#4QWithCNBCTV18 | #KirloskarFerrous reports a strong set of #Q4 earnings. MD, RV Gumaste tells @ekta_batra & @blitzkreigm that the co’s #debt is around Rs 800 cr & will hover around these levels given their capex plans.

#kirloskarferrousindustries #Q4FY23results #Q4FY23earnings #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday   

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Kirloskar Ferrous Industries' RV Gumaste On Good Q4 Results & FY24 Outlook | Halftime Report

Kirloskar Ferrous Industries allots 24,261 equity shares under ESOS

In an exclusive conversation with CNBC-TV18,  R. V. Gumaste, Managing Director, Kirloskar Ferrous Industries, speaks on the firm's FY24 business outlook and demand check. Listen in.

#kirloskarferrousindustries #FY24outlook #demandcheck #cnbctv18 #businessnews  #businessnewstoday #businessnewsinenglish #sharemarkettoday  


About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. 

You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM

Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/

Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/

You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/

n18oc_business

Kirloskar Ferrous Industries' R. V. Gumaste Exclusive On The Firm's FY24 Outlook & Demand Check

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Kirloskar Ferrous Industries jumped 3.19% to Rs 398.95 after company on Monday announced that the operations of second Coke Oven Plant has been commissioned on 6 February 2023.

Kirloskar Ferrous Inds gains on commissioning 2nd Coke Oven Plant in Karnataka

Bharti Airtel, CAMS, Hero MotoCorp, Adani Ports, Adani Green Energy, Ambuja Cements, NDTV, Tata Steel, UltraTech Cement, Dhampur Sugar, Kirloskar Ferrous, Aditya Birla Fashion and Retail, Barbeque Nation, Bayer Cropscience, Bharat Dynamatics, Mrs Bectors Foods, IRB InvIT, ITDC, JM FInancial, Kalyan…

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With a market valuation of ₹5,072.04 Cr, Kirloskar Ferrous Industries Ltd. is a mid-size business that operates in the metals and mining sector.

ICICI Securities see a strong upside in 3 months of holding for this metal stock

“We like to play metal converters like Ratnamani Steel or Kirloskar Ferrous. They take iron and steel as the input and convert it into something very value-added which could be a hollow pipe or seamless tubes which are used for high-end application. We do not like the pure play metal stocks but are …

Recession may hit in second half of 2023 & IT stocks can bottom out then: Digant Haria

Usha Martin has witnessed a breakout of a symmetrical triangle formation on the daily chart with huge volume. It is trading in a new blue sky zone, and its structure is very impressive, as it is trading above all its important moving averages.

Hot Stocks | Bet on Kirloskar Ferrous, Usha Martin, RCF for over 20% return in short term. Here’s why

Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to Rs 69,43,63,470 comprising of 13,88,72,694 equity shares of Rs 5 each.

Kirloskar Ferrous Industries allots 45,850 equity shares under ESOS

RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside.

Hot Stocks | FACT, RCF, Kirloskar Ferrous Industries can deliver 19-31% return in short term, here’s why

Price return has been average, nothing exciting

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

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

The company is a manufacturer of pig iron and grey iron castings. The Company supplies castintgs to foundries that cater to the auto, engines and compressors, textile, pumps, pipes and fittings and fans, among others.