Sharda Motor Industries consolidated net profit rises 39.13% in the June 2024 quarter

IIFL likes Timken India Ltd and Ingersoll-Rand India Ltd among industrial equipment makers. It prefers Action Construction Equipment Ltd, Shriram Pistons & Rings Ltd and Sharda Motor Industries Ltd among auto component makers.

31 promising midcap, smallcap stock ideas from manufacturing sector

Sharda Motor hit a new high of Rs 2,618.80, surging 19% on the NSE in intra-day trade; has zoomed 31% in 4 days after promoter sold nearly 9% stake in the auto ancillary company via open market.

This stock has rallied 31% in 4 days on fund buying; up 237% in 1 year

Sharda Motor Consolidated June 2023 Net Sales at Rs 654.10 crore, up 4.19% Y-o-Y

Sharda Motor Standalone March 2023 Net Sales at Rs 688.16 crore, up 11.38% Y-o-Y

Buzzing stocks: Hindustan Zinc, Tata Power, Indian Oil Corporation, Lyka Labs, Lupin, J Kumar Infraprojects, Pidilite Industries, HG Infra, BL Kashyap, Compucom Software, Sharda Motor

Stocks that will see action on March 22, 2023

Sharda Motor Industries consolidated net profit rises 18.65% in the December 2022 quarter

A bottom-up opportunity best played by using market volatility; the stock currently trades at ₹882

Why should you accumulate shares of Sharda Motor

Sharda Motor Industries Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 2595.57 Crore) operating in Auto Ancillaries sector.

Buy Sharda Motor Industries, target price Rs 990: HDFC Securities

As of 10:09 AM, the S&P BSE Auto index was the top sectoral gainer up 1.1 per cent as compared to 0.31 per cent decline in the S&P BSE Sensex

Auto shares in focus; Motherson Sumi, Varroc, Sharda Motor rally up to 10%

Technocraft Industries (India) Ltd, Sharda Motor Industries Ltd, Parsvnath Developers Ltd and 3i Infotech Ltd are among the other gainers in the BSE’s ‘B’ group today, 10 November 2021.

Williamson Magor & Company Ltd leads gainers in ‘B’ group

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

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

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sharda Motor Industries Limited is engaged in the business of manufacturing and assembling of auto components and white goods components.