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RMC Switchgears Share Buy

RMC Green Energy Pvt Ltd has received approval from Rajasthan Renewable Energy Corporation to set up a 50 MW renewable energy park in the state under the Rajasthan Renewable Energy Policy 2023. This is seen as a major achievement for the company and strengthens access to the solar park business for the parent company.

RMC Switchgears shares have gained more than 50% in the last month. The stock has given a strong return of 75% in the last six months. The company's shares have fallen 59% so far this year. Investors have given a return of 93% in the last one year and the stock has made a bumper profit of 5560% in the last three years.

RMC Switchgears is a Jaipur-based energy technology company. The company is working to transform India's energy infrastructure through innovative measures to prevent power theft and prevent power accidents. Specializing in manufacturing, supply, installation and O&M management, RMC provides customized solutions to utilities and discoms, with over 80% of its services designed for state PSUs and private utilities.

Lesha Industries Share  Buy

Many penny stocks in the stock market gave amazing returns to investors on Wednesday. One such stock is Lesha Industries Limited. The company's stock closed 13 per cent higher at Rs 4. During this deal, the company's stock jumped 20 per cent to Rs 4.24. The stock touched a high of Rs. 4.70 on July 15, 2024. This is the 52-week high for the stock. The stock hit a low of Rs. 2.38 in November 2023. This is the 52-week low for the stock.

The promoter holds 41.65 per cent stake in Lesha Industries Limited. At the same time, 58.35 per cent stake is held by public shareholders. Shalin Ashok Shah and Ashok Chinubhai Shah are the promoters. They hold 33.15 per cent and 16.52 per cent stake respectively.

Lesha Industries Limited reported net sales of Rs 6.74 crore in the June quarter. Sales grew 905.28 per cent as compared to the same quarter a year ago. The company's net profit stood at Rs 0.17 crore in the June quarter. This is a decline of 97.33 per cent as compared to the same quarter last year. The net profit at that time was Rs 6.32 crore.

Mazagon Dock Share Buy

However, Mazagon Dock's growth prospects are strong and ICICI Securities expects Mazagon Dock margins to remain high till FY27 as it has several large orders in the next 2-3 years.

ICICI Securities further said, “Further, as Mazagon Dock starts processing new orders, it expects significant growth in revenue. This could reduce the company's EBITDA margin by 12 to 15 per cent. Even after these cuts, the margin could remain higher than FY17-FY23.

Sanjeev Singhal of Mazagon Dock Shipbuilders said that the company has an order book of Rs 40,000 crore. This also includes orders for 30 ships to be delivered in the next few years. He expects to get new orders worth Rs 27,000 crore for the three submarines in the near future.

Reliance Power Share Buy

Reliance Power shares have gained more than 115% in the last one year. The company's shares were trading at Rs 17.39 on August 22, 2023. Reliance Power shares have reached Rs 37.97 on August 22, 2024. At the same time, Reliance Power shares have gained more than 55 per cent so far this year. The company's shares have risen 40% in the last one month.

Adani Power, a subsidiary of the Adani Group, is in talks for a big deal. Adani Power has started talks to buy the 600 MW Butibori Thermal Power Plant. The project was once owned by Anil Ambani's Reliance Power Company. According to sources, the deal could be between Rs 2,400-3,000 crore. The deal value could be Rs 4-5 crore per MW.

Sonata Software Share Buy

Sector and stock specific actions are visible due to global and domestic sentiment. IT stocks are recovering well on good signals from the US. Many of these stocks look attractive for investment. Brokerage firm ICICI Direct Research has picked small cap IT stock Sonata Software for purchase. The brokerage says that the long term growth outlook of the stock looks strong. Sonata Software shares started strong on Wednesday, August 21. But it fell more than 1 percent at the end of the transaction.

Brokerage firm ICICI Direct has recommended buying on Sonata Software. Also, the target price per share has been kept at Rs 770. This stock closed at Rs 615 on August 21, 2024. In this way, the stock can grow 25 percent from its current price. The stock return has been 19% in the last one year. The stock has declined about 26% in the last six months.

The brokerage firm says that the long term growth outlook of Sonata Software looks strong. The company expects the second quarter to be stronger than the first quarter. Strong growth is expected from the second half of FY25. The management is confident of reaching its target of $1.5 billion by FY27. The company's IIT pipeline is strong and it has received three large orders from healthcare, manufacturing and BFSI.

Kalyan Jewellers Share Buy

Kalyan Jewellers stock has climbed 60 per cent so far this year. The stock's 52-week high is Rs 633.35. The stock had reached this level on July 24. The stock has a 52-week low of Rs. 202.60. The stock had reached this level on September 25 last year. US private equity firm Warburg Pincus holds a 9.2 per cent stake in Kalyan Jewellers through Hydel. Warburg first invested in Kalyan Jewellers in 2014. It held a 24.6 per cent stake in the company after its listing in March 2021.

The stock price has gained over 145% in the last one year. Foreign institutional investors (FIIs) have significantly reduced their stake in Kalyan Jewellers in recent quarters. The stake of these investors has come down to 21.19 per cent at the end of the June 2024 quarter from 29.65 per cent at the end of FY22. In contrast, domestic institutional investors have increased their stake in the company. Their stake was 11.75 per cent as on June 30, 2024, while it was just 2.63 per cent at the end of FY22.

Thrissur-headquartered Kalyan Jewellers has jewellery showrooms across the country. The company was founded by TS Kalyanaraman in 1993. The company was listed in March 2021. Shares of Kalyan Jewelers were trading at Rs 577.10 with a gain of 6 per cent. With this, the market cap of the company has reached Rs 59,255.12 crore.

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