Trackpad

Mukul Agrawal-Backed Semiconductor Stock Gains Over 180 Per cent in Just 6 Months 

ASM Technologies specialises in providing consulting and product development services in the fields of engineering services and product R&D. The company offers a range of services including prototyping, testing, and pilot production, value engineering, hardware and software design for embedded systems, development of networking, wireless, and cloud security products, as well as product lifecycle management and sustenance services, along with test automation, among others. It caters to industries such as semiconductors, hi-tech, medical equipment, automotive, aerospace, enterprise storage and networking, and consumer electronics, among others. 

The company's current market capitalization stands at ₹1,459.20 crore, and the stock has generated an impressive return of over 150 per cent in the past one year. In the last six months, the shares have delivered an impressive return of over 180 per cent. Regarding the shareholding pattern, the promoters own 57.35 per cent of the company and the public or retail investors hold 42.41 per cent. Ace investor, Mukul Agrawal purchased a 6.48 per cent stake in the company as per the July month update. 


Almondz Global Securities Ltd Announces Record Date for stock split 

Established in 1994, Almondz Global Securities Ltd offers financial advisory and consultancy services. The Board of Directors of the company, through a resolution, has set Tuesday, July 23, 2024, as the Record Date for the subdivision or stock split of existing equity shares. Under this plan, each fully paid-up equity share with a face value of ₹6 will be subdivided/split into 6 equity shares with a face value of Re 1 each. 

The company’s current market capitalisation stands at ₹366.41 crore. The stock has delivered a return of over 70 per cent in just 1 year. As per the Quarterly Results, in the fourth quarter of FY24, Almondz Global Securities Ltd recorded a revenue of ₹45.41 crore. The operating profit for Q4 FY24 stood at ₹4.56 crore. The net profit for Q4 FY24 was ₹6 crore. Looking at the annual performance, the company generated a revenue of ₹116 crore in FY24, compared to ₹76 crore in FY23. The operating profit for FY24 was ₹15 crore, with a net profit of ₹34 crore compared to the price of ₹16 crore. 


Larsen & Toubro Bags A New Work Order of about ₹15,000 Crore For A Solar Project 

Larsen & Toubro (L&T) has secured significant new contracts in the Middle East, further strengthening its renewable energy portfolio. The company's renewable arm has finalised agreements to build two massive solar photovoltaic (PV) plants with a combined capacity of 3.5 Gigawatt (GW). These projects will also include grid connections with substations and transmission lines. 

This win comes on the heels of L&T's recent solar-storage plant order in India. With these new additions, L&T's renewable energy portfolio is set to reach a cumulative capacity of 22 GWp (Gigawatt peak). This impressive figure encompasses both commissioned and under-construction solar and wind generation projects. This order is expected to be worth ₹10,000 crore to ₹15,000 crore. Recently, Larsen & Toubro has secured a significant offshore order from Oil & Natural Gas Corporation (ONGC) for the eighth phase of their Pipeline Replacement Project (PRPVIII Group B) on India's west coast. This EPCIC contract, awarded to L&T's Energy Hydrocarbon (LTEH) vertical, involves the engineering, procurement, construction, installation, and commissioning of 129 kilometres of subsea pipelines and related modifications across ONGC's western offshore fields. This order is expected to be worth ₹1,000 crore to ₹2,500 crore. 

Larsen & Toubro is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. The company has an order book of ₹4.76 trillion. The stock has also delivered multibagger returns of about 140 per cent in the last three years. DIIs have also increased their stake in the company in March 2024 


BlackRock Bought 42,78,616 Shares of Swan Energy Limited 

Swan Energy Limited was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it diversified into real estate and is currently developing a Floating Storage and Regasification Units (FSRU)-based liquefied natural gas (LNG) import terminal at Jafrabad in Gujarat. 

On July 8, 2024, BlackRock Emerging Frontiers Master Fund Limited purchased 2,458,508 shares of Swan Energy Limited at a price of ₹668 each, and BlackRock Global Funds India Fund bought 1,820,108 shares at the same price 

Swan Energy Limited's current market capitalisation stands at ₹22,733.46 crore, and the stock has generated an impressive multibagger return of over 175 per cent in the past 1 year. As per the Quarterly Results, in the fourth quarter of FY24, Swan Energy Limited recorded a revenue of ₹1398 crore. The operating profit for Q4 FY24 stood at ₹118 crore. The net profit for Q4 FY24 was ₹56 crore. Looking at the annual performance, the company generated a revenue of ₹5,017 crore in FY24, compared to ₹1,438 crore in FY23. The operating profit for FY24 was ₹868 crore, with a net profit of ₹586 crore. 

Bonus Share Announced by Garment Mantra Ltd; Do You Hold It? 

Garment Mantra Ltd in their meeting held on July 8, 2024, the Board of Directors approved several key decisions, including approval to issue bonus shares from free reserves and Securities Premium accounts. The Board has sanctioned the issuance of Bonus shares to existing equity shareholders in a 1:1 ratio (one bonus share for every one equity share of nominal value ₹1/- each), pending shareholder and regulatory approval. 

Earlier in the year Garment Mantra Group strategically joined hands with reputed business houses of the Surat to efficiently cover big customers and the commission agents from the western, northern and central regions of the country. Business houses with whom, we as a group accompanying have been in the textile business for decades and carry a good set of wholesale customers in their bouquet. This strategic tie-up will be beneficial for both sides as we will bet on our core strength i.e. production and supply chain and the other parties will take care of Sales and Marketing 

As per the Quarterly Results, in the fourth quarter of FY24, Garment Mantra Ltd recorded a revenue of ₹70.33 crore. The operating profit for Q4 FY24 stood at ₹2.27 crore. The net profit for Q4 FY24 was ₹0.37 crore. Looking at the annual performance, the company generated a revenue of ₹164 crore in FY24, compared to ₹172 crore in FY23. The operating profit for FY24 was ₹8 crore, with a net profit of ₹2 crore. The company’s current market capitalisation stands at ₹66.76 crore. The stock has delivered a return of around 32 per cent in just one year. 

This Pharma Company Stock is up by 17 per cent since Last Fortnight 

Alembic Pharmaceuticals experienced a notable surge in its stock price, closing at ₹984.95 on the BSE on July 8, 2024, delivering a strong 17% return over the past couple of weeks. This growth is largely attributed to the company securing 11 USFDA product approvals (both final and tentative) during the quarter ending June 30, 2024. Additionally, in July 2024, it received final approval from the USFDA for Bromfenac Ophthalmic Solution, 0.07 per cent. The company now has a total of 207 ANDA approvals from the USFDA, with 180 final and 27 tentative. 

Alembic Pharmaceuticals is a diversified pharmaceutical company with a significant footprint in India, the U.S., and various other regulated and emerging markets. The company, headquartered in Vadodara, India, produces formulations and active pharmaceutical ingredients (APIs) at its USFDA-approved facilities, catering to both regulated and pharmerging markets. Alembic holds a strong position in the domestic market, with a portfolio exceeding 190 brands. The company operates nine manufacturing facilities. Its revenue is composed of 80% from formulations and 20 per cent from API’s. 

The Yamuna Syndicate Limited (TYSL) Becomes India's Second Most Expensive Stock 

Incorporated in 1954, The Yamuna Syndicate Limited (TYSL) is a key holding company with a 45 per cent stake in ISGEC Heavy Engineering Limited (IHEL), the flagship company of the ISGEC Group. TYSL is also engaged in the trading and retailing of various products. This includes retailing HPCL’s petroleum products, industrial and automotive lubricants, Amaron batteries, agricultural tools and pesticides, and electrical equipment. 

The oil and lubricants segment is the major contributor, accounting for approximately 47 per cent of FY2023 trading revenues and 48 per cent of FY2022 trading revenues. While the trading business dominates the company’s revenue mix (91 per cent in FY2023 and 95 per cent in FY2022), it contributes minimally to profits, making the company's profitability highly dependent on dividends from IHEL. On July 8, 2024, the stock hit an upper circuit of 10 per cent, with a provisional closing at ₹62,555 per share on the BSE. With this move, TYSL has become the second costliest share in the Indian markets, trailing only MRF. TYSL surpassed Honeywell Automation, which previously held the position as the second costliest share in the Indian market. 

In 2024, the stock has gained an impressive 152 per cent as a result, the stock has turned out to be a multibagger. It is currently trading at a low PE ratio of 15.5, with a promoter holding of 74.87 per cent, according to the shareholding pattern for the quarter ended March 2024. 

PSU Railway Company with ₹4,700 Crore Order Book Announces Stock Dividend 

RailTel Corporation of India Ltd was incorporated in 2000 to create nationwide broadband and VPN services, a telecom and multimedia network, and modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. Currently, RailTel's network passes through approximately 6,000 stations across the country, covering all major commercial centres. 

In its latest announcement, RailTel's Board of Directors, in their meeting on July 8, 2024, recommended a final dividend of 18.5 per cent of the paid-up share capital (₹1.85/- per share) for the FY24. This Final Dividend supplements the Interim Dividend of ₹1/- per share already distributed by the company for the same fiscal year. The company’s current market capitalisation stands at ₹17,167 crore. The stock has delivered a return of over 300 per cent in just 1 year. 

As per the Quarterly Results, in the fourth quarter of FY24, RailTel Corporation of India Ltd recorded a revenue of ₹833 crore. The operating profit for Q4 FY24 stood at ₹117 crore. The net profit for Q4 FY24 was ₹78 crore. Looking at the annual performance, the company generated a revenue of ₹2,568 crore in FY24, compared to ₹1,947 crore in FY23. The operating profit for FY24 was ₹464 crore, with a net profit of ₹246 crore. 

Shares of Magellanic Cloud Ltd Surges After Key Approval for Agri-Drones 

Magellanic Cloud Ltd saw its shares rise by 7 per cent on Monday, July 8, 2024, following a significant approval for its subsidiary company, Scandron. The approval, granted for Scandron’s small category agri-drones, marks a pivotal milestone in the company’s mission to revolutionise the Indian agricultural sector with cutting-edge drone solutions. 

The certification underscores Magellanic Cloud’s commitment to leveraging advanced technology to enhance agricultural productivity and efficiency. By introducing state-of-the-art drones, the company aims to provide Indian farmers with innovative tools to boost crop yields, optimize resource use, and reduce labour costs. This ensures a steady supply of high-quality drones specifically tailored to the needs of Indian farmers, fostering self-reliance in critical technology sectors. The local manufacturing of these drones aligns with national goals of promoting indigenous industries and reducing dependency on foreign technology. As the company continues to develop and deploy advanced drone solutions, it stands poised to make a substantial impact on the agricultural landscape of India, paving the way for a more technologically empowered farming community.