In its annual results, the company reported net sales of Rs 5.39 crore and a net loss of Rs 3.40 crore.

At the closing bell, shares of the company saw heavy volumes, up 1.43 per cent to Rs 1.42 per share.

The company has a market cap of over Rs 14,000 crore and the company’s order book stands at Rs 947 crore as of June 30, 2024.

Shares of the company gained more than 15 per cent in the last six months.

As of March 2024, the promoters (President of India & Government of Karnataka) own a 90 per cent stake, FIIs own a 0.11 per cent stake, DIIs own a 0.02 per cent stake, the Government owns a 7.9 per cent stake and the public owns a 1.97 per cent stake.

The stock gave multibagger returns of 420 per cent in just 1 year whereas BSE Sensex is up by 21 per cent.

Market volatility, as indicated by India VIX, has rallied by 2.02 per cent, closing below 15 this is reflecting an increase in market volatility.

BSE-listed companies' market capitalisation is approximately - Rs 4.54 lakh crore or USD 5.43 trillion as of July 18, 2024.

About 1,425 stocks were advancing as against to 2,500 that were declining, thus indicating a negative sentiment in the broader market.

The shares of the company have a PE of 24x, an ROE of 22 per cent and an ROCE of 22 per cent.