Small-cap stock below ₹20, Oriental Trimex jumps 11% after FY25 business update
Stock Market Today: Small-cap stock below ₹ 20 gained more than 11% during the intraday trades on Monday. The gains for the Oriental Trimex share price were led by announcement on a FY25 business update announced by the company
Small-cap stock below ₹ 20 Oriental Trimex, said that it has Transformed Business Operations in FY25 as its revenue surges over Fourfold in Q4
1.Oriental Trimex anticipates an annual revenue contribution in the range of ₹ 10 crore to ₹ 15 crore from the black granite mining site. The lease in favor of Oriental Trimex was officially awarded on May 21, 2025, and this covers 4.961 hectares in village of Potteru, under Motu Tehsil of Malkangiri District.
Soon, operations will start, enhancing resource ownership, cost effectiveness, and full value chain integration from distribution to quarrying. Oriental Trimex's basis for steady growth and profit stability is strengthened by this long-term asset.
2. The Small-cap stock below ₹ 20 Oriental Trimex has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in high-end "Rare Earth" vitrified tiles, as part of its growth plan in the building materials sector. This facility, which opened in April 2025, is ideally situated close to the future Jewar Airport and Aerotropolis. Its goal is to satisfy the growing demand for premium marble-look tiles at affordable costs.
3.The Small-cap stock below ₹ 20 Oriental Trimex successfully completed a rights issue worth ₹ 48.51 crore in September 2024.
4.After repaying ₹ 39.55 crore to Edelweiss, the Small-cap stock below ₹ 20 Oriental Trimex is nearing a debt-free status
Small-cap stock below ₹ 20 Oriental Trimex share price opened at ₹ 12.90 on the BSE on Monday. At the time of opening, Oriental Trimex was trading higher as compared to the closing price of ₹ 12.19. The Small-Cap stock Oriental Trimex share price thereafter moved higher to ₹ 13.60, translating into intraday gains of more than 11% for the SpiceJet share price.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
34 minutes ago
- Mint
RBI governor Malhotra says IndusInd Bank doing well, shares jump 5%
Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen the exit of top executives and faced scrutiny from both the central bank and the capital markets regulator Securities and Exchange Board of India (Sebi). 'The MD & CEO has resigned and it says for taking moral responsibility. So, I thought that should be good enough,' Malhotra said at the post-policy conference. Reacting to the statement, IndusInd Bank's share hit an intraday high of ₹ 845.9 apiece on the BSE, up 5.3%, according to Bloomberg data. The stock remains 8.6% below its close of 10 March, the day the lender acknowledged the derivatives discrepancies. The broader BSE Bankex index has risen 15% over the same period. When asked about broader board accountability, Malhotra said, 'Do you expect all the board members…what are you hinting at? The MD & CEO, who is also a member of the board—if he has taken responsibility, that is at the board level itself.' IndusInd Bank is in the middle of a management transition, following the exit of deputy chief executive Arun Khurana—two days after a report by Grant Thornton on the derivatives lapses—and the resignation of chief executive Sumant Kathpalia before a successor was found. On 21 May, IndusInd Bank chairman Sunil Mehta said the board was not informed of the discrepancies and that it acted swiftly once they came to light. However, a Sebi probe found the bank had engaged KPMG to review the issues as early as 29 January 2024, well before it disclosed the matter to stock exchanges on 10 March 2025, Mint reported on 31 May. 'Normally we do not comment on individual banks," Malhotra said. "The banking system is very robust and I also mentioned these episodes will happen and should not bother us too much as long as they are far and few between and limited.' Deputy governor Swaminathan J said the bank had complied with all the requirements set by the RBI. The first was to ensure proper accounting of all discrepancies, backed by internal and external audits, and reflected in the March quarter results. The second was to conduct a forensic audit and hold those responsible to account. The third priority, Swaminathan said, was to ensure that no customer suffered losses or inconvenience. Each of these crises offers RBI some lessons and it sharpens the supervisory tools, he said. 'Going forward, we will look at these kinds of red flags so that we are in a position to anticipate them much in advance. If not immediately but very soon it should settle down and then be back to normal.' Last week, Sebi barred former MD & CEO Sumant Kathpalia and four other senior executives from the market and impounded gains of ₹ 19.78 crore, alleging they sold shares while in possession of unpublished price-sensitive information.
Mint
an hour ago
- Mint
Vedanta subsidiary Hindustan Zinc share price jumps after THIS fundraise update worth ₹5,000 crore
Stock Market Today: Vedanta subsidiary Hindustan Zinc share price gained during the intraday trade on Friday, June 6, following a fundraising move of ₹ 5,000 crore. Hindustan Zinc share price gained after Vedanta informed the stock exchanges — the National Stock Exchange of India (NSE) and the BSE — about the update on the fundraise. Vedanta told exchanges that certain undertakings have been provided by the company in relation to the equity shares of Hindustan Zinc Limited. As per the release, Vedanta said that it has has approved the issuance of unsecured, listed, rated, non-convertible, redeemable debentures. These debentures of up to ₹ 5,000 crore will have a face value of ₹ 1,00,000 each, on a private placement basis, in one or more series. Vedant Ltd also said that with regards to the Debenture issue, Axis Trustee Services Limited has been appointed as the Debenture Trustee and a Debenture Trust Deed, dated June 03, 2025, has been executed between the company and Axis Trustee Services Limited. Vedanta Ltd clarified that until full and final redemption of the Debentures, the company is required to directly remain the legal and beneficial owner of 50.1% of the share capital of Hindustan Zinc or HZL (on a fully diluted basis), and directly control Hindustan Zinc. The company is also restricted from creating any security over or disposing of 50.1% of the entire issued share capital or voting rights in Hindustan Zinc Ltd. Hindustan Zinc share price opened at ₹ 501.95 on the BSE on Friday. At the time of opening, Hindustan Zinc's share price was up 2% compared to the previous day's closing price of ₹ 492.10. The Vedanta subsidiary thereafter gained further to intraday highs of ₹ 510.75, and this meant intraday gains of around 3.8% for the Hindustan Zinc share price.
Mint
2 hours ago
- Mint
Nifty 50, Sensex end 1% higher on RBI's double bonanza, investors earn ₹3.6 lakh crore- 10 key highlights
Stock market today: Indian stocks ended with stellar gains during Friday's trading session as the RBI's double bonanza—a 50 basis point cut in the repo rate and a 100-basis point cut in the CRR—boosted expectations of improved credit demand and a recovery in domestic growth. The surprise move came just as Indian equities had lost momentum, with the Nifty retreating over the previous two weeks amid concerns over rich valuations and global trade uncertainty. Rate-sensitive stocks, led by real estate, financials, and auto, emerged as top performers, while expectations of an above-normal monsoon lifted the FMCG pack. An across-the-board buying lifted the market capitalisation of all BSE-listed firms to ₹ 451.1 lakh crore from ₹ 447.5 lakh crore in the previous session, making investors richer by about ₹ 3.6 lakh crore in a single session. Stock Market Today: 10 Key Highlights Here are 10 key highlights of the Indian stock market today: A deeper-than-expected repo rate cut and additional liquidity infusion through a CRR cut pushed both the Nifty 50 and Sensex higher, with each ending the session up over 1%. The Nifty 50 closed with a gain of 252 points, or 1.02%, at 25,003, while the Sensex jumped 443 points, or 1%, to close at 82,188. Today's RBI-led boost also turned the Nifty 50's weekly return to positive at 1.02% and the Sensex's to 0.91%. A healthy 1.5% gain in HDFC Bank shares contributed 48 points to the Nifty 50's rally of 252 points. Bajaj Finance (BAJFINANCE) added 25.44 points, Axis Bank contributed 23 points, while M&M and Shriram Finance added 13 and 11 points, respectively. Among the 13 sectoral indices, the Nifty Realty index emerged as the top performer, gaining over 4.68% as investor optimism grew that the 100 basis point CRR cut could encourage urban homebuyers. In fact, real estate stocks had gained traction on Dalal Street ahead of the RBI's MPC meeting, fueled by growing expectations of a rate cut. A strong surge in banking stocks—including IDFC First Bank, AU Small Finance Bank, Axis Bank, and IndusInd Bank—helped the Nifty Bank index touch a fresh 52-week high of 56,584 and ended the day with a gain of 1.47%. Other sectoral indices, including Nifty Auto, Nifty FMCG, Nifty Consumer Durables, and Nifty Oil and Gas, have also gained over 0.60%. While the frontline indices ended with solid gains, mid-cap stocks outperformed large-cap stocks, with the Nifty Midcap 100 index rising 1.21%—its biggest gain since May 12, when it jumped 4.12%. Today's rally also pushed the index's weekly return to 2.4%. In addition to mid-cap counters, small-cap stocks also performed well, as the Nifty Smallcap 100 index rallied by 0.80%. The broad-based rally led 45 Nifty 50 constituents to close in the green, with financial stocks including Shriram Finance and Bajaj Finance emerging as top gainers, rallying 5.7% and 5%, respectively. Private banking counters such as Axis Bank, IndusInd Bank, and Kotak Mahindra Bank zoomed over 1.6%, while auto stocks like Eicher Motors, Hero MotoCorp, Maruti Suzuki India, and Mahindra & Mahindra jumped between 1.6% and 3%. According to exchange data, 119 stocks, including Abbott India Ltd, APL Apollo Tubes Ltd, AU Small Finance Bank Ltd, Bajaj Holdings & Investment Ltd, Bharat Electronics Ltd, HDFC Asset Management Company Ltd, HDFC Bank Ltd, Muthoot Finance Ltd, SBI Cards and Payment Services Ltd, Solar Industries India Ltd, and SRF Ltd, have recorded new 52-week highs in today's session In contrast, 36 stocks touched 52-week lows, with notable mentions like Protean eGov Technologies Ltd, Axita Cotton Ltd, Naksh Precious Metals Ltd, and Uma Exports Ltd. Rama Steel Tubes emerged as the top volume gainer today, with 237 million shares traded across both BSE and NSE. The stock ended the session up 4.5% at ₹ 13.79 apiece. The second-highest volume gainer was IDFC First Bank, with 133 million shares changing hands. Other stocks, including Jaiprakash Power, Ujjivan Small Finance, and KBC Global, also recorded over 75 million shares in trading volume today. According to NSE data, 95 stocks hit their respective upper circuit limits, ranging from 2% to 20%. Among them, 8 stocks hit the 20% price band limit, while 13 stocks reached the 10% circuit limit. Some of the stocks include TVS Electronics, which hit the 20% limit band, while Dhunseri Tea & Industries and Wealth First Portfolio Managers also fell under the same bracket.
