DSIJ Mindshare

In the short term, the company has achieved a commendable 24.62 per cent growth in just one week. Furthermore, its robust performance is underscored by a solid 17.49 per cent increase over the past month. Impressively, the company has outperformed expectations with a remarkable 60.94 per cent growth over the last three months. Looking at the broader picture, Kotyark Industries has delivered a mulibagger returns of 140.52 per cent over the past one year.

The shares of the company have a PE of 26.4x, an ROE of 15.4 per cent and an ROCE of 8.2 per cent.

Over the last three decades, the Company has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 MTPA in India and the USA. Its next phase of growth in India will take its total capacity to 38.5 MTPA by FY25. The Company’s manufacturing unit in Vijayanagar, Karnataka is the largest single-location steel plant in India with the current capacity of 12.5 MTPA, increasing to 19.5 MTPA by FY25.

With 1257 advancing stocks against 794 declining ones, the broader market exhibited a positive sentiment.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.