Grand Foundry reports standalone net loss of Rs 0.05 crore in the March 2021 quarter

Texmo Pipes & Products Ltd, Wendt India Ltd, Grand Foundry Ltd and Swelect Energy Systems Ltd are among the other losers in the BSEs B group today, 07 January 2021.

Bharat Wire Ropes Ltd leads losers in ‘B’ group

Grand Foundry reports standalone net loss of Rs 0.05 crore in the September 2020 quarter

Grand Foundry has allotted two crore shares (Minal Jangla: 1.80 crore shares and Kiran Jangla: 20 lakh shares) to its promoters, aggregating to ₹8 crore, on a preferential basis upon conversion of uns

Grand Foundry allots shares to promoters

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Grand Foundry Limited is engaged in the manufacturing of bright steel bars.