Trackpad

Apollo Micro Systems Board Announced A Stock Split! 

Apollo Micro Systems announced that the Board of Directors of the company have approved a stock split/sub-division of every one equity share of the face value of ₹10 each into 10 equity shares of the face value of ₹1 each as of the record date. The company fixed the record date for the stock split as Thursday, May 4, 2023. On April 28, at the closing bell, shares of Apollo Micro Systems Ltd ended the day lower, down 0.24 per cent to ₹313.10 per share from its previous closing of ₹313.85. The stock traded at an intraday high of ₹320.95 and an intraday low of ₹309.95. The stock has a 52-week high of ₹379.70 and a 52-week low of ₹110.

Apollo Micro Systems Limited (AMS) designs and manufactures electronic components. The Company focuses on electromechanical, engineering designs, manufacturing, and supply solutions. AMS serves the defence, space, government, and private sectors in India. Talking about the financials, this aerospace & defence company has a market cap of ₹650.12 crore. The company reported excellent results in both quarterly and annual financial statements. In Q3FY23, net sales and net profit rose by 28 per cent and 95 per cent respectively over Q3FY22. The net sales rose by 20 per cent and the net profit rose by 50 per cent in FY22 over FY21.
 

Samor Reality Surged to a New 52-Week High as it Declared Rights Issue

The Board of Directors of Samor Reality announced that it has declared rights issue to its equity shareholders in the ratio 1:1 which means that (1 new right issue of share for every 1 existing equity share held by the eligible shareholders as of the record date). The company verified the record date for the rights issue as Tuesday, May 02, 2023. The rights issue opening date is Monday, May 15, 2023, and the issue closing date is Friday, June 02, 2023, with the rights issue price of ₹10 per equity share. 

Samor Reality Limited operates as a real estate company. The company creates homes, retail spaces, commercial spaces and business centres. Samor Reality serves customers in India. According to the financials, Samor Reality has a market cap of ₹77.40 crore with a 1-year CAGR of 50 per cent. The company reported positive numbers in its half-year results and annual results.
 

Exhicon Events Media Solutions Limited gets listed on BSE SME Platform
 

Exhicon Events Media Solutions Limited became the 432nd company to get listed on the BSE SME Platform on April 17, 2023, after completing its public issue on April 5th. Exhicon Events Media Solutions Limited is a Mumbai-registered company, that provides products and services for the exhibition, conferences, and events industry. The company offers media to integrated marketing solutions, event infrastructure, and management to organizing solutions for B2B and B2C fairs and events.
 

Maiden Forgings Limited gets listed on the BSE SME Platform
 

Maiden Forgings Limited became the 431st company to get listed on the BSE SME Platform on April 06, 2023, after successfully completing its public issue on March 27th. Maiden Forgings Limited is a New Delhi registered company, engaged in manufacturing and selling ferrous metal products. The company manufactures steel bright bars, wires, profiles, collated pneumatic nails, and ground bars.   

Thomas Cook India Inks Long-Term Agreement To Set Up Forex Outlets At Manohar International Airport, Mopa – Goa

Thomas Cook (India) Limited, India’s leading omnichannel travel services company, inaugurated new Forex outlets at the new Manohar International Airport - at Mopa, Goa. The Company has won a 5-year contract for setting up and operating 4 foreign exchange counters at the new Goa Airport. This expands Thomas Cook India’s forex network/ consumer access in Goa to 6 outlets: 2 branches and 4 airport outlets. In addition, the company operates 25 airport counters across India, Sri Lanka and Mauritius.

In an initiative to ensure safe, seamless and convenient merchant payments, Thomas Cook’s Goa airport counters will empower foreign nationals from G20 nations and NRIs, with UPI-enabled Indian Rupee transactions on arrival. Travellers can then access their INR wallet to ensure smooth and secure digital payments across millions of merchant establishments equipped with the UPI QR facility pan India. The prepaid payment product is issued by Pine Labs under the PPI authorisation obtained from RBI.

Thomas Cook’s new airport counters have been designed around the concepts of “Ethnicity – Luxury – Comfort”, creating a refreshing and vibrant appeal. The outlets prioritise passenger comfort with an open layout concept and high/low counters. An important factor is the focus on Indian elements, and the deployment of Indian art forms, motifs and gold arches. In keeping with the Company’s focus on protecting the environment, what is noteworthy is the use of sustainable materials. Thomas Cook India has positioned itself as India ka Forex Specialist with a continued focus on the foreign exchange segment and sustained leadership in the space. The Company is the largest non-bank foreign exchange services provider in India and serves over a million customers every year.

The company’s unique omnichannel model empowers customers with choice and convenience: simple, secure and quick bookings via its online forex store; the FXMATE digital tool supports over 1500 B2B partners with virtual Foreign Exchange services; also support through its call centre or by walking into their closest forex outlet to transact with an in-store expert. Thomas Cook India’s FxNOW ushers in a digitized foreign exchange model that ensures seamless and contactless forex services. The Company also takes care of the customers’ Forex requirements via a convenient process to ensure an unparalleled customer commitment in the form of Gharpe Forex - doorstep delivery in 2 hours! 
 

Central Bank Of India Reports a Strong Performance with a 73 Per Cent Rise in Q4 Consolidated Net Profit!

On a consolidated basis, the Central Bank of India recorded a 72.68 per cent increase in net profit for the fourth quarter ended March 31, 2023, to ₹591.00 crore, up from ₹342.26 crore for the same quarter the year prior. In Q4FY23, the bank's total revenue climbed by 33.37 per cent to ₹8,595.68 crore from ₹6,444.82 crore in a similar period the year prior.

On a consolidated basis, the bank recorded a 56.05 per cent increase in net profit for the year ended March 31, 2023, from ₹1,075.79 crore to ₹1,678.78 crore. When compared to the year ended March 31, 2022, the bank's total revenue increased by 14.96 per cent, reaching ₹29,741.59 crore from ₹25,870.83 crore for the year under review. 

The first commercial bank in India that was entirely owned and run by Indians was the Central Bank of India. The bank offers a wide range of products and services under the categories of Individual, and NRI and it provides a range of goods and services for businesses.
 

Himadri Speciality Chemical Triples Q4 Profit After Tax

The start to the earning season was not a pleasant one as IT bellwether TCS and Infosys disappointed the street with their earnings, however, as the earning season picked its pace, some of the bright spots have emerged especially in the Smallcap segment. 

One such stock which we are going to talk about is from the Small-Cap segment and the company is a speciality chemical company primarily engaged in the manufacturing of carbon materials and chemicals. The name is Himadri Speciality Chemical. The company announces its Q4FY23 earnings wherein net standalone revenue from operations grew by 23.40 per cent on YoY basis to ₹1028.90 crore. EBITDA witnessed a growth of 122.46 per cent YoY to ₹121.55 crore. The company reported a threefold jump in its standalone profit after tax to ₹76.72 crore. The company posted a profit after tax of ₹21.21 crore in the corresponding period a year ago. 

Himadri Speciality Chemical Ltd has a capital-disciplined balance sheet with a significant reduction in long-term debt. The net debt of the company as of March 2022 was ₹93 crore, which has decreased from ₹132 crore in March 2021. The net working capital days for the company were 69 in March 2022, compared to 62 in March 2021. Additionally, the net debt to EBITDA ratio for the company was 0.49x in March 2022, which is a significant improvement from 4.57x in March 2021. Interestingly, the board of the company has recommended a final dividend of ₹0.25 per equity share of ₹1 each i.e., 25 per cent of the face value of equity share for the financial year 2022-23.

Commenting on the results and performance, Anurag Choudhary, CMD of Himadri Speciality Chemical Ltd said: “We are pleased to report robust performance with highest ever revenue in FY23. At Himadri, we are delighted to remain at the forefront of the massive transition towards a green economy, aligned with India’s vision of becoming a self-reliant nation (Atmanirbhar Bharat) and reducing carbon emission.”   

Marine Electricals (India) receives multiple orders worth ₹36.24 crore! 

Marine Electricals (India) Limited informed the exchange (NSE Script Code: MARINE) that it has received orders amounting to a total of ₹36.24 crore (excluding taxes), the details of the same are mentioned under:

1. Order received from GE Energy Power Conversion UK Ltd for the supply of 690V Switchboards amounting to ₹6.84 crore approx. excluding taxes). The delivery of the said goods shall be made for 7 months.
2. Order received from Grasim Industries Limited (Birla Paints) for supply and installation of IMCC Panels for Birla Paints Cheyyar & Chamrajanagar site amounting to ₹11.50 crore (excluding GST). The delivery of the said goods shall be made over 4 months.
3. Order received from Tata Projects Limited for the supply of HT Panels for Tata Power Solar Project at Tirunelveli amounting to ₹17.90 crore (excluding GST). The delivery of the said goods shall be made over4 months.

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. The company reported amazing numbers in its Quarterly Results and annual results. Exhicon Events Media Solutions Limited became the 432nd company to get listed on the BSE SME Platform on April 17, 2023, after completing its public issue on April 5th. Exhicon Events Media Solutions Limited is a Mumbai-registered company, that provides products and services for the exhibition, conferences, and events industry. The company offers media to integrated marketing solutions, event infrastructure, and management to organizing solutions for B2B and B2C fairs and events.