Styrenix Performance Materials Ltd, SEPC Ltd, Winpro Industries Ltd and ISMT Ltd are among the other losers in the BSE’s ‘B’ group today, 24 March 2023.

Cyber Media (India) Ltd leads losers in ‘B’ group

Aveer Foods Ltd, Bliss GVS Pharma Ltd, ISMT Ltd and Radhika Jeweltech Ltd are among the other gainers in the BSE’s ‘B’ group today, 25 January 2023.

MRO-TEK Realty Ltd leads gainers in ‘B’ group

ISMT Consolidated September 2022 Net Sales at Rs 709.10 crore, up 25.05% Y-o-Y

Buzzing stocks: Coal India, BPCL, Paytm, Policybazzaar, IDBI First Bank, Bank of India, Affle, Divi’s Lab, NIIT, RVNL, Dr Reddy’s Lab, ISMT, Kirloskar Ferrous, Triveni Engineering, Mangalore Chem, Alphalogic, Take Solutions, Escorts, Greaves Cotton, Ujjivan SFB, India Cements, TTML

Stocks that will see action on November 7, 2022

ISMT reports consolidated net profit of Rs 30.30 crore in the September 2022 quarter

ISMT reports consolidated net profit of Rs 2546.22 crore in the March 2022 quarter

ISMT Consolidated March 2022 Net Sales at Rs 580.51 crore, up 26.47% Y-o-Y

Buzzing stocks: Paytm, Ruchi Soya, HDFC, HDFC Bank, Nazara Tech, Welspun India, ISMT, United Spirits, Tech Mahindra, Indian Bank

Stocks that will see action today (March 14)

Kirloskar Ferrous Industries surged 5.34% to Rs 197.35 after the company announced completing the acquisition of a majority stake in Indian Seamless Metal Tubes (ISMT) for Rs 476.63 crore.

Kirloskar Ferrous completes acquisition of ISMT

The proceeds will be used towards a one-time settlement of ISMT’s loans of about Rs 3,359 crore

Kirloskar Ferrous takes over Indian Seamless for Rs 670 cr

Kirloskar Ferrous Industries zoomed 7.01% to Rs 199.85 after the Competition Commission of India (CCI) approved the company’s proposed acquisition of a majority stake in ISMT.

Kirloskar Ferrous spurts on CCI nod for acquiring majority stake in ISMT

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

ISMT Limited is engaged in the manufacturing of specialty alloy and bearing Steel. The Company manufactures seamless tubes and engineering steels.

ISMT Ltd