Buzzing stocks of IOC, Bharti Airtel, LIC Housing, Bank of Baroda, Jindal Steel & Power, Chemplast Sanmar, Eiko Life, CreditAccess, Granules India, Paris Defence, HDFC, SAT Industries, Jupiter Wagons, Rajoo Engineers, HDFC, Vedanta

Stocks to watch on May 16, 2023

Rajoo Engineers standalone net profit declines 30.75% in the September 2022 quarter

Rajoo Engineers standalone net profit rises 111.94% in the March 2022 quarter

Company currently operating on 70% utilisation – reflection of growing confidence and increasing demand.

Rajoo Engineers Q2 revenue surges to Rs37cr led by increased demand

Rajoo Engineers standalone net profit rises 41.95% in the September 2021 quarter

Profit after Tax was Rs1.06cr in Q1 FY22 compared to Rs1.39cr in Q1 FY21.

Rajoo Engineers Q1 revenue surges to Rs33cr led by increasing demand from Flexible Packaging

Rajoo Engineers standalone net profit declines 23.74% in the June 2021 quarter

Rajoo Engineers Q4 revenue increases at Rs56cr; Stock gains 2%

Rajoo Engineers standalone net profit rises 2292.86% in the March 2021 quarter

Rajoo Engineers Standalone December 2020 Net Sales At Rs 42.16 Crore, Up 57.18% Y-o-Y

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

The company is engaged in the business of plastic processing machineries and post extrusion equipment. It manufactures extrusion and post extrusion machines for producing films, sheets, and various thermoformed and vacuum formed products.