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Compared to its previous BSE closing price of Rs 593.15, Wonderla Holidays shares soared 6.81% to Rs 633.55. Today’s stock price entry was higher at Rs 604.

INTRODUCTION

After the board of the amusement park company declared a final dividend of Rs 2.50/- (25%) per equity share with a nominal value of Rs 10/- each for the financial year ending 2023, shares of Wonderla Holidays Ltd.

• Compared to its previous BSE closing price of Rs 593.15, Wonderla Holidays shares soared 6.81% to Rs 633.55. Today’s opening price for the stock was Rs 604.

• The stock has increased 166.13% in a year and 78.27% since the start of current year. Later, the stock’s BSE closing price was 5.2% higher at Rs 624.

• Technically speaking, Wonderla Holidays’ relative strength index (RSI) is 67.4, indicating that the stock is neither overbought nor oversold at this time.

• The share price of Wonderla Holidays is above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

A total of 0.34 lakh shares of the company were traded, resulting in a turnover on the BSE of Rs 2.10 crore. Wonderla Holidays’ market value increased to Rs. 3534.70 billion. On July 27, 2022, the stock decreased to a 52-week low of Rs 226.20.

The company Wonderla Holidays operates resorts and amusement parks. Amusement park, resort, and other business segments make up the corporation. Sales of goods, prepared food, packaged foods, and other items are all included in the category for others.

Under the Wonderla brand, the corporation runs roughly three amusement parks in Kochi, Bangalore, and Hyderabad. Over 61 exhilarating rides at Wonderla Bangalore, which occupies an area of almost 80 acres, provide amusement and excitement for people of all ages.

CONCLUSION

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Compared to its previous finish of Rs. 532.50 on the BSE, Marico shares increased 2.46% to Rs. 545.60.

Shares of Marico Ltd rose more than 2% today after the FMCG giant announced it has signed agreements to buy up to 58% of Satiya Nutraceuticals Private Limited’s paid-up share capital on a fully diluted basis.

• Compared to its previous finish of Rs. 532.50 on the BSE, Marico shares increased 2.46% to Rs. 545.60. The large cap stock has increased 7.52% since the start of this year and 5.71% over the past year.

• The company’s market value increased to Rs 70,432 crore on the BSE. On April 20, 2023, the stock hit a 52-week low of Rs. 462.95 and on June 1, 2023, it reached a 52-week high of Rs. 559.

• A total of 0.24 lakh shares were traded, totaling Rs. 1.27 crore in turnover. The price of Marico shares is currently above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Satiya Nutraceuticals, with its headquarters in Mumbai, is the owner of “The Plant Fix- Plix,” a well-known plant-based nutrition brand with a significant market share in the quickly expanding health & wellness sector, according to a regulatory filing by Marico.

For Rs 369 crore, Marico will purchase the company’s majority interest. In addition, Marico intends to purchase a further 22.5 percent of Satiya Nutraceuticals, which will be done in a single or several installments by May 2025.

The brokerage claimed that Marico will meet its FY24 sales target of Rs 400 crore with the aid of the Plix brand.

“The acquisition will help Marico expand into value-added wellness and nutrition portfolio and has a target of scaling up its foods, digital-first, and personal care portfolios,” stated Morgan Stanley.

CONCLUSION

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According to its FY22 annual report, it stands to gain from the government’s policy on vehicle scrapping.

INTRODUCTION

A rapid increase in the local equities market has created a buzz on Dalal Street for the small-cap public sector undertaking (PSU), MSTC Ltd.

• The company is positioned to gain from the vehicle scrapping program, according to a review of the annual report for FY22.

• The company reported a roughly 22% increase in consolidated net profit for the fiscal year that ended in March 2023, coming in at Rs 241.96 crore.

• On the other side, MSTC’s combined total sales fell by around 18% YoY to Rs 720.97 crore.

“MSTC is making a rounding formation on the long-term chart with a major breakout above the Rs 380 levels,” said Nirav Chheda, Senior Technical Analyst at Nirmal Bang Securities.

The operating performance of the business has been increasing, according to Kranthi Bathini, Equity Strategist at WealthMills Securities.

Through its joint venture, Mahindra MSTC Recycling Private Limited (MMRPL) with Mahindra Intertrade Ltd, it has also established India’s first authorized collection and dismantling center at Greater Noida for the scientific recycling of end-of-life vehicles (ELV) and white goods.

CONCLUSION

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Shares of IDBI Bank increased by 2.45% to Rs 58.85 on the BSE from their previous close of Rs 57.44. The company’s market value increased to Rs 62,729 crore.

INTRODUCTION

After the LIC-owned lender reported a 62% increase in consolidated profit for the quarter ended in June 2023, shares of IDBI Bank Ltd. increased by more than 2% today.

• Compared to the same quarter the prior year, the net profit increased to Rs 1224 crore in the first quarter, from Rs 756 crore.

• Comparing the June quarter to the first quarter of the previous fiscal, operating profit increased 47% to Rs 3,019 crore.

• The IDBI Bank’s net interest income increased 61% in the most recent quarter to Rs 3,998 crore from Rs 2,488 crore in Q1 2023.

In the first quarter of the current fiscal year, net interest margins (NIM) increased 178 basis points to 5.80% from 4.02% in the first quarter of 2023, indicating that IDBI Bank’s asset quality has improved.

The bank’s gross non-performing assets (NPAs) ratio decreased to 5.05% as of June 30, 2023 from 19.90% as of June 30, 2022, and its net NPA ratio also decreased to 0.44% from 1.26% as of June 30, 2022.

• As of June 30, 2023, net advances increased 20% YoY to Rs 165,403 crore from Rs 1,38,223 crore the previous year.

• the Provision Coverage Ratio (including technical write-offs) increased to 98.99% from 97.78% as of June 30, 2022.

• Following the release of the Q1 results, shares of IDBI Bank increased 2.45% to Rs. 58.85 from their previous close of Rs. 57.44 on the BSE.

• With today’s surge, the price of IDBI Bank has increased 6% so far this year. On the BSE, a total of 5.49 lakh shares were exchanged for a turnover of Rs 3.20 crore.

On July 27, 2022, the price of IDBI Bank stock reached a 52-week low of Rs 34.85 and a 52-week high of Rs 62 on January 1, 2023.

CONCLUSION

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Morgan Stanley predicts stable QoQ revenue growth of 42% YoY overall. It anticipates a consecutive growth of 43% YoY in payment and financial services.

INTRODUCTION

Paytm’s parent business, One97 Communications, will report its financial results for the quarter that concluded on June 30, 2023. Analysts predict that the corporation will announce a range of results for the first quarter of continuing financial.

• Following the release of the quarterly earnings, analysts following the stock feel that management commentary regarding operational performance, including being EBITDA positive, targeting positive free-cash flow (FCF), and the scalability of credit to merchants and users, will be crucial to monitor.

• Sequentially, we anticipate that adjusted EBITDA margin will increase by 0.6 percentage points to 3% and contribution margin will increase by 4% to 55%. A loss of Rs. 275 crore in adjusted EBITDA is anticipated.

• According to Paytm’s operating update from June 2023, financial services disbursements grew significantly in Q1FY24, driven by both higher volumes and larger ticket sizes. The business of payments reported improved GMV growth, which was primarily driven by a rise in payment volumes.

• Paytm may record an EBIT loss of Rs 450 crore, rising over 55.7 per cent sequentially. Net loss is projected at Rs 365 crore, more than doubling compared to Q4FY23. Dolat Capital forecasts Paytm’s sales to decrease marginally on a QoQ basis to Rs 2,295 crore, but up 37 per cent YoY.

In Q1, Paytm’s monthly performance showed double-digit YoY growth in GMV, MTU, and loans; as a result, we anticipate increased operational effectiveness. Revenue decline is a result of slower growth in the merchant payment industry. EBIT sequential fall principally brought on the base effect of Rs 49 crore UPI incentive in Q4. PAT Loss anticipated as a result of lower OI and increased tax outlay, it continued.

CONCLUSION

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Price of Reliance Infrastructure stock: The 14-day relative strength index (RSI) for the stock was 54.20. Oversold is defined as a value below 30, and overbought as a value beyond 70. In comparison to a price-to-book (P/B) ratio of 0.50, the company’s stock has a negative price-to-equity (P/E) ratio of 1.56.

In Wednesday’s trading, Reliance Infrastructure Ltd. shares increased significantly amid high volume. The stock increased 10.75% from its previous closing of Rs 141.90 to a day high of Rs 157.15.

• Approximately 34.20 lakh shares were traded on the BSE today, a significant increase from the 2.94 lakh share average for the prior two weeks.

• The counter’s turnover was Rs 49.72 crore, and it had a Rs 5,398.22 crore market capitalization (m-cap).

The stock was down 21.95% from its 52-week high of Rs 201.35, reached on September 2, 2022, at the day’s high price of Rs 157.15. Despite this, it has increased in value by 55.98% since reaching a low of Rs. 100.75 on July 19 of last year.

• “The stock has witnessed a decent spurt in the last two sessions from Rs 134 levels to touch the peak zone of Rs 157,” said Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher. It encounters resistance close to Rs 158.

• “The risk reward ratio is looking favourable and long-term investors can hold the stock,” said Milan Sharma, founder of 35North Ventures. The companies’ assets are quite valuable, and their cash flow is solid and predictable. Over the next 12 months, investors can purchase it with a target price of Rs 220.

The 14-day relative strength index (RSI) for the counter was 54.20. Oversold is defined as a value below 30, and overbought as a value beyond 70. In comparison to a price-to-book (P/B) ratio of 0.50, the company’s stock has a negative price-to-equity (P/E) ratio of 1.56.

CONCLUSION

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Shares of Rama Steel Tubes increased 7.92% intraday, closing at Rs. 42.24 on the BSE, up from their previous close of Rs. 39.14. The stock rose today, moving closer to the 52-week high of Rs. 46.10 reached on January 10, 2023.

INTRODUCTION

After signing a partnership with steel producer JSW Steel, Rama Steel Tubes Ltd. (RSTL) saw an 8% increase in its stock price today. Shares of Rama Steel Tubes increased 7.92% intraday, closing at Rs. 42.24 on the BSE, up from their previous close of Rs. 39.14.

On the BSE, the Rama Steel Tubes shares started unchanged at Rs. 36.61. In one year, Rama Steel Tubes stock increased by 152%, and it will increase by 14.56% in 2023. A total of 178.91 lakh shares of the company were traded, resulting in a BSE turnover of Rs. 69.46 crore. The company’s market value increased to Rs 1889.68 crore.

Technically, the stock’s relative strength index (RSI) is 64, indicating that it is neither oversold nor overbought. Its one-year beta is 1.4, which indicates that there was extremely significant volatility during that time. Shares of Rama Steel Tubes are trading above their respective moving averages of 5 days, 20 days, 50 days, 100 days, and 200 days.

With JSW Steel Limited, India’s largest steel producer, RSTL signs a strategic partnership that is noteworthy for the following reasons:

1. acquisition of hot-rolled coils (HRC), a component used in the production of steel pipes and tubes by RSTL.
2. JSW Steel’s HRC production is distributed throughout the entire western area.
3. Pre-galvanized pipes are being manufactured under a contract with JSW Steel Coated Products Ltd.

The MoU will enable RSTL to purchase 1.00.000 tonnes of HRC from JSW Steel on a pan-India basis to support its production of various steel tubes and pipes, according to Rama Steel. The MoU will provide RSTL more control over its supply chain and procurement while producing competitive raw material costs.

Steel pipes are manufactured and traded by Rama Steel Tubes Limited. Manufacturing steel pipes and associated goods is the company’s line of business. It produces and sells galvanised and black electric resistance weld (ERW) steel tubes.

CONCLUSION

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Price of Zomato: The 14-day relative strength index (RSI) for the security was 64.31. Oversold is defined as a value below 30, and overbought as a value beyond 70. The price-to-earnings (P/E) ratio of the company’s stock is 603.43, while the price-to-book (P/B) ratio is 3.39.

On Monday, shares of online food aggregator Zomato Ltd. declined, ending a five-day gaining streak. Over its previous level of Rs 82.47, the shares ended 2.78 percent lower at Rs 80.18. On Friday of previous week, it reached a 52-week high price of Rs 85.25.

• At its closing price today, it has increased by 49.59% over the last 12 months and 33.08% so far in 2023. Analysts claim that the company’s most recent earnings and global corporate restructuring have increased investor trust.

• According to the technological setup, support for the counter may be found between Rs. 70 and 75, while Zomato may encounter opposition between Rs. 85 and 90. One of the analysts added that the stock might surpass the Rs.100 mark by the end of 2023.

• The stock has given a price volume breakout over Rs 73-75 levels, according to Osho Krishan, Senior Analyst, Technical & Derivative Research at Angel One. The stock’s prospects is still encouraging, in our opinion.

• “The stock has witnessed a decent spurt from the consolidation phase of Rs 75 zone to resists near the peak of Rs 85 level with some profit booking witnessed,” said Vaishali Parekh, Vice-President of Technical Research at Prabhudas Lilladher.

• The 14-day relative strength index (RSI) for the counter was 64.31. Oversold is defined as a value below 30, and overbought as a value beyond 70. The price-to-earnings (P/E) ratio of the company’s stock is 603.43, while the price-to-book (P/B) ratio is 3.39. A one-year beta of 1.66 for the stock indicates strong volatility.

“Zomato is doing great for the last six months, especially after restructuring its global business,” says Vaibhav Kaushik, Research Analyst at GCL Broking. All drawbacks have now been factored in. By the end of the year, we have a target price of Rs 133.

INTRODUCTION

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On Monday, Vikas Lifecare’s shares increased by roughly 3% to Rs 3.15, commanding a market valuation of more over Rs 450 crore.

INTRODUCTION

Following the company’s announcement that it had entered into a joint venture (JV) agreement with Indraprastha Gas (IGL), via its subsidiary, to establish a new production facility, shares of Vikas Lifecare increased by 3% on Monday during trade.

• The first integrated smart metre manufacturing plant in India will be established through a joint venture between Vikas Lifecare’s subsidiary Genesis Gas Solutions and Indraprastha Gas Limited (IGL), according to the business in an exchange filing.

• The company noted in the exchange filing that the planned joint venture’s name is IGL Genesis Technologies and that it was established on June 15, 2023. It stated that the factory will require capital investments of Rs 110 crore.

• Following the news, Vikas Lifecare’s shares increased by roughly 3% on Monday to Rs 3.15, resulting in a market valuation of more over Rs 450 crore.

In accordance with the joint venture agreement, Genesis subscribed 4,90,000 equity shares, or 49% of the newly incorporated entity’s capital, compared to 5,10,000 equity shares, or 51%, subscribed by IGL.

• In addition to building a gas metre manufacturing facility, the company will continue to sell, distribute, and supply gas metres as well as continue to offer services for metre asset management.

• The business segments in which Vikas Lifecare is active include master-batches, compounds, and commodity polymer and rubber.

CONCLUSION

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Kotyark Industries’ shares increased 14.84% to Rs 698 from its previous close of Rs 607.75 on the NSE; the firm is not listed on the BSE.

INTRODUCTION

Kotyark Industries’ stock increased 14.84% to Rs 698 from its previous close of Rs 607.75 on the NSE. The company is not traded on the BSE.

Kotyark Industries’ stock has increased by 139.43% in a year and by 78.18% since the beginning of this year.

On the BSE today, 85,600 shares of the company changed hands for a total of Rs 5.59 crore. The company’s market capitalization increased to Rs 572 crore.

KOTYARK INDUSTRIES LTD SHARE PRICE

Kotyark Industries’ shares have a beta of 1.2, suggesting extremely high volatility over the course of a year. The stock is trading above its five-day, twenty-day, fifty-day, hundred-day, and two-hundred-day moving averages.

• “In aggregate, we have received a total order for the procurement of biodiesel of 200,70 KL with an estimated order value of Rs 178.00 Crore (approx.) from IOC, HPCL, and BPCL together,” the business stated.

• “An Allocation Sheet for Tender of Kotyark Industries Limited for procurement of biodiesel from Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) for the period July 2023 to September 2023 for 17,381 KL with an estimated order value of Rs 154.00 crore approx.”)

• Yamuna Bio Energy Private Limited (Amalgamating firm, a firm in the process of amalgamation with our company Kotyark Industries Limited) for the procurement of Biodiesel for 2,689 KL with an anticipated order value of Rs. 24.00 Cr.

The company focuses on green energy and the sustainable development of renewable resources (biofuel) through the application of ecologically friendly technology.

Kotyark Industries Limited, established in 2016, is a prominent operator in the manufacturing of biodiesel and its byproducts in the Indian state of Rajasthan.

CONCLUSION

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