Buzzing stocks of Canara Bank, SBI, IDFC First Bank, IDFC, Tata Steel, RVNL, Lupin, Bajaj Hindusthan, BHEL, DIC India, Ganesh Housing, Vascon Engineers, Esab India, WS Industries, and RPP Infra

Stocks that will see action on March 24, 2023

With a market valuation of ₹6,317.06 Cr, Esab India Ltd. is a mid-size business that operates in the capital goods industry.

Debt free company declares ₹28 per share dividend, net profit up 91% in Q3

Esab India rose 3.72% to Rs 4028.30 after the company’s net profit rose 91.4% to Rs 36.31 crore on 18% increase in revenue from operations to Rs 267.39 crore in Q3 December 2022 over Q3 December 2021.

Esab India climbs after Q3 PAT soars 91% YoY

Esab India standalone net profit rises 91.41% in the December 2022 quarter

Mahindra CIE Automotive Ltd, Home First Finance Company India Ltd, Lloyds Steels Industries Ltd and Esab India Ltd are among the other gainers in the BSE’s ‘A’ group today, 25 January 2023.

Sharda Cropchem Ltd leads gainers in ‘A’ group

Privi Speciality Chemicals Ltd, Mahindra Logistics Ltd, Shriram Transport Finance Company Ltd and General Insurance Corporation of India are among the other losers in the BSE’s ‘A’ group today, 01 December 2022.

Esab India Ltd leads losers in ‘A’ group

Sun Pharma Advanced Research Company Ltd, Esab India Ltd, Rites Ltd and Poly Medicure Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 September 2022.

Century Enka Ltd leads gainers in ‘A’ group

GMM Pfaudler Ltd, Kalpataru Power Transmission Ltd, Surya Roshni Ltd and Esab India Ltd are among the other gainers in the BSE’s ‘A’ group today, 06 September 2022.

Shree Renuka Sugars Ltd leads gainers in ‘A’ group

Esab India Ltd, Canara Bank, NCL Industries Ltd and Triveni Turbine Ltd are among the other gainers in the BSE’s ‘A’ group today, 29 October 2021.

Ujjivan Financial Services Ltd leads gainers in ‘A’ group

Esab India standalone net profit rises 33.75% in the September 2021 quarter

Stocks In the News: Check out the companies making the biggest headlines before the opening bell.

Buzzing Stocks: Zee Entertainment Enterprises, Ami Organics, Esab India, And Other Stocks In News Today

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more 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

ESAB INDIA LIMITED is engaged in the business of welding consumables, such as welding electrodes, copper-coated wires, flux-cored wires and welding fluxes, and of welding equipment, such as welding machines and cutting equipment.

ESAB India Ltd