Siyaram Silk Mills Ltd. granted approval for buyback of 16,61,530 shares at ₹650 each, totalling ₹107.99 crore. Share prices rose 1.19% to ₹531.

Siyaram Silk Mills announces buyback plan, shares gain 1.2%

Siyaram Silk Consolidated March 2023 Net Sales at Rs 695.43 crore, up 10.69% Y-o-Y

Siyaram Silk Mills dropped 9% to Rs 491.20 after the company’s net profit fell 24.4% to Rs 51.87 crore on 10.8% decline in net sales to Rs 502.18 crore in Q3 FY23 over Q3 FY22.

Siyaram Silk tumbles after Q3 PAT slides 24% YoY

Adani Total Gas Ltd, Adani Transmission Ltd, Siyaram Silk Mills Ltd and EID Parry (India) Ltd are among the other losers in the BSE’s ‘A’ group today, 30 January 2023.

Adani Green Energy Ltd leads losers in ‘A’ group

Siyaram Silk Consolidated December 2022 Net Sales at Rs 502.18 crore, down 10.83% Y-o-Y

Siyaram Silk Mills consolidated net profit declines 24.44% in the December 2022 quarter

Siyaram Silk Mills surged 5.18% to Rs 566.50 after ace investor Vijay Kedia picked up a stake in fabric and garment manufacturer during the third quarter of FY23.

Siyaram Silk Mills spurts after Vijay Kedia picks stake

Read on to know why the brokerage is betting on these two stocks and what the target price should be:

Siyaram Silk Mills, Goodyear India are HDFC Securities’ top fundamental picks

The Company has witnessed an all-around improvement in its Q2FY23 performance, led by improved operating efficiencies, a better product mix and rationalised marketing initiatives.

Siyaram Silk Mills Ltd reports an all-around solid performance in Q2

Raymond zoomed 3 per cent on Friday to hit an all-time high of Rs 1,329.90, after having gained 7 per cent in the previous session.

Raymond, Siyaram Silk clock stellar run on strong Q2; eye up to 30% upside

The firm added that domestic market demand remains buoyant with increasing traction from the export market as well. Company continues its efforts to increase revenue pie from both of them simultaneously.

Siyaram Silk Mills soars 16% on robust financials reported in Q2

Hasn't fared well - amongst the low performers

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

Siyaram Silk Mills Limited is engaged in textile business whose products include fabrics, yarns, home furnishing products and readymade garments.

Siyaram Silk Mills Ltd