DSIJ Mindshare

According to the financials, SMIORE has a market cap of Rs 3,500 crore with a 3-year CAGR of 90 per cent. The company reported positive numbers in its quarterly results and annual results. The stock gave multibagger returns of 125 per cent in just 2 years and over 570 per cent in a span of 3 years.

The company ranks among the world's largest welded line pipe manufacturers. 

According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent. The total unexecuted order book as of April 30, 2023 stands at Rs 229 crore.

On Thursday, at 03:30 pm, indices ended the trading session in red with the BSE Sensex Index down 0.49 per cent at 62,917.63 and the NSE Nifty-50 Index down 0.36 per cent at 18,688.10. 

On June 15, the market is expected to open slightly lower based on the negative start indicated by the SGX Nifty. The benchmark indices are projected to begin with a loss of 11 points, having initially opened the session at 18,777 points. During early trade on June 15, SGX futures reached a high of 18,859.