New project for setting up a greenfield float glass plant is progressing quite well and we target to commence operations in Q2 FY 24-25

Can this small finance bank offer a bundle of surprises to its shareholders and earn a tag of small size but big bang in performance?

The e-bus division has recorded a revenue of Rs 279.4 crore for the quarter ended June 30, 2022, against Rs 23.4 crore for the corresponding quarter ended June 30, 2021, resulting in significant growth of 1,096 per cent mainly due to the supply of electric buses (169 buses in Q1 22-23 against only 11 buses in Q1 2022-23) and higher operating income recorded in the current quarter from Pune bus operations.  

Company's ability to ensure continuous supply to our customers has resulted in customers revising their volume guidance upwards for the current financial year along with the increase in the price of these products

The stock also witnessed a triangular consolidation pattern of 27 trading sessions and has been trading above its 20-DMA. Moreover, the 20-DMA is on a rising trajectory. The daily 14-period RSI is seen rebounding after forming a base at the nine-period average thereby, supporting the positive bias.