Sterling Tools Posts Healthy Q1, PAT Jumps 36%, Positive Outlook for FY24

Sterling Tools Standalone March 2023 Net Sales at Rs 155.10 crore, up 12% Y-o-Y

EV penetration in 2W and 3W is expected to increase at a fast rate over the next few years which augurs well for the company’s growth.

Sterling Tools hits 5-year high, surges 10% on strong business outlook

The revenue growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increase in select OEM’s.

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month

Aveer Foods Ltd, Hisar Metal Industries Ltd, Nureca Ltd and Sterling Tools Ltd are among the other gainers in the BSE’s ‘B’ group today, 20 January 2023.

Agri-Tech (India) Ltd leads gainers in ‘B’ group

Generic Engineering Construction & Projects Ltd, RPP Infra Projects Ltd, Indiabulls Enterprises Ltd and Sterling Tools Ltd are among the other gainers in the BSE’s ‘B’ group today, 11 January 2023.

Onelife Capital Advisors Ltd leads gainers in ‘B’ group

Mangalam Seeds Ltd, Bharat Gears Ltd, Lambodhara Textiles Ltd and Sterling Tools Ltd are among the other gainers in the BSE’s ‘B’ group today, 09 January 2023.

BCL Industries Ltd leads gainers in ‘B’ group

Sterling Tools said that the credit rating agency ICRA has reaffirmed the long-term as well as the short-term credit rating of the company.

ICRA reaffirms ratings of Sterling Tools

Sterling Tools - Steady State Base Business, Ramping Up EV Play: ICICI Direct

With this development, SGEM expands its presence in various E-mobility segments. Beginning with a single Electric 2W customer a year ago, the company now has confirmed orders from over ten customers.

Sterling Tools’ step-down subsidiary forays into E-LCV Business; stock climbs ~2%

Buzzing stocks: Cipla, Bank of Baroda, Manappuram Fin, Star Health, Paras Defence, Nova Iron, Brigade Enterprises, Sterling Tools, Indian Card Clothing, Sakthi Sugars, Intellect Design and Gillanders Arbuthnot

Stocks that will see action today (June 28)

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

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Red flags

Sterling Tools limited is engaged in manufacturing and marketing of high tensile cold forged fasteners. The Company's product range encompasses a range of standard, chassis, engine and special fasteners.