Review

NAVA BHARAT VENTURES LTD. 

Ticker : 513023 
FV : Rs 2 
52-Week H/L : Rs 210.85/99.2 

We recommended Nava Bharat Ventures Limited in volume no. 38, issue no. 31 (dated May 23, 2022) when the scrip was trading at Rs 176.80. On a consolidated basis, the company saw an improvement of 47.6 per cent in net sales and other operating income at Rs 1,016.47 crore in Q4FY22 than Rs 688.67 crore reported in Q4FY21. The operating profit grew to Rs 525.56 crore in Q4FY22, increasing by 42.92 per cent as compared to an operating profit of Rs 367.73 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 359.65 crore as compared with the net profit of Rs 159.42 crore in Q4FY21, improving strongly beyond 100 per cent. The stellar quarterly performance was backed by solid traction in the manganese alloy business in both export and domestic markets. Within four days of the robust Q4FY22 results declaration, the shares of Nava Bharat Ventures jumped almost 33 per cent. Hence, we recommend our investor-readers to BOOK PROFIT at Rs 199.85 with a gain of 13.04 per cent.