#2QWithCNBCTV18 | Expect annual turnover of Rs 200 cr from the new facility, says B Vijayakumar, CMD, LG Balakrishnan & Bros. He tells Prashant Nair, Sonia Shenoy and Nigel D'Souza that co can do Rs 2,600-2,800 cr of revenue in FY25.

#lgbalakrishnan #Q2FY24results #Q2FY24earnings #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 

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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.

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In the auto ancillaries industry, LG Balakrishnan & Bros Ltd (LGB) is a small-cap company with a market valuation of ₹2,152.73 crore.

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The Financial News section features stock market news in addition to stories about bonds, forex, commodities and economic releases.

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Shares of LG Balakrishnan & Bros will turn ex-bonus on Thursday. The company is rewarding its shareholders with one bonus share for each share held. To become eligible to receive the bonus shares,

LG Balakrishnan: Ex-bonus on Thursday

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 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

L.G. Balakrishnan & Bros Limited is engaged in the business of manufacturing chains, sprockets and metal formed parts for automotive applications. The Company's segments include transmission, metal forming and others.