20 Microns, GHCL Textiles, CSL Finance, Banco Products and MMP Industries, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

20 Microns consolidated net profit rises 19.79% in the June 2024 quarter

Buzzing Stocks Today, Stocks that will see action today: July 19, 2024 - HAL, Dr Reddy’s Lab, Tata Tech, Eicher Motors, Coromandel Intl, Zydus Life, GPT Infraprojects, Dhunseri Tea, 20 Microns, Dee Development

Stocks that will see action today: 19 July 2024

20 Microns announced that its subsidiary, 20 Microns SDN BHD, Malaysia has signed the share purchase agreements for acquisition of 100% equity shares of Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD for an aggregate value not exceeding RM 15,100,000 (Malaysian Ringgit Fifteen Million One Hundred Thousand only) (Approx. Rs 27 crore).

Corporate

20 Microns announces acquisition of two limestone quarrying entities in Malaysia

20 Microns Consolidated June 2023 Net Sales at Rs 190.56 crore, up 2.5% Y-o-Y

20 Microns Standalone March 2023 Net Sales at Rs 150.52 crore, up 4.07% Y-o-Y

20 Microns Consolidated March 2023 Net Sales at Rs 173.28 crore, up 0.51% Y-o-Y

20 Microns consolidated net profit declines 36.60% in the December 2022 quarter

20 Microns Standalone September 2022 Net Sales at Rs 159.21 crore, up 15.95% Y-o-Y

20 Microns consolidated net profit rises 81.78% in the September 2022 quarter

20 Microns standalone net profit rises 78.23% in the June 2022 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

20 Microns Limited is engaged in the production and trading of industrial minerals.

20 Microns Ltd