GeeCee Ventures reported strong consolidated quarterly numbers for December 2023 with net sales of Rs. 13.72 crore, a 69.3% increase from the previous year. The net profit also saw a significant jump of 327.63%, reaching Rs. 9.20 crore. EBITDA increased to Rs. 10.35 crore, a 238.24% rise. The EPS has increased to Rs. 4.40 and the stock has given.
Open FlipDelhi-based company Ideaforge Technology, which specializes in drone manufacturing, had a successful IPO in 2023 and is currently trading at ₹732, 9% higher than its IPO price. The stock saw a huge jump on listing day but has been on a downward trend since then, hitting a record low of ₹689 last week. However, brokerage house Asian Market Sec has initiated coverage on the stock with a buy call.
Open FlipTamilnadu Petroproducts reported its consolidated quarterly results for December 2023, with net sales at Rs. 345.88 crore, down 32.25% from the same period in 2022. Their quarterly net profit also saw a decrease of 82.73%, standing at Rs. 4.54 crore. EBITDA was down 25.07% at Rs. 28.25 crore. EPS decreased to Rs. 0.50.
Open FlipStandard Capital Markets Ltd, a penny stock priced below ₹5, has been regularly hitting the upper circuit recently. Today, it opened with an upside and touched an intraday high of ₹3.09 on the NSE. The small-cap stock has also hit its 52-week high of ₹3.32 on February 15, 2024 and has seen an increase in trade volume. It is now just 7% away from its 52-week high.
Open FlipBSNL has issued a tender worth Rs 65,000 crore to implement the third phase of BharatNet project, aiming to connect 164,000 existing and 47,000 new gram panchayats. The tender will provide opportunities for both domestic and foreign telecom equipment companies, with BSNL expecting to provide 15 million FTTH connections in five years.
Open FlipPolychem reported positive financial results for the quarter ending December 2023, with net sales increasing by 7.13% and net profit rising by 12.49%. EBITDA also showed a 5.12% increase and earnings per share (EPS) grew to Rs. 43.14 from Rs. 38.35 in the same period last year. The company's stock has performed well, with a 72.18% return over the past 6 months.
Open FlipInox Wind reported strong performance in the December 2023 quarter, with net sales increasing by 122.56% and net profit increasing by 100.63% compared to the same period in the previous year. EBITDA also saw a significant increase of 155.78%. The company's stock has shown remarkable growth, with a return of 223.38% in the last 6 months and 552.28% in the last 12 months.
Open FlipIndia Pesticides reported a decline in quarterly numbers for December 2023, with net sales at Rs. 150.68 crore and a net profit of Rs. 23.99 crore, down by 30.77% and 31.06%, respectively. The company's EBITDA also decreased to Rs. 37.10 crore, and its EPS dropped from Rs. 3.02 to Rs. 2.09. India Pesticides stock closed.
Open FlipVibhor Steel Tubes' IPO was a huge success, with the stock debutting at a 180% premium and receiving overwhelming investor response, being subscribed over 300 times. It boasts strong fundamentals, diverse product portfolio, and consistent financial performance, making it well-positioned for growth. However, its high valuation may pose risks in the long run.
Open FlipDMCC Speciality Chemicals reported a strong financial performance in the December 2023 quarter, with a significant increase in net sales, net profit, and EBITDA. The company's EPS also saw improvement. Over the past 6 months, DMCC's shares have given a return of 6.52% and over the past 12 months, a return of 24.38%. The company's consolidated quarterly results show a positive trend.
Open FlipUnicommerce, a SaaS platform preparing for an IPO, is expanding its overseas operations by taking on more clients. They currently serve 46 clients in countries like Singapore, the Philippines, and the UAE, and are looking to add more. The company sees international markets as a key area of growth and already works with notable brands like Redtag and Edamama.
Open FlipHarrisons Malayalam reported its consolidated quarterly results for December 2023, with a decrease in net sales and net profit compared to the same period in 2022. However, EBITDA increased by 4.29% and the company's shares have seen a 24.70% return in the last 6 months and 34.87% over the last 12 months. The company's basic EPS has decreased to Rs. 3.62!
Open FlipReported Consolidated quarterly numbers for Ashoka Buildcon are: Net Sales at Rs 2,657.12 crore in December 2023 up 35.83% from Rs. 1,956.25 crore in December 2022. Quarterly Net Profit at Rs. 107.30 crore in December 2023 down 21.16% from Rs. 136.10 crore in December 2022.EBITDA stands at Rs. 638.80 crore in December 2023 up 20.49% from Rs. 530.19 crore in December 2022.
Open FlipPocket FM, a popular audio series platform, will invest $40 million in its new online reading service called Pocket Novel. The aim is to expand into the literary landscape and develop intellectual properties. Similar to YouTube, Pocket Novel allows writers to upload novels and earn compensation. They currently focus on Hindi but plan to expand to other languages.
Open FlipThe latest quarterly consolidated results for Escorts Kubota showed growth in net sales, net profit, and EBITDA. The company's EPS also increased from the previous quarter. Shares closed at a positive note on February 19, 2024, with a return of 3.96% in the past 6 months and 41.34% in the past 12 months. Expenses in areas like raw materials, stocks.
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