SWELECT Energy Systems Ltd, formerly Numeric Power Systems, engaged in production of solar photo-voltaic module has launched its solar module manufacturing unit in Tamil Nadu, the company said on Friday.

SWELECT Energy launches solar module manufacturing unit in Tamil Nadu

Ester Industries Ltd, Swelect Energy Systems Ltd, Zenith Steel Pipes & Industries Ltd and N K Industries Ltd are among the other losers in the BSE’s ‘B’ group today, 15 February 2023.

ANG Lifesciences India Ltd leads losers in ‘B’ group

Swelect Energy Systems consolidated net profit rises 13.03% in the September 2022 quarter

Indo Borax Chem, Swelect Energy, Shigan Quantum Technologies Ltd., Madras Fert and Shree Ram Proteins, hit their fresh 52-week highs during the day.

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

Buzzing stocks: Ruchi Soya, Aurobindo Pharma, Tata Power, PowerGrid, Sudarshan Chemical, Megasoft, M&M Financial, Swelect Energy, Zensar Tech, Mafatlal, Kilpest, Anjani Portland

Stocks that will see action today

Shares of sugar and textile companies were in huge demand amid positive outlooks for the sector.

Biggest gainers & losers of the day: Sugar stocks in sweet spot; Swelect Energy tanks 9%

Essar Shipping Ltd, Oriental Trimex Ltd, Swelect Energy Systems Ltd and Bal Pharma Ltd are among the other losers in the BSE’s ‘B’ group today, 04 January 2022.

MSP Steel & Power Ltd leads losers in ‘B’ group

ARSS Infra, Alpa Labs, Swelect Energy, Shree Rama Multi and Sangam(India), hit their fresh 52-week highs at 10:29AM.

Stock market update: Stocks that hit 52-week highs on NSE

Vivo Collaboration Solutions Ltd., BGR Energy, Alpa Labs, MSP Steel and Swelect Energy, hit their fresh 52-week highs during the day.

Varun Beverages: The company has incorporated a new company ‘Varun Beverages RDC SAS’ in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages.

Stocks to Watch: Varun Beverages, BPCL, Swelect Energy Systems

The long-term ratings have been downgraded to ICRA BBB+ (Stable) and short-term ratings to ICRA A2.

ICRA downgrades credit ratings to LOC of Swelect Energy Systems; Stock dips 1%

Hasn't faired 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 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

Swelect Energy Systems Limited is engaged in the business of manufacturing and trading of solar power projects and wind power generation, contract manufacturing services, installation and maintenance services, sale of solar photovoltaic inverters.