Current price is less than the intrinsic value

Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

Coastal Corp, Ruby Mills, Coffee Day Ent, Manaksia Steels and Guj Mineral Dev., hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Indo Tech Transformers Ltd, Vaksons Automobiles Ltd, Manaksia Steels Ltd and 20 Microns Ltd are among the other losers in the BSE’s ‘B’ group today, 11 January 2022.

Oriental Trimex Ltd leads losers in ‘B’ group

Nahar Capital, Compuage Infocom, GRP Ltd, Lagnam Spintex and Manaksia Steels, hit their fresh 52-week highs during the day.

Tarsons Products Ltd, Vaksons Automobiles Ltd, Tourism Finance Corporation of India Ltd and Manaksia Steels Ltd are among the other losers in the BSE’s ‘B’ group today, 29 November 2021.

Sarthak Metals Ltd leads losers in ‘B’ group

TCI Finance Ltd, Manaksia Steels Ltd, Vadilal Industries Ltd and Speciality Restaurants Ltd are among the other losers in the BSE’s ‘B’ group today, 25 October 2021.

Ami Organics Ltd leads losers in ‘B’ group

Investor Ekta Halwasiya purchased 3,34,626 equity shares in steel manufacturing company Manaksia Steels at Rs 38.63 per share. Ekta Halwasiya already held 1.5 percent shareholding in the company as of June 2021.

Bulk Deals | Munish Financial Picks 0.7% Stake In Gayatri Projects; Ekta Halwasiya Buys 0.5% Shares In Manaksia Steels

Manaksia Steels Consolidated June 2021 Net Sales At Rs 138.03 Crore, Up 28.2% Y-o-Y

Manaksia Steels consolidated net profit rises 648.32% in the June 2021 quarter

Manaksia Steels Standalone March 2021 Net Sales At Rs 99.27 Crore, Down 4.89% Y-o-Y

Manaksia Steels consolidated net profit rises 19.78% in the March 2021 quarter

Rites, Somany Ceramics, Welspun Enterprises, Nureca, DIC India and Manaksia Steels will announce their March quarter results today.

Manaksia Steels Ltd

Manaksia Steels Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Oriental Trimex Ltd leads losers in ‘B’ group

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Sarthak Metals Ltd leads losers in ‘B’ group

Ami Organics Ltd leads losers in ‘B’ group

Bulk Deals | Munish Financial Picks 0.7% Stake In Gayatri Projects; Ekta Halwasiya Buys 0.5% Shares In Manaksia Steels

Manaksia Steels Consolidated June 2021 Net Sales At Rs 138.03 Crore, Up 28.2% Y-o-Y

Manaksia Steels Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Oriental Trimex Ltd leads losers in ‘B’ group

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Sarthak Metals Ltd leads losers in ‘B’ group

Ami Organics Ltd leads losers in ‘B’ group

Bulk Deals | Munish Financial Picks 0.7% Stake In Gayatri Projects; Ekta Halwasiya Buys 0.5% Shares In Manaksia Steels

Manaksia Steels Consolidated June 2021 Net Sales At Rs 138.03 Crore, Up 28.2% Y-o-Y

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock