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Stocks that will see action today: July 17, 2023

Indag Rubber Standalone December 2022 Net Sales at Rs 60.45 crore, up 31.6% Y-o-Y

Indag Rubber standalone net profit rises 84.86% in the December 2022 quarter

Indag Rubber Standalone September 2022 Net Sales at Rs 63.26 crore, up 39.13% Y-o-Y

Indag Rubber standalone net profit rises 85.87% in the September 2022 quarter

With a market valuation of ₹181 crore, Indag Rubber Ltd. is a small-cap company which operates in the rubber industry.

This stock nears 16% to 52-week-low ahead of the dividend payout

Indag Rubber consolidated net profit declines 62.03% in the March 2022 quarter

The Company has earlier announced about the leasing of MRO Facility at Bhiwadi to Elcom Systems Pvt. Limited to be constructed in two phases.

Indag Rubber updates on commencement of lease agreement for MRO Facility at Bhiwadi

The company’s board declared an interim dividend of Rs0.9 per equity share (Face Value of Rs2).

Indag Rubber Q2 PAT declines at Rs0.3cr, revenue marginally decreases at Rs46.2cr

Indag Rubber Consolidated September 2021 Net Sales At Rs 45.47 Crore, Down 2.78% Y-o-Y

Indag Rubber consolidated net profit declines 89.64% in the September 2021 quarter

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

Average profitability - not good, not bad

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

Indag Rubber Limited is a tread manufacturing company engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.

Indag Rubber Ltd