Trackpad

 Maan Aluminium Ltd is the only company from India awarded a "ZERO" rate of anti-dumping duty 

Incorporated in 2003, Maan Aluminium Ltd is engaged in the manufacturing and trading of aluminium products, including aluminium profiles, anodizing and fabrication of profiles, aluminium ingots, and aluminium billets. The company’s shares rallied and hit the upper circuit today and here is the reason behind this price rally. 

The U.S. Department of Commerce has announced affirmative final determinations in the anti-dumping (AD) investigations concerning aluminium extrusions from several countries, including China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Türkiye, the UAE, and Vietnam. Additionally, countervailing duty (CVD) investigations were concluded for aluminium extrusions from China, Indonesia, Mexico, and Türkiye. Furthermore, Maan Aluminium Ltd is the only one from India awarded a "ZERO" rate of anti-dumping duty for aluminium extrusion exports to the U.S. 

The company's current market capitalisation stands at ₹926.47 crore. Additionally, the company’s shares have delivered an impressive multibagger return of around 100 per cent in just 1 year and a 7,220 per cent return in the past decade. According to the company's shareholding pattern, the promoters hold a significant 58.87 per cent stake. Public investors own 0.33 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.27 per cent. 

Mercury EV-Tech Ltd gets marketing approval from Gujarat Energy Development Agency 

Mercury EV-Tech Ltd, formerly known as Mercury Metals Limited, is involved in the manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars, and electric vehicles in India. The company has a market cap of over ₹2,200 crore and reported positive numbers in Quarterly Results (Q1FY25) and annual results (FY24). 

The company announced that the Gujarat Energy Development Agency (GEDA) has granted approval to market and distribute lithium-ion battery-powered e-rickshaws in Gujarat for the 2024-25 fiscal year. This endorsement is a major achievement for the company, confirming its innovative approach and high standards in the electric vehicle industry. Furthermore, its L5 and L3 category e-rickshaws have been officially approved for a subsidy of ₹48,000 per vehicle when sold within Gujarat. This accomplishment underscores our leadership in promoting sustainable practices and strengthens our dedication to driving progress in the electric vehicle sector. 

Furthermore, the Board of Directors authorized the issuance of up to 1,57,41,000 equity shares and 4,83,00,000 convertible warrants to investors. Equity shares will be issued at ₹75 per share to 44 investors, totalling ₹1,18,05,75,000, while warrants will be issued at ₹75 per warrant to 20 investors, totalling ₹362,25,00,000. 

As of June 2024, the promoters of the company hold a 62.10 per cent stake, while the remaining 39.90 per cent is owned by the public. The stock gave multibagger returns of 160 per cent in just 1 year, 18,475 per cent in 3 years and a whopping 37,000 per cent in 5 years. Investors should keep an eye on this small-cap stock.

New packaging design featuring superstar Salman Khan propels GRM Overseas Ltd to new highs 

GRM Overseas Ltd, a leading Indian company in the basmati rice industry, mills, processes, and markets both branded (like their 10X brand) and non-branded basmati rice for both domestic consumption and international export. Their product range goes beyond just basmati rice, also including atta flour (Shakti Chakki Fresh) and ready-to-cook biryani kits in various regional styles like Moradabadi, Hyderabadi and Lucknowi. 

According to Quarterly Results, the company reported net sales of ₹405.93 crore in Q1FY25 compared to net sales of ₹433.63 crore in Q1FY24. The net sales increased by 87.67 per cent to ₹21.17 crore in Q1FY25 compared to Q1FY24. In its annual results, the company reported net sales of ₹1,312.44 crore and net profit of ₹60.72 crore in FY24. 

GRM Overseas Limited has introduced a new packaging design for its 10X brand range, featuring the Bollywood superstar Salman Khan. This strategic move aligns with the company’s goal to enhance its brand visibility and foster deeper connections with consumers both domestically and internationally. The revamped packaging, prominently showcasing Salman Khan, will be implemented across the entire 10X product range, including basmati rice, flour, and other offerings. The new design combines a contemporary, sleek aesthetic with a vibrant colour scheme, underscoring 10X’s dedication to quality and authenticity. This packaging reflects the brand’s dynamic energy, making it an attractive option for today’s discerning consumers who value both quality and brand trust. 

Multibagger stock Essen Speciality Films Ltd has doubled in the last one month; do you hold it? 

This multibagger stock has doubled in the past month, reflecting the company’s strong performance driven by its commitment to sustainability and innovation. The company has pioneered using 100 per cent recycled materials, creating products such as artificial flowers and scented shower curtains entirely from post-consumer, GRS-certified recycled polyester. This eco-friendly approach not only reduces waste but also gives new purpose to discarded materials. 

Essen Speciality Films Ltd's (ESFL) dedication to the circular economy is evident in its closed-loop system, where discarded products are reintegrated into the manufacturing process, minimizing waste and creating a sustainable product chain. The company’s focus on sustainability and innovative designs has bolstered its global market leadership, particularly in developed regions like the USA, Germany, the UK, France, and Italy, where demand for eco-conscious products is growing. ESFL continues to invest in the future by exploring new manufacturing techniques and expanding its product range, ensuring it remains at the forefront of sustainable home decor solutions. Environmental integration is central to ESFL’s strategy, with every aspect of its operations designed to promote waste reduction and resource conservation. 

Rajoo Engineers rises amid volatile market movements with significant order wins 

This engineering company has surged 70% in the past month, driven by a series of significant order wins. Rajoo Engineers recently secured a USD 1.6 million purchase order from a key overseas client for its High Barrier Seven Layer Blown Film Machine. Earlier, on September 11, the company's stock hit a 5 per cent upper circuit after landing a USD 15 million order. These orders are expected to advance packaging technology and enhance product shelf life, reinforcing Rajoo Engineers' leadership in the field. The company emphasized that these deals reflect its expertise, innovation, and the trust its clients place in its cutting-edge solutions. 

Founded in 1986 and headquartered in Gujarat, Rajoo Engineers specializes in manufacturing plastic-extrusion machinery. The company has strategic partnerships with international firms like Bausano & Figli (Italy), MEAF Machines B.V. (Netherlands), and Wonderpack (India) while serving major clients such as Uflex, Reliance Industries, and Indian Oil. With installations in over 70 countries, including Latin America, Europe, and the Middle East, Rajoo Engineers operates a 20,000 sq. mt manufacturing facility in Rajkot. The company is also expanding, having acquired additional land in November 2023 to support future growth. 

Alembic Pharmaceuticals shines with 14 per cent surge in stock price post the USFDA approvals 

Alembic Pharmaceuticals experienced an increase in its stock price, closing at ₹1,212 on the BSE as of September 30, 2024, delivering a strong 14 per cent return over the past month, in contrast to the Nifty Pharma index, which remained flat during the same period. This growth is primarily driven by the company's recent USFDA approvals for Albendazole Tablets and Paliperidone Extended Release Tablets. Additionally, it received an Establishment Inspection Report (EIR) for its Oral Solid Formulation Facility (F-1) in Panelav, ensuring all its USFDA facilities are now in compliance. 

Alembic Pharmaceuticals Limited has been at the forefront of healthcare since 1907. Headquartered in India, Alembic manufactures and markets generic pharmaceutical products all over the world. Alembic's state-of-the-art research and manufacturing facilities are approved by regulatory authorities of many developed countries including the USFDA. Alembic is one of the leaders in branded generics in India. Alembic’s brands, marketed through a marketing team of over 5,000 are well recognized by doctors and patients. 

MIC Electronics bags two significant contracts by the Indian Railways 

MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment and software. They also produce medical equipment like oxygen concentrators and batteries. Headquartered in India, MIC exports its products globally and has a presence in the USA, Australia, UK and other countries. 

Earlier, the company has been awarded two significant contracts by the Indian Railways this month. 

The Western Railway Zone's Ratlam Division has placed an order worth ₹86,44,051.35 for the supply and installation of telecom equipment for foot overbridges at 14 stations. The Southern Railway Zone's Salem Division has also awarded a contract worth ₹1,33,08,976.53 for providing telecom-based passenger amenities and FIOSNET services at multiple stations. These domestic contracts are anticipated to be completed within 6 to 10 months from the date of acceptance. 

FIIs bought 2,01,99,118 shares in Q1FY25 and increased their stake to 8.38 per cent compared to 0.29 per cent in March 2024. MIC Electronics has a market cap of over ₹2,400 crore with a 3-year stock price CAGR of 336 per cent. The stock gave multibagger returns of 290 per cent in 1 year, 7,500 per cent in 3 years and a whopping 15,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock. 

Hazoor Multi Projects allotted 2,16,350 equity shares on the conversion of warrants 

Hazoor Multi Projects Limited announced the conversion of 2,16,350 warrants into an equal number of equity shares. These warrants were previously allotted to Non-Promoters/Public Category on a preferential basis at an issue price of ₹300 per warrant, requiring a payment of ₹75 per warrant upfront. The remaining ₹225 per warrant was due within 18 months from the date of allotment. Following today's conversion and allotment, the Company's issued and paid-up capital has increased to ₹19,91,77,020. The new equity shares will rank pari-passu with existing shares. There are still 1,13,78,139 outstanding warrants that can be converted into equity shares by paying the remaining ₹225 per warrant within the specified timeframe. Furthermore, The Board of Directors of the company announced the stock split in the ratio 10:1 i.e., sub-division of equity shares of ₹10 face value, 10 equity shares of face value of Re 1 each in the AGM meeting. The record date for the stock split is yet to be determined. 

In August 2024, FIIs bought 2,92,000 shares and increased their stake to 20.13 per cent compared to 19.18 per cent in June 2024. The shares of the company have a PE of 15x whereas the sectoral PE is 26x with an ROE of 86 per cent & an ROCE of 84 per cent. The stock gave multibagger returns of 350 per cent in just 1 year and a whopping 3,350 per cent in 3 years. From ₹1.50 to ₹567 per share; the stock rocketed over 37,700 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.According to the company's shareholding pattern, the promoters hold a 50.89 per cent stake while public investors own 49.11 per cent of the shares. 

Paras Defence and Space Technologies secures order worth ₹305 crore from Larsen and Toubro Limited 

Paras Defence and Space Technologies is engaged in the design, development, manufacturing, and testing of defence and space engineering products and solutions. The company operates across four major segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse Protection Solutions. 

Controp-Paras Technologies Private Limited, an associate company of Paras Defence and Space Technologies, has secured an order valued at approximately `305 crore (excluding taxes) from Larsen and Toubro Limited (L&T). The order entails the manufacturing and supply of 244 units of the Sight-25HD Electro-Optics (EO) System, which includes extended warranty charges and an Integrated Logistics Support (ILS) package for L&T's Close-In Weapon System (CIWS) program. The execution of the order is expected to be completed within 47 months. 

As per the Quarterly Results, in the Q1 FY25, Paras Defence and Space Technologies recorded a revenue of ₹84 crore compared to ₹48 crore. The operating profit stood at ₹24 crore with an operating profit margin of 29 per cent. The net profit stood at ₹14 crore compared to a profit of ₹6 crore. Looking at the annual performance, the company generated a revenue of ₹254 crore in FY24. The operating profit for FY24 was ₹51 crore with a net profit of ₹30 crore compared to a net profit of ₹36 crore in FY23. 

According to the company’s shareholding pattern, promoters hold 58.94 per cent, the public holds 38 per cent, and FIIs have increased their stake from 0.13 per cent to 2.97 per cent. Meanwhile, DIIs' stake stood at 0.07 per cent, down from 2.75 per cent in the June quarter.