Under Rs 120: NSE SME Adhesive Tapes Manufacturing Stock Rallies Over 10 Per cent Today – Here's Why!
Incorporated in 2002, Srivasavi Adhesive Tapes Ltd, an ISO 9001:2015 certified company by TUV Nord, specializes in manufacturing and coating industrial specialty self-adhesive tapes, as well as customized die cutting of films, foams, and allied products for various industries. The company has recently received a purchase order worth Rs 80.69 lakh, inclusive of GST, from Steel Authority of India Limited (SAIL) for the supply of Surface Protection Film - Laser. The contract is set to be executed within 36 weeks.
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Today, the shares of Srivasavi Adhesive Tapes Ltd rallied over 10 per cent and hit a high of Rs 119 and currently, are trading at around Rs 115 per share on the NSE. The company’s current market capitalization stands at Rs 162.79 crore.
The company doesn’t announce Quarterly Results and as per half-yearly results in March 2024, Srivasavi Adhesive Tapes Ltd recorded a revenue of Rs 37.26 crore compared to Rs 28.61 crore. The operating profit stood at Rs 3.58 crore. The net profit stood at Rs 2.39 crore compared to a profit of Rs 1.81 crore. Looking at the annual performance, the company generated a revenue of Rs 77.33 crore in FY24. The operating profit for FY24 was Rs 7.76 crore with a net profit of Rs 5.15 crore compared to a net profit of Rs 3.62 crore in FY23 representing a 42 per cent growth on a YoY basis.
ITD Cementation India Limited is engaged in various sectors, offering a wide range of services. These include maritime structures such as jetties, berths, and dry docks; urban infrastructure projects like MRTS, airports, and underground tunnels; and construction of highways, bridges, and flyovers. The company also undertakes industrial structures and buildings for sectors like steel, refineries, and power, along with hydro projects, dams, and tunnels.
Additionally, ITD Cementation provides foundation and specialist engineering services and works on water infrastructure projects, including water treatment and sewerage plants.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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