Indraprastha Med, BSL Ltd, S P Apparels, Century Enka and Gravita India, hit their fresh 52-week highs at 10:19AM.

Stock market update: Stocks that hit 52-week highs on NSE

Given the focus on a circular economy, relatively better margins compared to peers and high RoE, the brokerage raises its valuation multiple to 30 times (earlier 21x) on FY26E EPS.

Gravita India Q1 Results Review - Better-Than-Expected Earnings; Capex Plan On Track: ICICI Securities

Gravita India, EMS, TBZ, Sonam Clock and Indian Hume Pipe, hit their fresh 52-week highs during the day.

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

Kaveri Seed Company Ltd, Borosil Renewables Ltd, Team Lease Services Ltd and Easy Trip Planners Ltd are among the other gainers in the BSE’s ‘A’ group today, 23 July 2024.

Gravita India Ltd leads gainers in ‘A’ group

Gravita India jumped 7.70% to Rs 1,434 after the company’s consolidated net profit jumped 29.28% to Rs 67.33 crore on 29.07% growth in revenue from operations stood to Rs 907.86 crore in Q1 FY25 over Q1 FY24.

Gravita India surges after PAT climbs 29% YoY in Q1 FY25

Shares of Gravita India soared up to 10.18 per cent, at Rs 1,467.15 per share on the BSE in Monday’s intraday deals.

Gravita India shares climb up to 10% after strong growth in June quarter

Rashtriya Chemicals & Fertilizers Ltd, Gravita India Ltd, Chemplast Sanmar Ltd and Anant Raj Ltd are among the other gainers in the BSE’s ‘A’ group today, 22 July 2024.

National Fertilizer Ltd leads gainers in ‘A’ group

Earnings

Gravita India consolidated net profit rises 29.28% in the June 2024 quarter

The Ebitda margin expanded to 9.7% from 8.3% in the same period the previous year.

Gravita India Q1 Results: Net Profit Rises Nearly 30%, Operating Income Jumps 50%

Corporate

Gravita India announces closure of its step-down subsidiary in Costa Rica

The stock has zoomed 72 per cent from its June 04 low; Company’s management has shared an ambitious growth plan - ‘Vision 2028’.

Gravita India soars 15% amid heavy volumes on healthy outlook

The creamy layer - amongst the top performing stocks

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

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Gravita India Limited is engaged in manufacturing of lead. The Company's segments include manufacturing, turnkey projects and trading.

Gravita India Ltd