54.60 respectively. So far 21503 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 74.35 on 28-Dec-2021 and a 52 week low of Rs. 44.05 on 25-Jan-2022. Last one week high and low of the scrip stood at Rs. 56.40 and Rs....
ISMT spurts on entering into Business Transfer agreement to sell 40 MW Captive Power Plant
ISMT spurts on entering into Business Transfer agreement to sell 40 MW Captive Power Plant
Source: Accord Fintech
12/12/2022 11:10:53 AM
Rama Steel Tubes rises on bagging two new orders worth around Rs 6.7 crore Rama Steel Tubes is currently trading at Rs. 175.60, up by 1.45 points or 0.83% from its previous closing of Rs. 174.15 on the BSE. The scrip opened at Rs. 177.80 and has touched a high and low of Rs. 179.80 and Rs. 174.95 respectively. So far 7269 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 181.55 on 18-Nov-2022 and a 52 week low of Rs. 42.74 on 20-Dec-2021. Last one week high and low of the scrip stood at ...
Rama Steel Tubes rises on bagging two new orders worth around Rs 6.7 crore
Rama Steel Tubes rises on bagging two new orders worth around Rs 6.7 crore
Source: Accord Fintech
5/12/2022 10:18:28 AM
Prince Pipes & Fittings soars on launching two new plumbing, drainage solutions Prince Pipes and Fittings is currently trading at Rs. 589.05, up by 26.85 points or 4.78% from its previous closing of Rs. 562.20 on the BSE. The scrip opened at Rs. 569.95 and has touched a high and low of Rs. 593.65 and Rs. 563.55 respectively. So far 13351 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 750.90 on 03-Dec-2021 and a 52 week low of Rs. 513.10 on 28-Oct-2022. Last one week high and low of the sc...
Prince Pipes & Fittings soars on launching two new plumbing, drainage solutions
Prince Pipes & Fittings soars on launching two new plumbing, drainage solutions
Source: Accord Fintech
2/12/2022 2:36:36 PM
Hariom Pipe Industries zooms on setting up 15 ton electric melting furnace Hariom Pipe Industries is currently trading at Rs. 313.70, up by 27.55 points or 9.63% from its previous closing of Rs. 286.15 on the BSE. The scrip opened at Rs. 287.20 and has touched a high and low of Rs. 319.40 and Rs. 287.20 respectively. So far 130378 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.40 on 25-Nov-2022 and a 52 week low of Rs. 169.35 on 11-May-2022. Last one week high and low of the scri...
Hariom Pipe Industries zooms on setting up 15 ton electric melting furnace
Hariom Pipe Industries zooms on setting up 15 ton electric melting furnace
Source: Accord Fintech
25/11/2022 2:51:51 PM
Reduce Finolex Industries Ltd For Target Rs.126 - Yes Securities Result Synopsis Finolex Industries Ltd registered revenue decline of 13%YoY & 21%QoQ to Rs9.41Bn. Though volume growth for PVC & Pipes segment came in at 4% & 7% YoY respectively, sharp contraction in PVC resin prices during the quarter lead to significantreduction in Avg.realizations. PVC realizations degrew by 29%YoY & pipes realizations declined by 17% over similar period. Owing to this steep fall in PVC prices (~35%), company witnessed inventory losses which resulted in...
Reduce Finolex Industries Ltd For Target Rs.126 - Yes Securities
Reduce Finolex Industries Ltd For Target Rs.126 - Yes Securities
Source: Yes Securities Ltd
27/10/2022 2:25:35 PM
Kriti Industries gains on acquiring 34.78% stake in FP Elite Energy Kriti Industries (India) is currently trading at Rs. 91.40, up by 0.45 points or 0.49% from its previous closing of Rs. 90.95 on the BSE. The scrip opened at Rs. 93.35 and has touched a high and low of Rs. 96.00 and Rs. 90.20 respectively. So far 659 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 146.00 on 28-Dec-2021 and a 52 week low of Rs. 63.75 on 20-Jun-2022. Last one week high and low of the scrip stood a...
Kriti Industries gains on acquiring 34.78% stake in FP Elite Energy
Kriti Industries gains on acquiring 34.78% stake in FP Elite Energy
Source: Accord Fintech
13/10/2022 10:09:30 AM
Indian Hume Pipe Company jumps on bagging order worth Rs 194 crore Indian Hume Pipe Company is currently trading at Rs. 183.15, up by 20.40 points or 12.53% from its previous closing of Rs. 162.75 on the BSE. The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 185.50 and Rs. 167.60 respectively. So far 40987 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 235.75 on 04-Feb-2022 and a 52 week low of Rs. 136.00 on 20-Jun-2022. Last one week high and low of the scr...
Indian Hume Pipe Company jumps on bagging order worth Rs 194 crore
Indian Hume Pipe Company jumps on bagging order worth Rs 194 crore
Source: Accord Fintech
7/10/2022 10:42:03 AM
DGTR recommends imposition of anti-dumping duty on Chinese steel tubes and pipes for five years With an aim to guard domestic players from cheap imports from the neighbouring country, the Directorate General of Trade Remedies (DGTR) works under the commerce ministry has recommended imposition of anti-dumping duty on Chinese steel tubes and pipes for five years. DGTR has recommended the duty on imports of 'stainless-steel seamless tubes and pipes' from China after concluding in its probe that the product has been exported at dumped prices into India, which impacted the domesti...
DGTR recommends imposition of anti-dumping duty on Chinese steel tubes and pipes for five years
DGTR recommends imposition of anti-dumping duty on Chinese steel tubes and pipes for five years
Source: Accord Fintech
28/09/2022 10:32:19 AM
Swastik Pipe announces launch of initial public offering Swastik Pipe Ltd. has announced public offering of 6252000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 90.00 per share. The gross proceeds of the issue are expected to be Rs 6,252.00 lakhs. The company's initial public offer (IPO) will open on 29 September 2022 and is expected to close on 03 October 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 97.00-100.00 per share. The IPO includes a fresh Issue of 6252000 Equity Shar...
Swastik Pipe announces launch of initial public offering
Swastik Pipe announces launch of initial public offering
Source: Dion Global Solutions Ltd
23/09/2022 3:52:45 PM
Venus Pipes & Tubes surges as it all set to expand capacity for bigger diameter tube mill Venus Pipes & Tubes is currently trading at Rs. 569.90, up by 10.25 points or 1.83% from its previous closing of Rs. 559.65 on the BSE. The scrip opened at Rs. 559.40 and has touched a high and low of Rs. 582.70 and Rs. 558.95 respectively. So far 3785 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 586.65 on 20-Sep-2022 and a 52 week low of Rs. 316.40 on 01-Jun-2022. Last one week high and low of the scrip...
Venus Pipes & Tubes surges as it all set to expand capacity for bigger diameter tube mill
Venus Pipes & Tubes surges as it all set to expand capacity for bigger diameter tube mill
Source: Accord Fintech
22/09/2022 12:04:50 PM
Welspun Corp climbs on acquiring entire share capital of Nauyaan Shipyard Welspun Corp is currently trading at Rs. 272.30, up by 5.55 points or 2.08% from its previous closing of Rs. 266.75 on the BSE. The scrip opened at Rs. 269.40 and has touched a high and low of Rs. 274.75 and Rs. 268.35 respectively. So far 125548 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 274.75 on 20-Sep-2022 and a 52 week low of Rs. 121.95 on 20-Sep-2021. Last one week high and low of the scrip stood at R...
Welspun Corp climbs on acquiring entire share capital of Nauyaan Shipyard
Welspun Corp climbs on acquiring entire share capital of Nauyaan Shipyard
Source: Accord Fintech
20/09/2022 10:54:15 AM
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States Welspun Corp is currently trading at Rs. 256.55, up by 9.05 points or 3.66% from its previous closing of Rs. 247.50 on the BSE. The scrip opened at Rs. 252.30 and has touched a high and low of Rs. 258.70 and Rs. 251.00 respectively. So far 533731 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 267.50 on 15-Sep-2022 and a 52 week low of Rs. 119.20 on 17-Sep-2021. Last one week high and low of the scrip stood at R...
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States
Welspun Corp soars on securing order for Carbon Capture Pipeline project in United States
Source: IANS
19/09/2022 10:06:25 AM
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd Margins disappoint, downgrade to Neutral! Our view and valuation Finolex Industries Ltd (FIL), reported a soft quarter wherein PVC biz volumes grew by 25%YoY & declined 21%QoQ. Pipe volumes increased by 29%YoY & degrew by 9%QoQ in Q1FY23 which was largely driven by higher growth in non?agri biz. However, margins witnessed a sharp contraction from 21.7%/16.6% in Q1FY22/Q4FY22 respectively to 10.6% in Q1FY23 owing to inventory loss due to sharp fall in PVC prices coupled with high...
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd
Buy Finolex Industries Ltd For Target Rs.139- Yes Securities Ltd
Source: Yes Securities Ltd
1/09/2022 10:32:42 AM
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers Disappointing performance, near-term pain to persist; retaining a Buy Finolex’s Q1 FY23 revenue grew 23% y/y to Rs11.9bn. Higher input prices slashed the gross margin 726bps y/y to 32.8%. This and higher other operating expenses further hurt the EBITDA margin, which contracted 1,112bps y/y to 10.6%. Higher other income and lower tax restricted the decline in PAT (Rs992m) to 32% y/y (ARe: revenue/EBITDA margin/ PAT of Rs13.2bn/16.3%/Rs1.6bn). The performance considerably belied our ex...
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers
Buy Finolex Industries Ltd For Target Rs.173 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
29/07/2022 12:44:34 PM
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital Higher raw material prices weighed on margins Summary Finolex Industries’ (FIL) Q1FY23 result was a mixed bag as net sales was beat to our estimate, while margins disappointed owing to inflationary raw material prices. Higher raw material prices dented on demand economics which in turn resulted in lower agri-pipes off-take. However, on a positive note non-agri pipes demand traction was encouraging. The management guided that softening of raw material prices will ease the pricing ...
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Buy Finolex Industries Ltd For Target Rs.195 - IDBI Capital
Source: IDBI Capital Ltd
26/07/2022 2:42:10 PM
Apollo TriCoat Tubes Q1 net profit down 35.07% at Rs 30.70 cr The company reported standalone net profit of Rs 30.70 crore for the quarter ended June 30, 2022 as compared to Rs 47.28 crore in the same period last year, registering a year-on-year decline of 35.07 per cent. Net revenue of the company rose substantially by 37.87 per cent at Rs 775.79 crore in April-June quarter of this fiscal as against Rs 562.69 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 46.14 per cent to Rs 748.42 crore from...
Apollo TriCoat Tubes Q1 net profit down 35.07% at Rs 30.70 cr
Apollo TriCoat Tubes Q1 net profit down 35.07% at Rs 30.70 cr
Source: Dion Global Solutions Ltd
26/07/2022 11:22:14 AM