IFL Enterprises Share
IFL Enterprises Limited shares are witnessing a good rise at this time. The company's stock recently closed at Rs 1.17, up 2.63 per cent on the BSE. The company has received a new order of Rs 61.43 crore a few days ago. With this increase, the company's market cap has increased to Rs 87.21 crore. The company is preparing to issue bonus shares to its shareholders. The stock has a 52-week high of Rs 10.68 and a 52-week low of Rs 1.04. In such a situation, the company has also announced the release of bonus.
The board of directors of the company has recently issued a bonus of equity shares in the ratio of 1:150. This means that shareholders will receive 1 new equity share for every 150 existing equity shares on the record date. The bonus shares are expected to be deposited within two months from the date of the board meeting. The stock was trading 5.00% higher at Rs 1.47 on Thursday
Yamunasthkam Tradeventure Private Limited, a subsidiary of IFL Enterprises, has received this order from Reliance Industries. This order is being seen as a major achievement for the company. The company hopes to get many orders in the future, which will not only increase the company's revenue but will also strengthen its position in the market.
IFL Enterprises Limited was founded in 2009. It is an Indian company that operates in two main areas. Trading of financial instruments such as stocks, stocks and bonds, and trading of paper and stationery products. The company offers a variety of papers, including writing paper, coated paper, paper of various sizes, copier paper, duplex board, arts and crafts paper and notebooks.
Signature Global Share
Domestic brokerage firm Motilal Oswal has initiated coverage on multibagger stock Signature Global. The brokerage has set the share price at Rs 2,000. At current prices, the company's shares are expected to rise by another 35%. On Thursday (August 22, 2024), the stock was trading 2.45% lower at Rs 1,469.
The IPO of realty firm Signature Global came out in September 2023. Its issue price was kept at Rs 366-385 per share. Yesterday the stock has reached Rs 1491.50. This means that since listing, the stock has provided multibagger returns to its investors in just 11 months. IPO investors who retained the company's shares even after listing have made a handsome profit of 287 per cent so far.
Nucleus Software Share
Shares of smallcap company Nucleus Software Exports rose. Shares of Nucleus Software rose 20 per cent to Rs 1,411.55 on Tuesday in the Bombay Stock Exchange. The company's shares rose after a major announcement. Nucleus Software Exports announced on Monday that its board of directors will meet on August 22 to consider share buyback.
HAL Share
Global sentiment is strong. As a result, the domestic stock market witnessed a rally on August 19. In such a situation, investing in the market in the long term can give good returns. Brokerage firm Sharekhan has advised to buy 5 stocks with strong fundamentals. These stocks include Gabriel India, Suprajit Engineering, KNR Construction, HAL, Suntech Realty. In this, investors can get strong returns of up to 28 percent in the next one year.
Suntech Realty
Sharekhan is advising a buy on Suntech Realty. The target price per share is Rs 751. The stock price closed at Rs 585 on August 19, 2024. In this way, investors can get a strong return of about 28 percent from the current price. On Thursday (August 22, 2024), the stock was trading at Rs 613 with a decline of 2.35%.
Suprajit Engineering
Suprajit Engineering. The target price per share for this is Rs 728. The share price closed at Rs 583 on August 19, 2024. In this way, investors can get a strong return of about 25 percent from the current price. On Thursday (August 22, 2024), the stock was trading at Rs 572 with a decline of 0.65%.
Gabriel India
Gabriel India. The target price per share is Rs 558. The share price closed at Rs 505 on August 19, 2024. In this way, investors can get a strong return of about 11 percent from the current price. On Thursday (August 22, 2024), the stock was trading at Rs 536 with a decline of 0.14%.
HAL
buying on HAL. The target price per share is Rs 5,485. The stock price closed at Rs 4,799 on August 19, 2024. In this way, investors can get a strong return of about 15 percent from the current price. On Thursday (August 22, 2024), the stock was trading 0.83% higher at Rs 4,770.
KNR Constructions
Sharekhan recommends a buy on KNR Constructions. Also, the target price per share is Rs 370. The stock price closed at Rs 342 on August 19, 2024. In this way, investors can get a strong return of about 8 percent from the current price. On Thursday (August 22, 2024), the stock was trading 3.13% higher at Rs 342.
Zomato Share
Zomato's share price may go above Rs 300. Brokerage firm UBS has estimated this in a recent report. The brokerage said that the company's June quarter results were better than expected, so the stock continued to rise. Along with this, UBS has raised the target price of Zomato shares by about 31 per cent to Rs 320. This is expected to give Zomato shares a gain of about 21 per cent as compared to the current market price. Following this report, Zomato shares rose 4 per cent in early trade on August 19. (Zomato Limited Company Excerpts)
Zomato has retained a buy rating on the stock after a strong 27 per cent growth in its food delivery business. UBS said Zomato's growth and margins in both its quick commerce and food delivery businesses are higher than its estimates. On Thursday (August 22, 2024), the stock was trading 0.42% lower at Rs 259.
UBS has raised this target price at a time when just a day earlier, Zomato's fast commerce business Blinkit had record-breaking sales on the eve of Rakshabandhan. Blinkit CEO Albinder Dhindsa said that 693 Rakhi orders were placed per minute on their platform during the peak period.
Zomato's net profit grew 126.5 per cent to Rs 253 crore in the June quarter. The company had increased platform fees in the June quarter. Apart from this, the operating profitability of its rapid commerce division, Blinkit, improved.
The company's revenue grew 74 per cent to Rs 4,206 crore in the June quarter from Rs 1,416 crore in the same quarter of the previous fiscal. During this period, the company's EBITDA margin stood at 4.2%.
Zomato shares were trading at Rs 259 on NSE at 9.15 am. The stock has been a multibagger in terms of returns, the stock has given its investors a return of around 118% so far this year. Its shares have gained nearly 200 per cent in the last one year.
Diamond Power Share
Many stocks in the stock market have given tremendous returns to investors. These stocks have become millionaires in a very short time. One such stock has made investors rich. The share price increased from Rs 73 to Rs 1,416.60 in just three years. Investors who showed faith in the shares have become millionaires.
The stocks that have given strong returns to investors are of Diamond Power Infrastructure Limited. The company is an integrated energy equipment manufacturer. The company manufactures electric cables, conductors and towers. The market cap of the company is Rs 7,400 crore. According to BSE data, the stock has given a return of over 801 per cent so far in 2024. The shares are up 380% in six months. On Thursday (August 22, 2024), the stock was trading 1.93% higher at Rs 1,473.
The share price of Diamond Power Infrastructure has increased by 1,93,954% in the last three years. The stock price on BSE was 73 paise per share on August 16, 2021. But on August 16, 2024, the price closed at Rs 1,416.60. If someone had invested just Rs 10,000 in the 73 paise shares three years ago and had not sold the shares yet, his investment would have been Rs 1.94 crore. If someone had invested Rs 20,000 in the shares, the amount would have been more than Rs 3.88 crore. On Tuesday, August 20, the shares were trading at Rs 1,375.
In July this year, Diamond Power Infrastructure Limited received an order of Rs 899.75 crore from Adani Energy Solutions Limited for the supply of conductors. The order was for the supply of a new generation aluminum alloy conductor. The order is to be completed by April 2025. The 32nd Annual General Meeting of the company will be held on September 27.
Diamond Power Infrastructure's net consolidated profit for the April-June 2024 quarter rose 200 per cent year-on-year to Rs 16.56 crore. This profit was Rs 5.52 crore a year ago. EBITDA grew nearly 111 per cent year-on-year to Rs 24.18 crore from Rs 11.47 crore a year ago. The company's net sales grew 200.69 per cent year-on-year to Rs 223.86 crore from Rs 74.45 crore in the June 2023 quarter.
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