Consumer Durables Company Forms a Joint Venture with Yujin Machinery India Pvt Ltd to Manufacture Railway Components for India Railways & Vande Bharat Trains
Consumer Durables Company Forms a Joint Venture with Yujin Machinery India Pvt Ltd to Manufacture Railway Components for India Railways & Vande Bharat Trains

Consumer Durables Company Forms a Joint Venture with Yujin Machinery India Pvt Ltd to Manufacture Railway Components for India Railways & Vande Bharat Trains

It has also ventured into the renewable energy sector, focusing on the manufacturing of solar inverters and components.

Kiran Shroff Article rating: 3.8

The company's core business lies in the manufacturing of air conditioning components, including evaporators, condensers, and heat exchangers.

Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake!
Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake!

Hot Stock: This consumer durables company enters into a joint venture partnership with Noise; FIIs increased stake!

The stock has delivered strong returns over the past 5 years, with a multibagger return of over 220 per cent.

Kiran Shroff Article rating: 5.0

According to the quarterly results, the net sales decreased by 6.79 per cent to Rs 1,702 crore, operating profit increased by 33.33 per cent to Rs 132 crore and net profit increased by 9.30 per cent to Rs 47 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 64.69 per cent to Rs 6,927 crore and net profit increased by 47.74 per cent to Rs 164 crore compared to FY22.

FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!
FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

The stock has delivered strong returns over the past 5 years, with a multibagger return of over 200 per cent.

Kiran Shroff Article rating: 3.7

According to the quarterly results, the net sales decreased by 6.79 per cent to Rs 1,702 crore, operating profit increased by 33.33 per cent to Rs 132 crore and net profit increased by 9.30 per cent to Rs 47 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 64.69 per cent to Rs 6,927 crore and net profit increased by 47.74 per cent to Rs 164 crore compared to FY22.

Overnight Digest: Stocks to be kept an eye on May 17
Overnight Digest: Stocks to be kept an eye on May 17

Overnight Digest: Stocks to be kept an eye on May 17

India VIX gained 4.4 per cent and closed at 24.53 level.

Shreya Chaware Article rating: 4.3

On Monday, the auto & banking stocks kept the benchmark indices in the positive territory as the rising inflation and its impact on discretionary spending kept investors cautious. 

Overnight Digest: Stocks likely to be in focus on February 7
Overnight Digest: Stocks likely to be in focus on February 7

Overnight Digest: Stocks likely to be in focus on February 7

On Friday, auto, PSU Bank and realty indices were down 1-2 per cent, while metal index shined gaining over 1 per cent. BSE midcap index fell 0.68 percent and smallcap index shed 0.45 per cent.

Shreya Chaware Article rating: 4.2

On Friday, the benchmark indices ended the week in red in the volatile session on with selling seen in the PSU Bank, auto and realty stocks.

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