Latest news with #Sharekhan
Mint
a day ago
- Business
- Mint
Multibagger recycling stock delivers 560% return in 3 years, 4000% in 5. Are you holding it?
Small cap multibagger stock in focus: Stock market investing is often seen as a journey of patience and strategy. Those who can spot potential in companies early on and hold onto their investments tend to be rewarded the most. Unlike the quick profits from short-term trading, long-term investors understand the value of sticking with companies that demonstrate strong fundamentals, growth prospects, and industry leadership. In this context, Gravita India is a stock that has rewarded its long-term shareholders with phenomenal returns by maintaining a steady upward trajectory year after year. The company is one of the largest lead recyclers in India in the organized lead recycling market. Despite a sharp pullback in recent months amid market volatility and profit booking, Gravita India' stock is still trading with a massive 560% gain over the last three years and a phenomenal 4000% gain over the past five years, making it one of the biggest wealth creators in the Indian stock market. Looking at the long-term horizon, the stock, from its 2013 low of ₹ 21, has gained 900% to trade at the current price of ₹ 1859 apiece. The stock has delivered positive returns every year since 2020, with CY21 emerging as the best year, during which it rallied 280%. Meanwhile, the company has successfully raised ₹ 1,000 crore via a Qualified Institutional Placement (QIP), earmarked for growth capex, working capital, and debt reduction. The company is expected to be a beneficiary of the government's latest regulation on battery waste management, as the same would result in strong double-digit volume growth for its India-led sales volume. Moreover, the company is implementing sizable capacity expansion plans for existing recycling verticals in India as well as in the overseas business. Focusing on diversifying into the new recycling vertical, i.e., rubber, steel, paper, e-waste, and lithium, is expected to stream new business avenues and would support achieving management's 2029 target of 25%+/35%+ revenue/PAT CAGR along with 25% RoCE. Domestic brokerage firm, Sharekhan has recently reinitiated coverage on Gravita India with a positive view, projecting a 26% upside from the current market price as the brokerage sets ₹ 2280 as the target price. The brokerage said the company offers a compelling play on regulatory tailwinds, capacity expansion, and strategic forays into new recycling verticals. With a strong track record and expected revenue/PAT CAGR of 27%/30% over FY25–FY27E, it believes Gravita is well-positioned to sustain growth. Government emphasis on circular economy initiatives and the company's goal to increase the share of non-lead and value-added products to 30%+/50%+ respectively could act as key re-rating catalysts. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Economic Times
18-06-2025
- Business
- Economic Times
Stocks to buy today: Indus Towers, Tata Elxsi among 6 trading ideas for 18 June 2025
Live Events We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau Expert: Kunal Bothra, Market Expert told ETNow (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian market is likely to consolidate on Wednesday, tracking mixed global Nifty50 index closed 93 points lower at 24,853 on Tuesday. Indian VIX fell nearly 3% to close at 14.40 in the previous daily Relative Strength Index (RSI) has eased to 52, down from recent peaks, suggesting a loss of momentum but not a reversal yet. Meanwhile, MACD remains in negative crossover mode, reflecting the consolidation the Nifty50 is holding above the 20-day SMA at 24,830, but failed to reclaim the 25,000 zone, which continues to act as a stiff hurdle.'The price action is largely sideways within a narrow band, showing indecision post the recent recovery,' Om Mehra, Technical Research Analyst, SAMCO Securities, said.'The immediate support is seen at 24,700, followed by 24,650. On the upside, the 25,000-25,170 range remains a key resistance band; a close above this level may revive bullish sentiment,' he Nifty Bank ended the session at 55,714.15, down 0.41% on Tuesday, forming a mild bearish candle after facing resistance near the 56,000 Target Rs 572| Stop Loss Rs 545Buy| Target Rs 787| Stop Loss Rs 738Buy| Target Rs 411| Stop Loss Rs 382Buy| Target Rs 1990| Stop Loss Rs 1920Buy| Target Rs 6800| Stop Loss Rs 6250Buy| Target Rs 4770| Stop Loss Rs 4560: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Business Standard
13-06-2025
- Business
- Business Standard
Sharekhan standalone net profit declines 54.95% in the March 2025 quarter
Sales decline 21.97% to Rs 349.40 crore Net profit of Sharekhan declined 54.95% to Rs 42.30 crore in the quarter ended March 2025 as against Rs 93.90 crore during the previous quarter ended March 2024. Sales declined 21.97% to Rs 349.40 crore in the quarter ended March 2025 as against Rs 447.80 crore during the previous quarter ended March 2024. For the full year,net profit rose 17.70% to Rs 284.60 crore in the year ended March 2025 as against Rs 241.80 crore during the previous year ended March 2024. Sales rose 13.71% to Rs 1685.30 crore in the year ended March 2025 as against Rs 1482.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 349.40447.80 -22 1685.301482.10 14 OPM % 35.4044.51 - 35.5438.70 - PBDT 65.60132.30 -50 352.30364.20 -3 PBT 53.30121.40 -56 296.10320.80 -8 NP 42.3093.90 -55 284.60241.80 18
Time of India
21-05-2025
- Business
- Time of India
Stocks to buy or sell today: City Union Bank, GAIL among top 4 trading ideas for 21 May 2025
The Indian market is likely to consolidate on Wednesday, tracking mixed global cues. The Nifty future closed negatively with a loss of 0.78% at 24,782 levels on Tuesday. India VIX rose marginally to close at 17.38 in the previous session. On the options front, the maximum Call OI is placed at 25,000 and then towards 25,100 strikes, while the maximum Put OI is placed at 24,000 and then towards 24,500 strikes. Call writing is seen at 25,000 and then towards 24,800 strikes while Put writing is seen at 24,500 and then towards 24,300 strikes. 'Options data suggests a broader trading range in between 24,300 to 25,200 zones while an immediate range between 24,500 to 24,900 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. 'Further, the index has been forming lower highs for the last three trading sessions, indicating a cautious undertone in the market. It formed a bearish candle on the daily chart on Tuesday and closed the day near its day's low,' he added. 'Now till Nifty50 holds below 24,850 zones, profit booking could be seen towards 24,550 then 24,444 zones while hurdles can be seen at 24,850 then 25,000 zones,' recommended Taparia. Nifty Bank formed a bearish candle on the daily scale on Tuesday as selling pressure was seen at higher levels. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas told ETBureau City Union Bank : Buy| Target Rs 203| Stop Loss Rs 189 Dr Reddy's Laboratories Ltd: Buy| Target Rs 1265| Stop Loss Rs 1200 GAIL India : Buy| Target Rs 203| Stop Loss Rs 186 F&O Strategy – UPL (May FUT): Sell| Target Rs 610| Stop Loss Rs 645 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
