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Over 100 per cent returns given in a year by this textile stock under ₹50 

Nandan Denim Ltd (NDL), founded in 1994 and part of the diversified Chiripal Group, is India's largest and the world's fourth-largest integrated denim fabric maker. They started in textile trading but now manufacture a wide range of fabrics including denim (over 2,000 denim products annually), shirting (including indigo dyed and seasonal collections), and yarn (with varieties like organic cotton). Supplying to over 27 countries and major Indian retailers, Nandan Denim boasts a massive production capacity of 110 million meters of denim per year and even has in-house research and development facilities to innovate and improve its products constantly. According to Quarterly Results, the net sales increased by 76 per cent to ₹462.18 crore and net profit increased by 154 per cent to ₹7.96 crore in Q3FY24 compared to Q3FY23. Looking at the company’s first 3 quarters of the fiscal year 2024 i.e., Q1FY24, Q2FY24 & Q3FY24, the total net sales reported was ₹1,430.97 crore and the total net profit reported was ₹17.87 crore whereas in FY23, the company reported total net sales of ₹2,026.77 crore and total net profit reported was ₹1 crore. Nandan Denims has a market cap of ₹640 crore. The maximum share is owned by the promoter of the company (64.74 per cent) and the rest is by FIIs, DIIs and the general public. From ₹21.80 to ₹45.90 per share, the stock gave multibagger returns of over 100 per cent in just 1 year. Investors should keep an eye on this textile stock under the radar. 

This electronic products company unveils an expanded array of mixer grinder offerings

Cellecor Gadgets Limited, a growing name in India's booming electronics market, is expanding its selection of Mixer Grinders. Known for offering a wide variety of consumer durables like mobile phones, TVs, washing machines, and kitchen appliances, Cellecor is capitalizing on the success of its initial Mixer Grinder launch and the rising demand for healthy living. This April, they're introducing a new line of Juicer Mixer Grinders, aiming to provide a complete kitchen solution at an affordable price for both urban and rural households. This aligns with Cellecor's commitment to providing technological solutions that meet their customer's needs and their long-term strategy for continued growth in the home appliance market. Cellecor is entering the juicer mixer grinder market to provide a convenient and affordable solution for people who want to make healthy drinks and meals at home. Their new Juicer Mixer Grinders combine the functions of juicing and grinding in one appliance, eliminating the need to buy separate machines. These competitively priced grinders come with various features like stainless steel and polycarbonate jars, overload protectors, double lock systems, and powerful motors. With a 2-year warranty and availability through Cellecor stores, retailers, and distributors across India, Cellecor aims to make healthy living accessible to everyone. This launch is part of Cellecor's larger strategy to offer high-quality appliances at affordable prices, further solidifying its position in the Indian market. The stock gave multibagger returns of 148 per cent from its 52-week low of ₹88.15 per share. As of September 2023, the promoters of the company own a 51.54 per cent stake, FIIs own 4.41 per cent, DIIs own 6.05 per cent and the rest 38 per cent is owned by the public. 

Vijay Kedia sold 6,75,001 shares, while FIIs bought 61,36,929 shares of this Small-Cap company

Elecon Engineering Company Ltd informed that in a meeting of the Board of Directors, it considered and approved the Audited Financial Results (Both Standalone & Consolidated) for the quarter & financial year that ended on March 31, 2024, and the alteration in the share capital of the company by sub-division/ stock split of existing equity shares having face value of ₹2 each, fully paid up, as may be determined by the Board of Directors. As of March 2024, Vijay Kedia sold 6,75,001 shares and decreased his stake to 1.34 per cent while FIIs bought 61,36,929 shares and increased their stake to 7.58 per cent compared to March 2023. The company has a market cap of over ₹11,000 crore and the company’s order book stands at ₹1,438 crore as of December 31, 2023. Elecon Engineering Company Ltd., established in 1960, is a manufacturer of industrial equipment with a global presence, specialising in power transmission and material handling equipment. They design, manufacture and sell this equipment across India and internationally. Additionally, Elecon operates a steel and non-ferrous foundry business, giving them a well-rounded approach to industrial equipment production. Notably, they were the first to introduce modular design concepts, case-hardened, and ground gear technology in India, showcasing their commitment to innovation in the power transmission sector. 

Senco Gold rallies 33 per cent after posting robust Q4FY24 numbers

Senco Gold, a leading pan-India jewellery retailer, reported revenue growth of 39 per cent in Q4FY24 and 28 per cent in a full year. Despite rising gold prices, on a YoY basis company has been able to achieve 13 per cent volume growth in Gold and 19 per cent volume growth in diamond in FY24. During FY24 the Same Store Sales Growth (SSSG), was up by 19 per cent out of retail sales growth and during Q4FY24 SSG growth was up by 23 per cent out of the 30 per cent total retail sales. The company achieved consistent improvement in stud ratio; blended (own showroom and franchisee showroom) stud ratio improved to 11.4 per cent (as against 10.4 per cent for last year) and own showrooms achieved stud ratio performance of 13.1 per cent (as against 12.0 per cent of last year). During FY24, the company launched 23 showrooms on a net basis (17 per cent growth) including 4 showrooms in Q4FY24. The total number of showrooms of Senco Gold has reached 159 which was the highest ever expansion since inception. Building on the SENNES strategy, the company has launched 2 more SENNES stores in Kolkata. The maximum expansion of a company during FY24 was in East (14), followed by North (3), Central (3), South (2) and West (1). During the year, the company launched 5 FOFO and 18 COCO showrooms. On the Digital initiative, Senco Gold is the 1st Indian jewellery brand to join the ONDC (Open Network for Digital Commerce) Network, which is aligned with the company’s visionary commitment to the ‘Make in India’ initiative. This integration marks a crucial step for the company, as it will make the company’s extensive catalogue accessible on multiple shopping apps within the growing ONDC Network. These factors have led to a strong rally in the stock. 

Penny stock at ₹28 with 7,000 per cent returns receives trading approval for issuance of bonus shares

Lorenzini Apparels Ltd., established in 2007, designs, manufactures, and markets ready-made garments for men and women through their own "Monteil" brand, offering formal, semi-formal, and casual wear, both in their exclusive stores and online, while also utilising third-party contractors for some garment production. The company has a market cap of ₹437 crore. In a move to increase share liquidity and affordability, Lorenzini Apparels Ltd. implemented a stock split and the bonus issue was the ex-date as March 28, 2024. The company subdivided the face value of existing shares from ₹10 to ₹1 each. Shareholders on the record date received 6 new bonus shares (face value ₹1 each) for every 11 existing shares (face value ₹10 each) they held, effectively increasing their total share ownership. This corporate action also increased the authorized share capital of the company from ₹11,70,00,000 to ₹17,30,00,000. The company has received trading approval from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) dated April 15, 2024, for the issuance of bonus shares and the effective date is Tuesday, April 16, 2024. 

Telecom infrastructure company bags new orders worth ₹64.93 crore; total order book stands at ₹7,678 crore

HFCL Limited, along with its subsidiary HTL Limited, secured purchase orders worth approximately ₹64.93 crore to supply optical fibre cables to a leading private Indian telecom operator. This information was disclosed following SEBI regulations. The order involves supplying various types of optical fibre cables as per the customer's specifications and needs to be fulfilled by July 2024. HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high-end telecom equipment, optical fibre and optic fibre cable (OFC). The company has a market cap of over ₹16,0000 crore and reported positive numbers in its quarterly results (Q3FY24) and nine-month results (9MFY24). As of December 31, 2023, the company’s order book stood at ₹7,678 crore. Out of the total order book, Government orders are worth ₹5,733 and private company orders are worth ₹1,945 crore. 

FIIs increase stake in this speciality chemical company, while Board announces stock split

Bhagiradha Chemicals & Industries Ltd, a leading player in the speciality chemical & renewable energy segment, announced that the Board of Directors of the company has approved a stock split of equity shares for the first time ever i.e., sub-division/ split of existing equity shares of the company, such that 1 equity share having face value of ₹10 each fully paid-up, be sub-divided/split into 10 equity shares having face value of ₹1 each, fully paid-up, ranking pari- passu in all respects. The company fixed the record date as Thursday, May 02, 2024. Bhagiradha Chemicals & Industries, an Indian agrochemical company founded in 1993, manufactures insecticides, fungicides, herbicides and other speciality chemicals. With a manufacturing plant in Ongole, Andhra Pradesh, they offer a variety of products and are expanding their operations with a new facility in Karnataka and aiming to register new products and grow their international presence. The company has a market cap of over ₹1,800 crore and has delivered good profit growth of 46.1 per cent CAGR over the last 5 years. Additionally, the company reported positive numbers in its quarterly results and annual results. As of shareholding of December 2023, FIIs have increased their stake to 0.17 per cent compared to 0.10 per cent in September 2023. The stock gave multibagger returns of 320 per cent in 3 years and a whopping 6,500 per cent in a decade. Investors should keep an eye on this micro-cap stock. 

Railway wagons company secures prestigious order for Vande Bharat train set from BHEL-TRSL consortium

Ramkrishna Forgings Limited (RKFL), one of the leading suppliers of rolled, forged, and machined products, is pleased to announce the receipt of a significant order for the prestigious Vande Bharat Train Set. This order, valued at ₹2,70,00,00,000, is to be supplied to the Bharat Heavy Electricals Ltd (BHEL) - Titagarh Rail Systems Ltd (TRSL) consortium, marking a pivotal moment in the company's journey towards excellence in rail infrastructure development. The scope of this project involves the development and validation of the bogie frame for the sleeper version of the Vande Bharat trainset. The company's expertise and commitment to innovation make it the ideal partner for this critical endeavour. This order encompasses 32 train sets, each comprising 16 coaches. Consequently, RKFL will be producing a total of 1,024 bogie frames, showcasing the company's capacity to handle large-scale and intricate manufacturing requirements. The company has a market cap of ₹12,800 crore and has delivered good profit growth of 21.1 per cent CAGR over the last 5 years. Additionally, the company’s median sales growth has been 20.4 per cent in the last 10 years and working capital requirements have reduced from 142 days to 102 days. The FIIs have increased their stake to 23.59 per cent in December 2023 compared to 18.13 per cent in September 2023.