Posts

Showing posts from 2017

Dynamic Cables becomes 212th Company to get listed on BSE SME Platform

Image
The script surges 20 % post the listing
Mumbai, December 14, 2017: Jaipur based Dynamic Cables Limited, India’s leading manufacturer of Cables and Conductors,became 212th SME Company to get listed on BSE SME Platform. The script made a strong debut and surged 20 percent, post the listing. Stock opened at Rs 48 against the IPO price of Rs 40 a share.
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
Commenting of the mementos occasion Mr. Ashish Mangal, Managing Director, Dynamic Cables Ltd said” “Getting a company listed is a significant milestone for an entrepreneur and entrepreneurial journey. We at Dynamic Cables are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began a humble journey 30 years ago by taking up manufacturing of conductors in 1986. Today we are happy to see Dynamic Cables has grown to become one of the leading player in th…

Share India Securities reports strong half-yearly results

Image
Net Profit at Rs 6.48 crore
Total Revenue at Rs 58.25 crore Share India Securities Ltd, a leading knowledge and technology driven stock broker based in Delhi,has reported strong financial performance in the six months period ended 30 September 2017. The Company’s net profit for the first half of FY18 stood at Rs. 6.48 crore and total revenue stood at Rs 58.25 crore. The Company had reported Net Profit of Rs 8.08 crore and total revenue of Rs 110.14 crore in the last fiscal ending March 31, 2017. During the current financial year in the first half Share India significantly improved its EBITDA and NET Profit margins which stood at 27.06% and 16.23% respectively.  In the last fiscal the company had posted 16.23% EBITDA and 11.25%Net Profit margins.

Financial Highlights

H1FY18- 6 months ending 30 Sept 2017 (in Lakh) FY2017 – 12 months ending 31 March 2017 (In Lakh) Total Revenue 58,25,52,499.99 110,14,10,068.1 PAT 6,48,53,082 8,08,51,201.24 PBIT 9,45,72,570 12,39,57,418

RKEC Projects H1FY18 Net Profit rises 400% to Rs 10.77 cr

Image
Total Revenue up 151% to Rs 122.88 cr
BOD declares 10% interim dividend to the existing shareholders of the company
RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, has announced its financial results for the first half of FY2018.
The Company’s net profit for the first half of FY18 rose 400% to Rs. 10.77 crore compared to Rs 2.68 crore posted in H1 of FY 17.
The Company’s total revenue grew by 151% to Rs. 122.88 crore for the first half year ended September 30, 2017 compared to Rs. 81.54 crore posted in H1 of FY 17.
The EBITDA for the 1st Half  of FY18 stood at Rs 19.82 Cr compared to Rs 4.68 Cr for the H1 of FY 2017 showing a sequential growth of 423%.  The EBITDA margin for First Half of FY 2018 stood at 16.12 % and the Net Profit margin was 8.76% compared to 5.75% EBITDA Margin and 3.29%. Net profit Margin of First Half of FY 2017.
Commenting of the financial performance Mr Radhakrishna Garapati, Chairman and Managing Director, RKEC Projects Limited…

Share India Securities Script included in the BSE Group 1

Image
The script is one of the only four SME stocks, out of 209, to be included in this group.
Mumbai, November 7, 2017.  The script of Share India Securities Ltd, a leading knowledge and technology driven stock broker, has been included in the BSE Group -1 securities by Bombay Stock Exchange as per SEBI guidelines.  The script will now be able to avail margin funding facility at eligible broker terminals.
Share India Securities Script (BSE code 540725), which was listed on BSE SME platform on 5th of October 2017, has touched an all-time high of Rs 64.80 as against the IPO price of Rs 41.
“Margin is essentially an additional fund that you take to get more leverage in your investments. Share trading on margin allows you to purchase a greater number of securities than you would have been able to purchase with cash only, thereby giving you more exposure to the market and offering the possibility of greater returns. We are happy that Share India Securities Ltd.'s script is part of BSE Group 1 …

Share India recommends BUY Trident Ltd for a target of Rs 150

Share India Securities Ltd, a leading knowledge and technology driven stock broker,recommends buying Trident Ltd shares for a target of Rs 150 in the next 1 year.
 Share India says “Trident reported its Q2 FY18 results which were in line with our expectations given GST teething problems and implementation issues for the same. The revenue was flat y-o-y at INR 11,549mn (vs. 11,600mn in Q2) – without any excise duty effect. On a segment basis the revenue for both Textile and Paper business was flat. PAT was however, below our expectations with reported figure at INR 493.9mn (vs. our expectation of INR 756mn). The drop in PAT was mostly due to higher COGS which led to lower gross margin.
The textile business which has significant geographic dispersion was majorly impacted with segment profit dropping approximately 40% y-o-y for Q2 FY18. Trident also saw considerable increase in trade receivable (up 20% 6M FY18) and drop in inventories (down 30% 6M FY18).
We attribute increase in raw mater…

Share India recommends BUY Rama Steel and Tubes Ltd for a target of Rs 240

Share India Securities Ltd, a leading knowledge and technology driven stock broker, recommends buying Rama Steel and Tubes Ltd, for a target of Rs 240 in the next 3-6 months. Rama Steel in its JV – Pir Panchal Construction Pvt Ltd. (PPCPL) – wherein it holds 25% stake – has won orders worth INR 2,880mn for supply and erection of transmission lines for rural electrification. The order has been awarded by Uttarakhand Power Corporation Ltd. and Himachal Pradesh Electricity Board. Orders are stated to be executed in next 24 months. Share India expect better results from the company in future and FY18E/19E EPS of INR 9.5 and INR 12 respectively. Share India recommends a BUY on the stock with a price target of INR 240 (20x FY19E EPS). The stock is a candidate for re-rating as higher demand leads to better revenue and per unit realization. About Share India Securities Ltd Share India Securities Ltd, engaged in the business of equity broking, investing and trading activities for the last 24 y…

DP Abhushan shares list at 20% premium

Image
The shares of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, listed at a price of Rs 33.60 per equity share, a premium of 20%. The Company IPO, which opened for bidding on NSE Emerge Platform on October 9, 2017, subscribed over 40 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose. DP Abhushan SME public issue comprises of 59, 32,000Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs.
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakhs, Rs. 48822.43 Lakhs and Rs. 45989.44 Lakh…

Indian Economy to regain its course to grow at 7-8% in Samvat 2074, Says Share India

According to Share India Securities Ltd, a leading stock broker, Indian Economy is all set to regain its course to grow at 7-8% in Samvat 2074.
“Samvat 2073 has been a great year for Indian markets. Rarely has any single year been so eventful – beginning with demonetization – which forced nation into queues, elections in Uttar Pradesh – which strengthened political capital of Prime Minister NarendraModi, rollout of GST – a landmark tax reform and Nifty in 5 digits – keeping pace with record highs” said Mr Abhinav Gupta, Vice President, Share India Securities Ltd
However, what sets this year apart is rally in wider markets - Nifty Small Cap index rallied ~21.5% higher than returns generated by Nifty Midacap and Nifty 50; continuous domestic flows in face of FII’s selling – YTD average of Equity inflows of INR 225bn, led by channeling of financial savings post demonetization, improvement in macro fundamentals– lower twin deficit of fiscal and trade numbers.
We believe that best is yet to c…

DP Abhushan IPO subscribes over 39 times on final day

Image
The Public Issue of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, received a stellar response from the investor on the final day. The issue which opened for bidding on NSE Exchange Platform on Oct 9, 2017, subscribed over 39.86 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. The issue will close today. (11th Oct. 2017.) Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose.

DP Abhushan SME public issue comprises of 59, 32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs.

The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.

For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakh…

DP Abhushan public offer opens on NSE Emerge

Image
Price Fixed at Rs 28 per equity share
October 9, 2017:   The Public Issue of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, opened today for bidding on NSE Exchange Platform.  The SME public issue comprises of 59, 32,000Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs. The issue will close on 11th Oct. 2017. The net Offer for Sale for public would be 56,32,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share aggregating to Rs 1576.96 lakhs and the balance 3,00,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share aggregating ` 84.00 lakhs reserved for market makers. 28, 16,000 Equity Shares of ` 10/- each for cash at a price of ` 28/- per share (including a premium of ` 18/- per Equity Share) will be available for allocation for allotment to Retail Individual Investors of up to ` 2.00 Lacs. 28, 16,000 Equity Shares of `…

RKEC Projects share get listed on NSE, stock surges 20% on debut

Image
Spiritual leader Sri Sri Ravi Shankar graces the momentous occasion
Bangalore/Mumbai October 9, 2017: RKEC Projects Limited, a diversified infrastructure company based in Vishakhapatnam, Andhra Pradesh, became 89th SME Company to get listed on NSE Emerge on 9th October 2017. Guest of Honor, Spiritual leader Sri Sri Ravi Shankar ji graced the momentous occasion along with other dignitaries at the listing ceremony held at the Art of Living Yoga Centre in Bengaluru.
RKEC Projects stock made a strong debut listing at a 20% premium. The stock opened at Rs 54 and currently trading at the upper circuit.
RKEC Projects Ltd’s Rs 28.70 cr IPO comprising 63,80,000 equity shares of face value of Rs. 10 each  for cash at a price of Rs. 45 per equity share, received overwhelming response from investors. The issue which opened for bids at NSE SME Emerge platform on September 25, 2017, subscribed 18.23 times on the final day.  The HNI and RII portion subscribed 30.37 and 7.92 times, respectively, as per d…