YES Securities is bullish on Stove Kraft has recommended buy rating on the stock with a target price of Rs 631 in its research report dated July 31 2023.

Buy Stove Kraft; target of Rs 631: YES Securities

Stove Kraft’s Net Profit for the quarter under review increased by 1.4 percent YoY (year-on-year) to Rs 8.20 crore. Sequentially, this is an improvement as compared to a loss of Rs 6 crore reported in Q4FY23.

Stove Kraft gains 3% on strong earnings for Q1FY24

Stove Kraft Standalone June 2023 Net Sales at Rs 297.75 crore, up 8.25% Y-o-Y

Here are the stocks to watch before going into trade today.

Stocks To Watch: Adani Enterprises, JBM Auto, Rail Vikas Nigam, Patanjali Foods, GMR Power, Stove Kraft

BSE Sensex gained more than 122.75 points, or 0.20 per cent, to settle at 62,969.13. NSE’s Nifty50 gained 35.20 points, 0.19 per cent, to end the session at 18,633.85 for the day.

Sensex rises 123 points to settle near 63,000, Nifty above 18,600; Force Motors surges 20%, Stove Kraft falls 12%

Shares of Stove Kraft Ltd slipped over 12% today after the firm reported a loss of Rs 6 crore for the fourth quarter ended March 2023 against a net profit of Rs 8.65 crore in the corresponding quarter of the previous fiscal. Stove Kraft stock fell 12.22% to Rs 438 against the previous close of Rs 49…

Q4 earnings effect: Stove Kraft shares tank 12%; top losers on BSE

Despite revenue growth of 13 percent in FY23, falling short of the expected 20 percent, the management expects EBITDA margin to recover to 11 percent by the end of H1FY24

Stovekraft shares plunge 11% on weak Q4; management commentary cautious

As long as these products are affordable, more and more of these sections of the population are moving to that affordable class, will want to use these appliances and if they are made more in the country they will have more larger markets for these products, that is what we are witnessing now.

We expect big jump in our exports in next 8-10 quarters: Rajendra Gandhi, Stovekraft

Stove Kraft Ltd, the makers of cookware, kitchen and home appliances, is expecting over 20 per cent growth in sales backed by a steady demand coming in both from new and replacement markets primarily in Tier II and Tier III towns.

Stove Kraft expects over 20% growth in sales backed by steady demand from Tier II, III markets

Stove Kraft Ltd, Saregama India Ltd, Sterling & Wilson Renewable Energy Ltd and Venkys (India) Ltd are among the other gainers in the BSE’s ‘A’ group today, 21 March 2023.

Valiant Organics Ltd leads gainers in ‘A’ group

Stove Kraft fell 4.37% to Rs 356.70, extending recent steep losses.

Stove Kraft tumbles over 15% in 8 days; hits record low

Hasn't fared well - amongst the low performers

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

Stovekraft is an Indian company that manufactures cooking appliances under Pigeon and Gilma brands. Among its cooking appliances are mixer grinders, pressure cookers, cooktops, toasters, chimneys and kitchen utensils

Stove Kraft Ltd