DSIJ Mindshare

The significance lies in the fact that this breakout is accompanied by above-average volumes, which validates the Dow Theory principle of strength in numbers, highlighting larger participation in the direction of the trend.

Looking forward, the company plans to intensify its focus on research and development, aiming to fuel further growth through new product development

On Friday, the Sensex zoomed by 480 points to close at 65,721.25, while Nifty 50 surged by 133 points to close at 19,517

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 25.86 per cent to Rs 73 crore and net profit increased by 8.33 per cent to Rs 13 crore in Q4FY23 over Q4FY22. In FY23, the net sales increased by 15.81 per cent to Rs 271 crore and net profit increased by 10.87 per cent to Rs 51 crore over FY22.

Talking about the financials, V-Marc has a market cap of Rs 230 crore. According to the half-yearly results, the net sales increased by 6.40 per cent to Rs 133 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY23 compared to H2FY22. In FY23, the net sales increased by 38 per cent to Rs 247 crore and net profit increased by 100 per cent to Rs 10 crore compared to FY22.