Khaitan(India), Refex Industries, Tapi Fruit Processing Ltd., Magnum Ventures and Honda Siel Power, hit their fresh 52-week highs at 11:05AM.

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

Subsequent to cessation of JV with Usha International, Honda Siel applied for the corporate name change which was recently certified by RoC

Honda Siel Power Products changes name to Honda India Power Products

Power products manufacturer Honda Siel Power Products announced the change of its name to Honda India Power Products

Honda Siel Power Products will now be called Honda India Power Products

Strides Pharma Science, Tourism Finance Corporation, IIFL Securities, IFCI, Honda Siel Power Products and Narayana Hrudayalaya are also in focus today.

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The company’s manufacturing facilities remained shut from March 23, 2020, due to lockdown and partially reopened from May 12, 2020, which has impacted the operations during that period.

Honda Siel Power Products stock up ~1% after revealing capability to absorb financial losses

The joint venture agreement dated October 25, 1997, entered between Honda Motor Co. Ltd., Japan, and Usha International Limited to create and operate Honda Siel Power Products Ltd (HSSP) as a joint venture has been terminated pursuant to a termination agreement executed on March 31, 2020, HSSP said in a regulatory filing. 

Honda, Usha International terminate power products joint venture

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 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

Honda Siel Power Products Limited is engaged in manufacturing and marketing the portable gensets, water pumps, general-purpose engines, lawn mowers, brush cutters and tillers. The Company caters to both domestic and international markets.