Crompton Greaves Relishes Fortune Post Q1

Crompton Greaves shares is enjoying fortunes for the second consecutive day on Wednesday after the capital goods maker's June quarter earnings meet the expectations of the Street. Crompton Greaves share price rallied up 3 per cent to hit an intraday high of Rs 85.45, on top of yesterday's 1.93 per cent gains.

Crompton Greaves net loss decreased to Rs 10 crore in Q1 against a loss of Rs 62 crore in the same quarter of last financial year. On the other hand, revenues of Crompton Greaves jumped 39 per cent to Rs 1,424 crore. Also, Crompton Greaves' Q1 earnings were in line with estimates as subsidiary business posted higher margins. The company's revenue growth was led by its power systems division, which noted 87 per cent jump in its revenue at Rs 703 crore.

Nonetheless, the performance of power segment is unlikely to sustain as it included trading gains. Yet, it is expected that the core business of Crompton Greaves will strengthen going ahead as expenses related to the discontinued business will taper off.

As of 2.43pm., Crompton Greaves share price traded 3.18 per cent higher at Rs 84.35. The stock opened at Rs. 83 touching the day’s high and low at Rs. 85.50 and Rs. 82.50. Till now, 3,92,604 shares exchanged hands with a traded value of Rs. 647.80 lacs.

The company has a market cap amounting to Rs. 5129.92 (Cr). The closest support level of Crompton Greaves share price is Rs. 79.20 while the closest resistance level of the stock is Rs. 84.50.

In order to acquire detailed informtion refer to Cromton Greaves share price forecast. 

Net profit of Uflex gallops 13 per cent in June quarter

Uflex Limited, India’s largest global flexible packaging solution company has posted a 13 per cent jump in the consolidated net profit for the April-June quarter, 2016 as opposed to the same quarter in the previous fiscal. The net profit for Q1 FY 2016-17 was recorded at Rs.86.2 cr as compared to Rs.76.2 cr in the last financial year.

Consolidated EBITDA for Q1 FY 2016-17 stood at Rs.228.4 cr compared with Rs.219.3 cr recorded in Q1 FY 2015-16, thus clocking in a growth of 4 per cent.

Consolidated net revenue was seen to be Rs.1,538.70 cr declining by 4 per cent as opposed to Rs.1,605.00 cr recorded in Q1 FY 2015-16. While there was a drop in net revenue triggered by lower sales price owing to dipping raw material costs, the volumes during the quarter have soared by 3 per cent.

In a formal newsletter released soon after announcing the earnings for Q1 FY 2016-17, Chairman and Managing Director, Uflex – Ashok Chaturvedi said that the new financial year had started on an eye-popping note with product innovation, process enhancements, technological collaborations and partnerships thereby fortifying positive metamorphism.

Chaturvedi added with a smiling facade that they had inaugurated the “fully automatic robotic laser engraving line” at their Noida facility in technical collaboration with Think Lab, Japan. He further continued that this had reduced the cumbersome process of producing rotogravure printing cylinders to a single operator job while amazingly increasing both precision of job and efficiency.

In June 2016, Uflex had a pretty successful showing at Drupa 2016. Chaturvedi stated that the response had been overwhelming with a good amount of interest by global clientele in the end-to-end flexible packaging solutions offered by the company. The chairman further added that at the event, they announced technological collaboration with Comiflex SRL Italy for producing geared and gearless CI Flexo Printing Machines at their engineering plant in India under a Technology Transfer Agreement with the latter.

Chaturvedi concluded that the quarters ahead held promising business prospects.

Meanwhile, upholding its commitment towards environment and nature, Uflex has started interventions towards conservation of natural resource conservation and ecosystem optimisation in two villages of Gautam Buddha Nagar District in UP. This entails recharging groundwater table via rainwater harvesting measures and bettering ecological quotient and greenery via focused plantation drives.

Meanwhile, Uflex share price was trading 5.65 per cent up on NSE today. The scrip opened at Rs.234 from a previous closing of Rs.234.35. To acquire details on the support and resistance levels of the stock, please pay a visit to Uflex share price history. 

Auto Sector- The Star on Dalal Street Today

Even though, the Auto sector had been hit by the ban of Diesel Vehicles in Delhi-NCR region and sustained a loss of almost Rs. 4,000 crores in 8 months following the ban, nothing stopped the Sector from dominating the Street. After the robust growth of 25% in April, the sales skidded by 7% in July, but still ‘Where there is a way, there is Auto sector’. Past month, Nifty Auto gave a return of 4.17%. The stocks of Automobile and Auto component companies have gained enormously, recently. As the Crude oil price continued to fall, the demand for passenger cars, two-wheelers and auto ancillaries were anticipated to go up. Apart from that, the Auto Sector has also benefited from the mighty GST bill and low inflation . There are a few favorite picks in the sector screaming ‘buy me’ loudly because of Strong Fundamentals.

There are some stocks that take pride in their low PE ratio:

1. The first prize goes to the world class manufacturer of Auto parts- JBM Auto.  The company has a PE of 11, lowest among the top ten movers of the sector.
2. Steel Strips Wheels Limited stands second  with the PE of 12.
3. Sterling Tools is the company that holds the third rank with the PE of 13.

The rise in the Earnings per share plays a major role in the trading race. The higher the rise in EPS, the more sweeter the share becomes for Investment.

1. For now, Escorts hold the esteemed place of the most favorite stock of the Street in the sector. Escorts have reported 185.5%  rise in its EPS.
2. Rico Auto is the next in the queue with the EPS return rising by 117%.
3. Not so far away is JBM Auto, betting on the 20% topline growth in FY17 with the EPS rise of 111.6%

Mutual Fund holdings influence the performance of the stock a great deal in the long run. So, when an investor is focusing on buying a stock that would enrich the portfolio, MFs holding of a stock should be kept and eye on.

1. Sundram Fasteners have shown a great number as its Mutual Fund Holding. The stock has the highest, 32, MFs holding among the top ten gainers in the Automobile and Auto Components sector.
2. Igarashi Motors follows behind with 17 MFs holdings in its account.
3. Escorts grab a place here as well with 15 MFs holdings.

Brexit has not left any Sector untouched but count on the ones that have shown positive movement after the historical event.

Here, Sundram Fasteners shares the center stage with JBM Auto, both showing 73% gains in their share price post-Brexit.

With 65% gains, Rico Auto tags along, bagging the second place.

And  Of course, Escorts showing 58% gains post-Brexit.

Apart from these rulers of the Auto Sector, the portfolio can also be enriched with Federal-Moghul Goetze Limited, BancoIndia, Pricol and Sterling Tools Limited. These stocks also hold potential for attractive returns in the Sector.

To Conclude, all potential Traders must have at least one stock from the Auto Sector in their Portfolio lest they miss out on a golden opportunity.

Dalmia Bharat Sugar gains momentum

This morning of 31st August saw Dalmia Bharat Sugar share price saw a steep rise by 7%. The stock opened with a rise of 7 points at Rs.104.60 as compared to its previous closing at Rs.104.30. The stock touched the days high and low at Rs. 112.80 and Rs. 104.60. As of now, approximately 4 lacs shares are traded in the counter with a traded value of Rs. 470.03 lacs, as per NSE.

Dalmia Bharat share price jumped almost 7% on Wednesday, trading at a rise of 7 points at Rs. 111.35 emphasises on world class systems, that is the reason they produce sugar of high quality which has gained wide acceptance in markets in U.P. & eastern India and institutional buyers including Pepsi, Coke, Britannia, Bharati Wal-Mart, Parle etc. who have stringent quality norms. Sugar sector possess immense potential in supplying food & energy security for the country which is going to be one of the chief developmental prerequisites in next 5-10 years. Under the leadership of Mr. Puneet Dalmia, Promoter Dalmia Bharat Group, that their sugar business has consistently been performing beyond expectations.

Dalmia Bharat Sugar is identified by Dynamic Levels as the top 500 performing stocks for this quarter amongst the 1700 shares listed on NSE owing to their strong fundamentals. The 52 week high value of the stock is seen at Rs. 168.00 on 2nd Aug ‘16 while the 52 week low value is observed at Rs. 21.40 on 9th Sep ‘15. The company has a market cap amounting to Rs. 844.20 crores. On the other hand the lifetime high of the stock stands at Rs. 580 on 2nd Jan ‘08 while the lifetime low is recorded at Rs. 11.60 on 10th Feb ‘10.

Currently, Dalmia Bharat Sugar share price is trading at Rs. 111.35. In order to acquire lastest information about the stock, refer to Dalmia Bharat Sugar share price history.

V Guard share price rallied 8% after Stock Split

V Guard share price has rallied by by 8 per cent to Rs 1,848, to touch a record high on the BSE, ahead of stock split in the ratio of 10:1 on Tuesday, 30th August, 2016.

V Guard Industries Board of Directors at their meeting held on 16th June, 2016, approved the stock split in the ratio of one equity share which is of face value of Rs 10 each will be split into ten equity shares of face value of Re 1 each.

V Guard has fixed 31st August, 2016 as the record date for the purpose of sub-division of equity shares. Post the split V Guard share price is trading at Rs 194.70 apiece, up by 3.07 per cent.

The reason behind the stock split is to improve liquidity of the shares in the market and to also make the shares more affordable to small investors.

Since 15th June, the stock outperformed the market by surging 41 per cent from Rs 1,309, as compared to 4 per cent rise in the S&P BSE Sensex. In past six-months, it appreciated more than 100 per cent from Rs 798, against 22 per cent rise in the benchmark index.

V Guard share price opened at Rs 190.60 from a previous closing Rs 188.90. After the split the share price made a record high of Rs 197.70 on 30th August 2016. A total of 6,32,280 shares of the Company have been traded on NSE today. Get the historical share price performance of V Guard at V Guard share price history.

Infosys is Creating Smaller Business Units

Infosys, India's second largest software services company, is creating smaller business units, headed by a novel line of leaders, as a part of its efforts to improve and enhance market penetration and client management.

Infosys CEO - Vishal Sikka, said at a recent analyst meet that they were expanding the bandwidth of their present presidents by creating smaller business units of 500-700 million dollars headed by their next line of leaders. He added that this would help them in better market penetration and client management.

However, he did not comment on the number of units that would be created or even for that matter the people who would head these entities. Sikka said that the move would help its 4 presidents in addressing long term strategic levers and speed up the novel services.

The 4 presidents are Sandeep Dadlani, Rajesh Krishnamurthy, Mohit Joshi and Ravi Kumar S. 

Sikka also added that while Infosys had a strong leadership depth in the company, it was also infusing external talent. He concluded that they had made progress in attracting a few key external talent to key leadership positions within the company.

Infosys share price update:

Currently, Infosys share price is trading 0.51 per cent lower at Rs.1,035.05 on NSE. The stock opened at Rs.1,037.10 from a previous closing of Rs.1,040.40. As of now the day’s high stands at Rs.1,041.20 While the day’s low stands at Rs.1,031.85. So far, near about 7 lac shares have exchanged hands on the NSE counter having a traded value of Rs.6,904.

Infosys is among the top 500 Shares recognized by Dynamic Levels researchers and stock analysts at the end of each quarter out of the 1700 Shares registered on NSE. The scrip has strong fundamentals and impressive financials. Dynamic Levels also provides support and resistance levels for the stock. Please visit Infosys share price history for more information.

Cox and Kings reported decline in profit

Yesterday Tour and travel firm Cox & Kings declared its quarter result after the market closed. The company had reported 23.67 percent decline in consolidated net profit to Rs 108.07 crore for the first quarter ended June 30, 2016-17. The company had also posted a net profit after taxes, minority interest and share of profit of associates of Rs 141.60 crore for the corresponding period of the previous financial year. Consolidated total income from operations also dipped to Rs 2,065.12 crore for the first quarter of the current financial year as against Rs 2,131.80 crore for the same period of 2015-16. The effect of the declining values of the Quarter will be seen on Cox and Kings Share Price after the market opens for trade today.

The standalone profit after tax of Cox and Kings have however increased to Rs. 90.66 from Rs. 77.64 in the same quarter last financial year. As per June 2016 declaration of shareholding pattern, the company has floated 17.62 crores shares from which Indian promoters own 35.96% shares and foreign promoters hold 15.39% stakes. Institution holding is 33.06% where most stakeholders are foreign institutions with 31.33% stakes and domestic institutions hold only 1.73% stakes. The remaining 15.59% shares are held by other non-institution entities.

Yesterday, Cox and Kings share price closed with a dip of 0.95% at Rs. 193.90. A total of 7,74,601 shares were traded over the NSE counter in yesterday’s trade. The scrip had touched the intraday high and low of Rs. 199.50 and the low of 192.55. For details of Cox and Kings Check Cox and Kings share price history page of Dynamic Levels website.

Nifty, If trades above 8820, it may test 9100 levels

Indian Market Outlook: Yesterday, Indian Benchmark Index Nifty saw a positive opening and a follow up buying to breach 8800 levels and closing with a gain of more than 1.5 percent. Nifty spot's previous high of 8720 was also breached to make a new high of 8740. Automobile companies Eicher motors and Maruti were top gainers yesterday. Banking and IT stocks moved up in tandem which is the sign of trending market. Strong buying was seen in cash markets yesterday by both DII and FII, it looks like the upside momentum can continue for today as well. Nifty Futures made the same high of 8805 on August 8th for the September contract. If it breaches 8820 levels, Nifty might test 9100 levels.

Top 5 gainers for yesterday were Ambuja Cement, Bosch Ltd, Grasim, ACC and Eicher motors.

Nifty Futures is expected to open at 8805 as per SGX Nifty at 8:30 am IST, which is 10 points above its previous close of 8795.

Open Interest Index Futures

On 30th August of 2016, FII & Pro have bought 1966350 shares combined, above average of 705075.

The total for the September expiry from the 26th August is 2121675 shares in Index Futures.

Open Interest Index Options

On 30th August of 2016, FII & Pro have bought 7743900 shares combined, above average of 2920650.

The total for the September expiry from the 26th August is 10541400 shares in Index Options.

FII & DII Cash Buy/Sell Activity

Last trading day, FII's have bought Rs. 391 Cr shares and DII have bought shares worth Rs. 485 Cr. Combined, net buying worth Rs. 876 cr was seen.

For the September expiry FII and DII are net buyers worth 1255 Cr.

The combined FII and Pro have seen increase in long position in Index future and increase in index options. In the cash segment FII and DII combined are net buyers of Rs. 1255 Cr for the September expiry.

Disclaimer:

The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.

Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

Whirlpool India Ltd “Makers of World Class Home Appliances”

Whirlpool India Ltd headquartered in Gurgaon, is engaged in the business of manufacturing and marketing of major home appliances. The company has 3 manufacturing facilities located at Faridabad, Pondicherry and Pune. The company’s product portfolio includes refrigerators, washing machines, air conditioners, microwave, water purifiers, induction cooktops etc.

Whirlpool is one of the Top 500 Stocks, identified by Dynamic Levels Research based on technical and fundamental research.

Whirlpool India share price has touched a 52 week high of Rs. 988 on 29-Aug-2016 and a 52 week low of Rs. 555.55  on 12 -Feb -2016, and is currently trading at Rs. 960

Share Holding

The promoters holding in the company stood at 75% while Institutions and Non-Institutions hold 14.53% and 10.47% respectively.

Financial Analysis

Quarterly Results

• During the quarter ended 31st March 2016, the total income from operations of Whirlpool reported a growth of 11% on Y-o-Y basis and stood at Rs. 860.22 crore against Rs. 775.56 crore in the same quarter last year.
• The operating profit of Whirlpool for the quarter ended 31st March 2016 stood at Rs. 84.65 crore against Rs. 62.19 crore in the quarter ended 31st March 2015, growing by 36%.
• PAT grew by 23% and stood at Rs. 67.81 crore for the quarter ended 31st March 2016 against Rs. 55.27 crore in the quarter ended 31st March 2015.
• EPS grew by 22% and stood at Rs. 5.34 for Q4FY16 against Rs. 4.36 in the same period last year.

Annual Result Analysis: 

• The net sales of Whirlpool for FY16  stood at Rs. 3338.35 crore  compared to Rs. 3167.42 crore in FY15, growing by 5.40%. 
• The operating profit grew by 19% and stood at Rs. 312.33 crore in FY16 against Rs. 263.16 crore in FY15. 
• PAT stood at Rs. 247.38 crore in FY16 against Rs. 210.51 crore in FY15. PAT for the year grew by 17.51%. 
• EPS grew by 18% and stood at Rs. 19.54 for FY16 against Rs. 16.59 for FY15.

Investment Rationale

• Whirlpool’s products are exported to more than 30 markets all over the globe.
• The company has an established position in the refrigerator and washing machine segment with a market share of almost 17% and 13% respectively. In FY15 refrigerator segment contributed ~60% of the company’s total revenues while washing machine sales contributed ~20% of the total revenues.
• Whirlpool is amongst the Top 5 refrigerators manufacturers in India.
• The company has launched new products and expects revenues to pick up post monsoon which is expected to be above normal in FY17.
• The company has set a target of doubling its sales volume by 2020.
• Whirlpool has a diversified product portfolio and is focused on identifying product gaps with its competitors LG and Samsung and expects to fix up the gaps in next twelve months.
• Whirlpool has plans to invest Rs 15-20 crore to set up 100 exclusive showrooms for its built-in-kitchen segment with an expectation of a five-fold jump in its revenues.
• GST implementation is likely to lower taxes on the consumer durable industry and this will result in demand of the company’s product to rise, thus generating additional revenue.
• The business prospects and balance sheet look stronger than ever, with the upcoming Pay Commission, Q3 festive season and rural electrification focus, likely to drive strong demand for durables. Rural Markets which accounts for 69% of Indian houses and yet contributes a mere 10% of overall sales of the Company.

Investment Opinion

At CMP Rs. 960 the share price of Whirlpool is trading at a P/E of 47   and Whirlpool has a market cap of Rs. 11656 crore. Dynamic Levels recommend a buy on the stock with a price target of Rs. 1100 for a short term outlook.

TCS Ranked in the Leadership Zone in Zinnov GSPR Report

Tata Consultancy Services (TCS), (NSE: TCS, BSE: 532540, ISIN: INE467B01029), one of the leading global IT Services, consulting and business solutions organization, today said that it has been recognized in the leadership zones across several segments in Zinnov “Global Media & Entertainment Service Providers (GSPR) Landscape Study.”

TCS is one of the leading companies in the Information Services segment and it is highly ranked in the ‘Leadership Zones’ of the Education, Publishing, Broadcasting, as well as Entertainment sectors.

This report is based on a comprehensive analysis of the people, business models, patents, capabilities, infrastructure, training, alliances, clients, and maturity along with depth of services of leading global providers. This is a first-of-its-kind study, enabling business leaders in the Media and Entertainment industry to make accurate and informed decisions regarding partner selection across geographies, in order to chart their digital journey.

The Company has more than two decades of experience in partnering with global media, information services as well as publishing customers, with diverse work spanning product engineering, digital products and platforms, and content operations. Its global scale, innovative business model arrangements and truly collaborative partnerships with customers make Tata Consultancy Services the first choice for organizations seeking engineering transformation. 

On the market front TCS share price closed at Rs 2,500.55, down by 0.67 per cent. A total of 7,44,364 shares of the Company have been traded today.

TCS is one of the Top 500 shares of Dynamic levels. Get the most important levels of the share at TCS share price forecast.

Srikalahasthi Pipes Tanks Post Quarter Result

Srikalahasthi Pipes share price tanked despite the rise in the net profit. The company declared a net profit of Rs. 42.96 crore for the first quarter ended June 30, 2016, against Rs. 34.53 crore for the corresponding quarter last year. The company was formerly known as Lanco Industries Ltd. Srikalahasthi Pipes share price tanked 0ver 6%.

Srikalahasthi Pipes registered higher income of Rs. 279.22 crore for the June quarter in comparison to Rs. 255.85 crore in the corresponding quarter last financial year.

GS Rathi, Director of the company, informed that the current expansion program of Rs.100 crore is under implementation and will be completed by the second quarter of the ongoing financial year. The expansion program comprises of up-gradation and modification of blast furnace and expansion of ductile iron pipes capacity.

Meanwhile, Srikalahasthi Pipes share price closed at Rs. 307.20.

GS Rathi also announced that the company has shut down the mini blast furnace from August 4, 2016, for 30 days for taking up relining of the furnace along with modernization of the plant to trim down the cost of production of liquid metal. The shutdown is likely to be completed within the scheduled duration. Production for the full financial year is expected to be enhanced in comparison to last financial year.

Srikalahasthi Pipes share price had opened at Rs. 325.95 against its previous close of Rs. 324.40. The stock is among top 500 performing stocks for the quarter identified by Dynamic Levels. For details of the stock check Srikalahasthi Pipes share price history page of Dynamic Levels website.

V Guard Share Price Surged ahead of Split

V Guard share price has moved up by 8% to Rs 1,847.70, also its record one year high on the NSE, ahead of the stock split in the ratio of 10:1 on Tuesday, August 30, 2016.

At the meeting of the board of directors of V-Guard Industries on June 16, 2016, the stock split was approved to be done in the ratio of 1:10. In simple words, one equity share of face value of Rs 10 each will be split into ten equity shares of face value of Re 1 each. August 31 is the record date set by the company date for the purpose of sub-division of equity shares. The stock will turn ex-stock split on August 30. The news led V Guard share price close at Rs. 1,780.40.

The grounds for the stock split are to perk up the liquidity of the shares in the market and make the shares more affordable to small investors.Since June 15, the stock has outperformed the market by rising 41% from Rs 1,309, as compared to 4% rise in the S&P BSE Sensex. In the past six months, it appreciated more than 100% from Rs 798, against 22% rise in the benchmark index.

V Guard share price was up by 6% at Rs 1,816 on the BSE, as compared to 0.3% rise in the Sensex. So far, a total of 1,65,135 shares changed hands on the counter of NSE today. Dynamic Levels have identified V Guard among top 500 performing shares for the quarter. For details on the stock, visit V Guard share price history page of the website.

DHFL NCD Oversubscribed, Share Price Dips

Mortgage lender Dewan Housing Finance Corporation’s issue of non-convertible debentures worth up to Rs 10,000 crore was entirely subscribed today on the first day of the issue itself. According to the latest updates available with the National Stock Exchange (NSE), the issue was oversubscribed by 3.32 times till 1 pm.

Although the NCDs did well in the market, still DHFL share price closed with a drop of 0.88% in today’s trade.

DHFL’s issue encompasses Rs 2,000 crore, with an option to hold oversubscription up to Rs 8,000 crore aggregating up to a shelf limit of up to Rs 10,000 crore. Bidding for the issue opened today and will close on September 12. Net proceeds of the issue will be utilized for funding loan growth.

This was the second NCD issue by the company. The mortgage lender’s first issue was opened earlier this month. That issue was subscribed nearly 19 times on its first day with an overall subscription of about Rs 19,000 crore. DHFL’s first NCD issue comprised Rs 1,000 crore with a choice to hold oversubscription of up to Rs 3,000 crore, aggregating a shelf limit of Rs 4,000 crore. Meanwhile, DHFL share price closed at Rs. 280.40.

The follow-on secured NCD issue has 7-year tenure with the yearly frequency of interest payment. The interest rate on proposed NCDs varies between 9.05 per cent and 9.25 per cent. Retail individual investors and High Net Worth Individuals (HNIs) have a combined allotment ratio of 60 per cent. Edelweiss Financial Services, A K Capital Services, ICICI Bank, SBI Capital Markets, Trust Investment Advisors, Yes Securities, Axis Bank, IndusInd Bank and IIFL Holdings are the lead managers to the issue.

DHFL is in the top 500 performing shares list of Dynamic Levels. The closest support level for the stock is Rs. 277.85. For more details on the support and resistance levels, visit DHFL share price forecast page of Dynamic Levels website.

JBM Auto Witnesses 20% Topline Growth in FY17

The Executive Director, JBM Group, Nishant Arya, is very positive on the 20 percent topline growth at approximately Rs 1800 crore in FY17 for JBM Auto. The growth would come on the basis of plant additions that have commenced operating to full capacity now. For the last financial year the topline growth is observed at Rs 1500 crore.  Arya is also confident about maintaining margins around 12-13 percent or upping them marginally in FY17. The company has started manufacturing buses and is noting good demand for them going forward. The bus division will willfully start contributing to the topline this financial onwards, Arya mentioned. The company recently got engaged into a joint venture (JV) with Polish firm Solaris to produce electric and hybrid buses. The JV named JBM Solaris will invest Rs 300 crore towards electric mobility in India and will develop India’s first 100 percent electric bus ECOLIFE. By FY18, Arya expects the bus division to contribute approximately Rs 400 crore to the total revenues.

JBM Auto share price is at present trading at Rs. 193.85, up by approximately 3%. The lower price band of the share is Rs.170.10 and the upper price band is Rs.20790. The 52 week high of JBM Auto share price is observed at Rs. 234.20 on 10^th DEC ‘15 while the 52 week low is seen at Rs. 103.10 on12th Feb ’16.

The Average Daily Movement of JBM Auto share price is 7.93 and its average volume for last 20 days is 266308. The stock yields 27.83% monthly returns and has the PE ratio of 14.47. The market cap of the company amounts to Rs. 771.03 (Cr) and has a book value of Rs. 84.24. JBM Auto  is among the top 500 shares recommended by Dynamic Levels for this quarter out of the 1700 shares listed on NSE. In order to acquire further details on the support and resistance refer to JBM Auto share price history.

DCW Share Price Gathers Pace; Up 4%

DCW share price picks up pace and on 29^th August the stock increased sharply by 4% and is quoting at Rs. 30.80. It opened at Rs. 29.80 against its previous closing seen at Rs. 29.65. The scrip touched the day’s high and low at Rs. 31.90 and Rs. 29.45 respectively.

Previously known as Dhrangadhra Chemical Works Limited, DCW controlled by the renowned Sahu Jain family, was established in January 1939 to take over India’s first Soda Ash factory in Dhrangadhra, Gujarat. The company has two manufacturing units one at  Dhrangadhra, Gujarat which produces Soda Ash, Sodium Bicarbonate & Ammonium Bicarbonate. The other one is at Sahupuram, Tamil Nadu, it produces Caustic Soda, Liquid Chlorine, Hydrochloric Acid, Beneficiated ilmenite,  Trichloroethylene,  Yellow Iron Oxide, Ferric Chloride,  Utox & PVC.

DCW one of the top 500 stocks analyzed by Dynamic Levels for this quarter among 1700 stocks listed on NSE. The company is known to have strong fundamentals, it has not incurred any losses in last two quarters, debt equity is less than 2, and pledge is less than 25%. Hence, this stock is safe for investment. DCW share price also experienced the spurts in its traded volume on certain days last week. The spurt was over 3.3 1times on 22^nd August, over 2.14 times on 24^th August and has been over 1.47 times today as the trade opened. So far, the traded volume has been 18,00,575 on the NSE window with a traded value of Rs. 559.08 lacs.

The stock touched its one year high at Rs. 34.40 on 4^th July ’16 while its 52 week value is seen at Rs.17.90 on 8^th Sept ’15. The company has a market cap amounting to Rs. 655.23 (Cr) with a book value of Rs. 25.09.

In order to know more about the stock, take a look at the DCW share price history.