DSIJ Mindshare

Nifty Mid-cap and Nifty Small-cap opened higher, up by 0.41 per cent and 0.9 per cent respectively.

The venture will establish a manufacturing facility to produce gas meters. It will assemble and manufacture SKD and FM gas meters, and sell, distribute, and supply gas meters, HHU, and DCU. It will also assemble, manufacture, sell, distribute, and supply other meters, including water and utility meters.

According to the standalone quarterly results (Q1FY24), the net sales increased by 11.35 per cent to Rs 13.20 crore and net profit skyrocketed 220 per cent to Rs 0.32 crore in Q1FY24 over Q1FY23. According to the consolidated quarterly results (Q1FY24), the net sales increased by 21.52 per cent to Rs 14.40 crore and net profit skyrocketed 220 per cent to Rs 0.32 crore in Q1FY24 over Q1FY23.

Shares of this company have gained more than 40 per cent in the last one year.

The company is positioning itself for significant growth in the electric-mobility domain.