Latest news with #Nelcast
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Business Standard
01-08-2025
- Business
- Business Standard
Smallcap stock zooms 107% in 3 months, nears record high; here's why
Nelcast stock price today: Shares of Nelcast hit a 52-week high of ₹179.15, surging 15 per cent on the BSE in Friday's intra-day trade amid heavy volumes after reporting strong results for the quarter ended June 2025 (Q1FY26). In the past three months, the stock price of the small-cap castings and forgings company has more than doubled or up 107 per cent, from a level of ₹86.36. Share price of Nelcast has surpassed its previous high of ₹170.85 touched on July 24, 2025. It is quoting close to its record high level of ₹194.50 hit on November 9, 2023. At 10:58 AM, Nelcast was quoting 11 per cent higher at ₹174, as compared to a 0.02 per cent decline in the BSE Sensex. The average trading volumes on the counter jumped over six-fold, with a combined 5.41 million shares representing 6.2 per cent of the total equity of Nelcast changing hands on the NSE and BSE. Track LIVE Stock Market Updates Nelcast Q1 results In the April to June 2025 quarter (Q1FY26), Nelcast reported 57.2 per cent year-on-year (Y-o-Y) growth in consolidated profit after tax (PAT) of ₹12.5 crore. The company had posted PAT of ₹8.0 crore in Q1FY25. Total revenue increased 11.1 per cent Y-o-Y at ₹336.0 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) jumped 44.3 per cent Y-o-Y at ₹32.4 crore, margin improved 222 bps at 9.6 per cent from 7.4 per cent in the year-ago quarter. The margins have strengthened significantly, with Ebitda per kg rising 24 per cent Y-o-Y to ₹14.7 per kg, reaffirming guidance to reach ₹15 per kg by the end of FY26. While FY25 was a year of consolidation, FY26 is about building a strong foundation for the future, the company said. Nelcast FY26 Outlook The tractor segment saw robust growth, supported by a favourable monsoon, while MHCV and other segments delivered steady performance. Despite early concerns around tariff-related uncertainties in key export markets, the management believes the impact will be limited and manageable. Exports grew by 17 per cent Y-o-Y to ₹115 crore, and the management remains optimistic about long-term opportunities, especially with the UK FTA expected to shift sourcing preferences to India. The management said the company's strategic focus on new product development and capacity optimisation in FY26, laying the groundwork for accelerated growth over the next two years. The company reaffirmed Ebitda per kg guidance of ₹15 per kg for FY26, driven by margin expansion and operational efficiencies. Several other new product samples are also in progress, setting the stage for meaningful growth in FY27 and FY28. Meanwhile, Nelcast enjoys the confidence of its valued customers for providing quality products. Therefore, as newer and more advanced castings are developed, the company has an edge over the competition due to its diverse capabilities. It has made significant investments to increase capacity and is poised to take advantage of the growth from both the domestic automotive industry and the global market, Nelcast said in its FY25 annual report. About Nelcast Nelcast manufactures grey and ductile castings for the M&HCV and tractor industry segments. Around 30-35 per cent of its overall revenues are also generated from export markets. Key products supplied to its M&HCV clients include differential carriers, differential cases, bogie suspension brackets, and conventional brackets, among others.
Business Standard
01-08-2025
- Business
- Business Standard
Nelcast consolidated net profit rises 57.04% in the June 2025 quarter
Sales rise 10.58% to Rs 331.86 crore Net profit of Nelcast rose 57.04% to Rs 12.50 crore in the quarter ended June 2025 as against Rs 7.96 crore during the previous quarter ended June 2024. Sales rose 10.58% to Rs 331.86 crore in the quarter ended June 2025 as against Rs 300.10 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 331.86300.10 11 OPM % 8.516.73 - PBDT 23.0514.05 64 PBT 16.608.13 104 NP 12.507.96 57
Mint
22-07-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 22 July 2025
Breakout stocks buy or sell: Strong gains in major banking stocks such as HDFC Bank and ICICI Bank lifted the Indian market benchmarks — Sensex and Nifty 50 — on Monday, July 21, helping them snap a two-day losing streak despite mixed global signals. The Sensex advanced by 443 points, or 0.54 per cent, to settle at 82,200.34, while the Nifty 50 gained 122 points, or 0.49 per cent, to close at 25,090.70. The BSE Midcap index also climbed 0.55 per cent, mirroring the benchmarks, whereas the BSE Smallcap index closed on a flat note. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market is indicating a trend reversal as the Nifty 50 index has bounced back strongly after inching close to 50-DEMA support of 24,900. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is facing hurdle at 25,250. On breaking above this resistance on a closing basis, we can expect the 50-stock index to touch 25,500 and 25,700 soon. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Nelcast, Vintage Coffee and Beverages, Royal Orchid Hotels, Chemplast Sanmar, and KRBL. 1] Nelcast: Buy at ₹ 152.7, target ₹ 163, stop loss ₹ 147; 2] Vintage Coffee and Beverages: Buy at ₹ 146.55, target ₹ 157, stop loss ₹ 141; 3] Royal Orchid Hotels: Buy at ₹ 437.8, target ₹ 470, stop loss ₹ 422; 4] Chemplast Sanmar: Buy at ₹ 467.4, target ₹ 505, stop loss ₹ 350; 5] KRBL: Buy at ₹ 414, target ₹ 444, stop loss ₹ 399. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
26-05-2025
- Business
- Economic Times
Rs 7 lakh crore boom in just 10 days! Is the smallcap stocks party getting out of hand?
Smallcap stocks have surged, adding Rs 7.3 lakh crore to investor wealth in just 10 sessions, fueled by sectoral tailwinds and retail investor enthusiasm. Synopsis Smallcap stocks have surged, adding Rs 7.3 lakh crore to investor wealth in just 10 sessions, fueled by stock-specific triggers and retail investor enthusiasm. While some experts see justified valuations due to growth, others caution against stretched valuations and potential herd behavior, highlighting the risks of chasing momentum after a prior correction. The rally's sustainability remains questionable. As small is turning out to be beautiful once again, smallcap stocks have added a jaw-dropping Rs 7.3 lakh crore to investor wealth in just 10 trading sessions — a 10% surge in the BSE SmallCap index that has caught both retail and institutional investors off guard. The sharp rally, led by explosive moves in names like Nelcast and Cosmo First (both up 65%) and GRSE (up 55%), has sparked fresh debate: is this a sustainable rebound or another round of frothy FOMO? ADVERTISEMENT A total of 46 stocks have surged at least 30% in the last 10 days, with names such as TTML, IFCI, BLS E-Services, NDTV, Inox Green Energy, Zen Tech, Angel One and Titagarh Rail among the standout performers. The breadth of the rally has been remarkable — out of nearly 980 stocks in the BSE SmallCap index, fewer than 70 have delivered negative returns during this period. The rally, while widespread, has been driven by a combination of stock-specific triggers, sectoral tailwinds, particularly in defence and railways, and liquidity-led buying from retail investors eager to ride the next big wave. 'The recent ferocious rally in defence stocks post the recent skirmish (Operation Sindoor) is yet another example of greed or FOMO taking over rational investing behaviour,' said Atul Bhole, EVP & Fund Manager at Kotak Mahindra AMC. He noted that several small and midcap (SMID) stocks had earlier suffered value erosion of 40-60% between mid-2024 and early 2025, largely due to momentum-driven buying without fundamental backing. Also read | Smallcap surge or mere illusion? Rupak De decodes trends in broader market Bhole warns that while mutual funds and institutional investors have sidestepped many of these traps, retail participants may not have learned their lesson: 'The market is like a voting machine in the short term and keeps attracting new investors or making the same investors repeat newer mistakes.' ADVERTISEMENT Dhiraj Relli, MD & CEO of HDFC Securities, said the rally comes on the heels of a brutal correction: 'Midcap and small cap indices corrected 20-22% earlier this year, with many stocks falling 25-40%, which made valuations more attractive.' Sectors like railways, defence, and metals have since staged sharp rebounds. ADVERTISEMENT Still, Relli cautioned that investors chasing momentum need to tread carefully. 'Valuations in several segments have again become expensive. While smallcaps offer high return potential, they also come with high risk.'Rupak De, Senior Technical Analyst at LKP Securities, argued the current rally might be masking deeper issues. 'Many broader market stocks continue to look vulnerable to selling pressure. A handful of quality names are pulling up the smallcap and midcap indices, creating the illusion of broad strength.' ADVERTISEMENT He emphasized that this isn't 2023 anymore: 'This time around, the market will truly test your stock-picking skills.' Despite concerns, some strategists see merit in the rally. Seshadri Sen of Emkay Global noted that high valuations in the SMID space may not be as alarming as they appear. 'We do not see any bubble in SMIDs. High valuations are supported by growth and improved earnings quality,' he said. Sector composition differences between large caps and small/midcaps, he argues, explain much of the divergence in price-to-earnings ratios. ADVERTISEMENT Yet, not everyone is buying the Equities flagged that 30% of new mutual fund investors have entered the markets in the past two years, with disproportionate flows into midcap, smallcap, and thematic funds — a pattern that raises red flags around sustainability. Many of these investors are still heavily invested in 'narrative' stocks, despite last year's harsh Rs 7.3 lakh crore question is not whether smallcaps can rally but whether this rally is built on solid ground or destined to unravel under the weight of stretched valuations and herd behaviour. For now, momentum is in control — but fundamentals may soon have their say. (Data: Ritesh Presswala) Also read | Can Sensex hit 1 lakh in 1 year? Morgan Stanley gives new target (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. 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Time of India
26-05-2025
- Business
- Time of India
Rs 7 lakh crore boom in just 10 days! Is the smallcap stocks party getting out of hand?
Smallcap stocks have surged, adding Rs 7.3 lakh crore to investor wealth in just 10 sessions, fueled by stock-specific triggers and retail investor enthusiasm. While some experts see justified valuations due to growth, others caution against stretched valuations and potential herd behavior, highlighting the risks of chasing momentum after a prior correction. The rally's sustainability remains questionable. Tired of too many ads? Remove Ads Momentum Meets Narrative Tired of too many ads? Remove Ads A Bounce from the Bottom Not a Rising Tide for All Are Valuations Justified? Tired of too many ads? Remove Ads As small is turning out to be beautiful once again, smallcap stocks have added a jaw-dropping Rs 7.3 lakh crore to investor wealth in just 10 trading sessions — a 10% surge in the BSE SmallCap index that has caught both retail and institutional investors off guard. The sharp rally, led by explosive moves in names like Nelcast and Cosmo First (both up 65%) and GRSE (up 55%), has sparked fresh debate: is this a sustainable rebound or another round of frothy FOMO?A total of 46 stocks have surged at least 30% in the last 10 days, with names such as TTML Angel One and Titagarh Rail among the standout performers. The breadth of the rally has been remarkable — out of nearly 980 stocks in the BSE SmallCap index, fewer than 70 have delivered negative returns during this rally, while widespread, has been driven by a combination of stock-specific triggers, sectoral tailwinds, particularly in defence and railways, and liquidity-led buying from retail investors eager to ride the next big wave.'The recent ferocious rally in defence stocks post the recent skirmish (Operation Sindoor) is yet another example of greed or FOMO taking over rational investing behaviour,' said Atul Bhole, EVP & Fund Manager at Kotak Mahindra AMC. He noted that several small and midcap (SMID) stocks had earlier suffered value erosion of 40-60% between mid-2024 and early 2025, largely due to momentum-driven buying without fundamental warns that while mutual funds and institutional investors have sidestepped many of these traps, retail participants may not have learned their lesson: 'The market is like a voting machine in the short term and keeps attracting new investors or making the same investors repeat newer mistakes.'Dhiraj Relli, MD & CEO of HDFC Securities, said the rally comes on the heels of a brutal correction: 'Midcap and small cap indices corrected 20-22% earlier this year, with many stocks falling 25-40%, which made valuations more attractive.' Sectors like railways, defence, and metals have since staged sharp Relli cautioned that investors chasing momentum need to tread carefully. 'Valuations in several segments have again become expensive. While smallcaps offer high return potential, they also come with high risk.'Rupak De, Senior Technical Analyst at LKP Securities, argued the current rally might be masking deeper issues. 'Many broader market stocks continue to look vulnerable to selling pressure. A handful of quality names are pulling up the smallcap and midcap indices, creating the illusion of broad strength.'He emphasized that this isn't 2023 anymore: 'This time around, the market will truly test your stock-picking skills.'Despite concerns, some strategists see merit in the rally. Seshadri Sen of Emkay Global noted that high valuations in the SMID space may not be as alarming as they appear. 'We do not see any bubble in SMIDs. High valuations are supported by growth and improved earnings quality,' he said. Sector composition differences between large caps and small/midcaps, he argues, explain much of the divergence in price-to-earnings not everyone is buying the Equities flagged that 30% of new mutual fund investors have entered the markets in the past two years, with disproportionate flows into midcap, smallcap, and thematic funds — a pattern that raises red flags around sustainability. Many of these investors are still heavily invested in 'narrative' stocks, despite last year's harsh Rs 7.3 lakh crore question is not whether smallcaps can rally but whether this rally is built on solid ground or destined to unravel under the weight of stretched valuations and herd behaviour. For now, momentum is in control — but fundamentals may soon have their say.(Data: Ritesh Presswala): Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
