3 High-Yield Dividend Stocks Near 52-Week Lows: Buy the Dip?

High Dividend Yield Stocks Near 52-Week Lows

High dividend-yield stocks provide investors with a steady income by distributing a significant portion of earnings as dividends. When these stocks trade near their 52-week lows, it can signal potential buying opportunities. Notable examples include Indian Oil Corporation Limited, Coal India Limited, and Chennai Petroleum Corporation Limited, which are currently offering attractive yields despite their recent price declines and trading near a 52-week low. 

High Dividend Yield Stocks Near 52-Week Lows

1. Indian Oil Corporation Limited

With a market capitalization of Rs. 1,72,279.11 crores, the shares of Indian Oil Corporation Limited were closed at Rs. 122 per equity share, down nearly around 4.67 percent from its previous day’s close price of Rs. 130.35. The company is currently trading 0.61 percent above its 52-week low of Rs. 121.25. 

Indian Oil Corporation Limited is paid a dividend yield of 8.98 percent. The company ROE and ROCE should be 9.67 percent and 9.23 percent, respectively. 

Indian Oil Corporation Limited’s revenue has decreased from Rs. 179,246 crore in Q2 FY24 to Rs. 174,976 crore in Q2 FY25, which is down by 2.38 percent. The net profit of Indian Oil Corporation Limited has turned negative, from Rs. 13,713 crore in Q2 FY24 to Rs. -449 crore in Q2 FY25. 

Indian Oil Corporation Limited (IOCL) was established in 1964 and headquartered in New Delhi. The company is India’s largest integrated oil and gas company and operates across the entire hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, while also investing in renewable energy solutions. 

2. Coal India Limited

With a market capitalization of Rs. 2,23,614.60 crores, the shares of Coal India Limited closed at Rs. 362.85 per equity share, down nearly around 1.56 percent from its previous day’s close price of Rs. 368.60. The company is currently trading at 0.42 percent above its 52-week low of Rs. 361.30. 

Coal India Limited is paid a dividend yield of 6.92 percent. The company ROE and ROCE should be 37.49 percent and 41.78 percent, respectively. 

Coal India Limited’s revenue has decreased from Rs. 32,776 crore in Q2 FY24 to Rs. 30,673 crore in Q2 FY25, which is down by 6.42 percent. The net profit of Coal India Limited has grown by 22.04 percent from Rs. 8,049 crore in Q2 FY24 to Rs. 6,275 crore in Q2 FY25. 

Coal India Limited (CIL) was founded in 1975 and headquartered in Kolkata. The company is the world’s largest coal producer. Operating across eight Indian states, it manages 322 mines and contributes approximately 85% of India’s total coal output, ensuring energy security.

3. Chennai Petroleum Corporation Limited

With a market capitalization of Rs. 8,576.55 crores, the shares of Chennai Petroleum Corporation Limited closed at Rs. 575.95 per equity share, down nearly around 4.31 percent from its previous day’s close price of Rs. 601.90. The company is currently trading at 2.29 percent above its 52-week low of Rs. 563.05. 

Chennai Petroleum Corporation Limited is paid a dividend yield of 9.14 percent. The company ROE and ROCE should be 9.28 percent and 8.38 percent, respectively. 

Chennai Petroleum Corporation Limited’s revenue has decreased from Rs. 16,545 crore in Q2 FY24 to Rs. 12,087 crore in Q2 FY25, which is down by 26.94 percent. The net profit of Chennai Petroleum Corporation Limited has turned negative, from Rs. 1,191 crore in Q2 FY24 to Rs. -629 crore in Q2 FY25. 

Chennai Petroleum Corporation Limited (CPCL) was established in 1965 and is headquartered in Chennai, India. The company is a leading oil refining company. Originally known as Madras Refineries Limited, it operates the Manali Refinery with a capacity of 10.5 MMTPA, producing various petroleum products. 

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on the website are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. The author is not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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SRF Limited: Chemical Stock with ₹1000 Cr+ CAPEX Plan - Market Leader Analysis

SRF Limited: A Market Leader in Chemicals with Significant CAPEX Plans

During Monday’s trading session, the shares of a chemical-based multi-business entity engaged in the manufacturing of industrial and specialty intermediates slumped by around 0.2 percent to Rs. 2,597.35 on BSE.

With a market cap of Rs. 74,728.7 crores, the shares of SRF Limited were opened in the red at Rs. 2,565.6, down by around 1.4 percent, as compared to its previous closing price of Rs. 2,602.95.

Market Leader

In the Technical Textiles business, the company is a domestic market leader in Tyre Cord manufacturing and Belting Fabrics. It holds nearly 40 percent share in India’s Nylon Tyre Cord market and is the 5th largest global player in this industry.

Additionally, SRF Limited is the second-largest manufacturer of Conveyor Belting Fabrics worldwide.

The company maintains its leadership in the Coated Fabrics segment within the domestic market, excelling in both volume and pricing. Its strategy focuses on sustaining profitability by boosting domestic volumes, prioritizing value-added products (VAPs), and new product offerings.

Capex

In Q2 FY25, the company’s Board approved a project to establish production facilities for fourth-generation refrigerants, which have a notably lower Global Warming Potential (GWP) and carbon footprint, at an estimated cost of Rs. 1,100 crores. The project is anticipated to be completed in about 30 months.

The Board has also approved a project to set up a manufacturing facility for the BOPP-BOPE film line in Indore, India. This project allows the company to expand its current existing BOPP substrate capacity while entering the new BOPE substrate market.

Additionally, the project aligns with the company’s sustainability agenda, as polyolefin substrates like BOPP/BOPE are considered more sustainable due to their mono-family composition and ease of recyclability. The project is estimated to cost Rs. 445 crore and is expected to become operational within approximately 25 months.

Financials

SRF Limited reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 7.8 percent, rising from Rs. 3,177.4 crores in Q2 FY24 to Rs. 3,424.3 crores in Q2 FY25.

However, during the same period, the company’s net profit decreased from Rs. 300.8 crores to Rs. 201.4 crores, representing a decline of around 33 percent YoY.

EBITDA for Q2 FY25 decreased by about 12 percent YoY to Rs. 594 crores, down from Rs. 674.4 crores in Q2 FY24, while the EBITDA margins fell to 17.3 percent, from 21.2 percent, over the same period.

Segmental Performance in Q2 FY25

Chemicals Business

reported a decrease of 5% YoY in its segment revenue to Rs. 1,358 crore, while the operating profit fell by 29% YoY to Rs. 246 crore in Q2 FY25.

Specialty Chemicals

While there was traction for certain new products, the volumes of key products declined due to inventory challenges faced by customers.

Fluorochemicals

The domestic market performed well, supported by increased volumes. However, reduced export realizations exerted pressure on margins. Looking ahead, this segment is expected to perform better in the second half of FY25 as export volumes increase and the domestic season kicks in.

Packaging Films Business

reported a 27% YoY growth in revenue, reaching Rs. 1,421 crore, and operating profit rose 7% YoY to Rs. 83 crore in Q2 FY25.

BOPET Films

Margins improved moderately in India, boosting overall results, although Thailand continued to face challenges due to Chinese dumping.

BOPP Films

The performance remained in line with expectations.

Technical Textiles Business

reported a 6% YoY increase in revenue to Rs. 536 crore. However, operating profit declined 5% YoY to Rs. 71 crore in Q2 FY25.

Nylon Tyre Cord Fabric

Sales volumes improved, contributing positively to the segment’s performance.

Polyester Yarn

Witnessed strong demand, while the Belting Fabrics segment experienced weaker demand and lower margins, impacting overall performance.

Other Businesses

revenue declined 11% YoY to Rs. 113 crore, while operating profit dropped 48% YoY to Rs. 17 crore in Q2 FY25.

During the quarter, both the Coated and Laminated Fabrics segments performed in line with the expectations.

Management Outlook

The management expects a turnaround starting in Q3 FY25, with further improvements and a stronger performance anticipated in Q4 FY25.

Agrochemicals Segment: A gradual recovery in demand is expected in the second half of FY25, supported by a robust order book. Growth will also be driven by the launch of new pharma intermediates and the scaling up of recently commissioned facilities.

Specialty Chemicals: The outlook remains positive, fueled by traction in new products and strategic partnerships with key customers.

Challenges

The company continues to face challenges, including ongoing price erosion in legacy products, which is putting pressure on margins.

High inventory levels at customers’ end, driven by demand contraction and competition from lower-priced Chinese imports, are also affecting performance. Additionally, cheaper agrochemicals from China is creating significant pricing pressures on certain products.

While finance costs have increased compared to the previous year, a reduction in borrowing costs is anticipated due to favourable global interest rate trends.

Stock Performance

The stock has delivered positive returns of nearly 13.6 percent in one year, as well as around 8.7 percent returns in the last six months. Likewise, the shares of SRF Limited have given positive returns of about 11.2 percent in the last one month.

About the Company

SRF Limited is primarily engaged in the business of manufacturing, purchasing and sale of technical textiles, chemicals, packaging films and other polymers. Its diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles and coated and laminated fabrics.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. The author is not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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FII & FPI Sector Bets Before Budget: Tech, Healthcare & Real Estate Lead

FII and FPI Sector Investments Before Budget

Foreign institutional investors often increase their positions in specific sectors before the budget, anticipating policy changes and reforms. This pre-budget buying pattern can signal potential growth areas and regulatory shifts, offering retail investors valuable insights into sectors likely to benefit from upcoming fiscal measures. Understanding these patterns helps make informed investment decisions.

Sectors Experiencing FPI Inflows and Outflows

1. Technology and Healthcare Leads

Information technology emerges as the frontrunner in foreign institutional investments, attracting a substantial inflow of Rs. 9,050 crores in December. Meanwhile, the healthcare sector demonstrates remarkable resilience, with investments totalling Rs. 3,767 crores. Moreover, this combined strength in the tech and healthcare sectors signals growing investor confidence in India’s knowledge-based industries.

2. Real Estate and Consumer Services

Subsequently, the real estate sector shows impressive gains with investments of Rs. 4,778 crores, reflecting robust market sentiment. Furthermore, consumer services attract significant foreign capital, securing Rs. 3,220 crores in investments. these figures indicate growing faith in India’s urbanisation story and rising consumer spending power.

3. Financial Services

Despite market fluctuations, financial services maintain positive momentum with net investments of Rs. 3,086 crores. However, the sector witnessed contrasting patterns, with strong inflows in early December followed by significant outflows of Rs. 4,338 crore in the second half. Nevertheless, the overall positive figure suggests underlying confidence in India’s financial sector.

4. Traditional Industries Face Headwinds

Notably, the automobile and auto component sector experiences significant outflows, losing Rs. 4,371 crores in investments. Additionally, the construction sector manages to attract Rs. 1,408 crores, though at a moderate pace. Therefore, this mixed performance highlights the ongoing transformation in industrial preferences.

5. Energy Sector Witnesses Major Realignment

Interestingly, the oil, gas, and consumable fuels sector faces the largest outflow of Rs. 10,826 crores. In contrast, the power sector sees relatively smaller outflows of Rs. 1,862 crores. Consequently, this trend might reflect global shifts toward sustainable energy alternatives.

6. Sectors That Shown The Most Resilience

The telecommunications sector maintains stability with modest inflows of Rs. 372 crore. Similarly, metals and mining attract Rs. 971 crores, while textiles secure Rs. 888 crores in investments. Therefore, these sectors demonstrate steady growth despite global economic uncertainties.

The grand total shows significant activity, with initial net investments of Rs. 22,746 crores in early December, followed by a net outflow of Rs. 7,320 crores in the latter half. Nevertheless, this movement indicates active portfolio rebalancing rather than negative sentiment.

Conclusion

The global economic landscape in 2023 was characterised by several interrelated factors affecting investment flows in India. The strong performance of the US economy resulted in elevated interest rates and higher bond yields, making US investments more appealing compared to emerging markets like India.

This situation was compounded by the perception that Indian equities were overvalued relative to other emerging markets, which led to hesitancy among foreign investors. Adding to these challenges were domestic concerns, including sluggish GDP growth, persistently high inflation rates, and uncertainty around interest rate policies, all of which contributed to weakened investor confidence.

While certain sectors experienced positive inflows during December, others, such as oil and gas, faced considerable outflows throughout the year, further reinforcing the overall negative sentiment towards Indian equities.

Looking ahead, these investment patterns might influence budget expectations and sector-specific policy initiatives. Moreover, the strong showing in technology and healthcare could encourage further governmental support for these sectors. Finally, the challenges faced by traditional industries might prompt new support measures in the upcoming budget.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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Navratna Stock IREDA Jumps 6% on ₹4500 Cr QIP Fundraise Plan

Navratna Stock Soars on QIP Announcement

A Navratna company, focused on financing renewable energy projects and energy efficiency in India, has seen its stock price increase by 5.52 percent. This surge follows the management’s announcement of a plan to raise Rs. 4500 crore through a Qualified Institutional Placement (QIP) in Q4 FY25.

Stock Price Movement

During Monday’s trading, the shares of Indian Renewable Energy Development Agency Limited climbed to an intraday high of 5.52 percent from its previous close of Rs. 201.20. The stock opened at Rs. 199.60 and is currently trading at Rs. 200.30, after reaching a high of Rs. 212.30 and a low of Rs. 196.40. The company's market capitalization is now approximately Rs. 53,782.17 crore.

What Happened

Indian Renewable Energy Development Agency (IREDA) intends to raise Rs 4,500 crore through a Qualified Institutional Placement (QIP) between January and March 2025.

The government is expected to dilute up to 7% of its 75% ownership in the company. The capital raised will be used to strengthen IREDA’s financial position, allowing it to fund more renewable energy initiatives and contribute to India’s shift towards cleaner energy.

Lending Portfolio

As of December 31, 2024, the company has reported strong growth in both loan approvals and disbursements, with Rs. 13,227 crore in approvals and Rs. 7,449 crore disbursed. This reflects an increase from the preceding quarter.

The total outstanding loans have reached Rs. 68,960 crores, with 76% allocated to the private sector and 24% to the public sector. The renewable energy sector, specifically solar and wind power, makes up a substantial part of the loan portfolio at Rs. 17,787 crores and Rs. 10,747 crores, respectively.

Recent Quarter Results and Ratios

Indian Renewable Energy Development Agency Limited’s revenue has increased from Rs. 1,253 crore in Q3 FY24 to Rs. 1,698 crore in Q3 FY25, a 35.51 percent increase. Net profits have also grown by 26.49 percent, from Rs. 336 crore in Q3 FY24 to Rs. 425 crore in Q3 FY25.

The company's revenue and net profits have grown at a Compound Annual Growth Rate of 19.71 percent and 38.02 percent respectively over the past five years.

The company's Return on Capital Employed (ROCE) and Return on Equity (ROE) are estimated to be 9.30 percent and 17.3 percent, respectively. The debt-to-equity ratio is expected to be 5.85x and the Earnings Per Share (EPS) is estimated at Rs. 5.71.

Shareholding Pattern

As of September 2024, the promoter group held a majority stake of 75% in Indian Renewable Energy Development Agency Limited. Foreign institutional investors held 2.02%, domestic institutional investors held 0.35%, and the public held 22.62% of the company's shares.

Company Overview

Indian Renewable Energy Development Agency Limited (IREDA), a public sector enterprise established in 1987, focuses on financing renewable energy projects and energy efficiency. Operating under the Ministry of New and Renewable Energy, IREDA holds Navratna status. This gives it greater operational autonomy.

IREDA offers various financial instruments, including project loans and refinancing, to support renewable energy projects throughout India. The company became public in November 2023 via an IPO, increasing its footprint in the renewable energy market.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies are their own and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must exercise due caution while investing or trading in stocks. The author is not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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Reliance Q3 Results: 9 Key Stocks to Watch Next Week

Q3 Earnings Preview: Key Companies Announcing Results Next Week

Investors are keenly awaiting the release of third-quarter earnings reports next week. Analysts are diligently examining companies' financial performance, with a focus on sales, profits, and strategic initiatives, to gauge potential market reactions. These results are expected to have a significant impact on market sentiment and guide future investment strategies.

Companies Announcing Quarterly Results Next Week

Here are 9 companies scheduled to release their quarterly results next week:

1. Angel One Limited

Established in 1996, Angel One Limited, formerly Angel Broking, is a prominent independent retail broking firm in India. Based in Mumbai, it provides services for stock, currency, and commodity broking, along with investment advisory and portfolio management. The company caters to over 13.8 million clients through its digital platforms.

With a market capitalization of Rs. 22,986.87 crores, Angel One's shares closed at Rs. 2,547, a decrease of approximately 3.01 percent from the previous day. The company will announce its results on January 13, 2025.

2. HCL Technologies Limited

HCL Technologies Limited, founded in 1991 and located in Noida, India, is a global IT services provider. The company specializes in software development, engineering services, and IT consulting, serving clients across various industries in over 60 countries.

With a market capitalization of Rs. 5,41,701.83 crores, HCL Technologies' shares closed at Rs. 1996.20, an increase of around 3.16 percent from the previous day. The company is set to announce its results on January 13, 2025.

3. HDFC Asset Management Company Limited

HDFC Asset Management Company Limited, established in 1999 and based in Mumbai, India, is a leading mutual fund manager. It provides asset management for HDFC Mutual Fund and offers a range of investment products, including portfolio management and advisory services.

With a market capitalization of Rs. 82,418.19 crores, HDFC Asset Management's shares closed at Rs. 3855.70, a drop of roughly 2.38 percent from the previous day. The company will announce its results on January 14, 2025.

4. Sterling and Wilson Renewable Energy Limited

Founded in 2017 and based in Mumbai, Sterling and Wilson Renewable Energy Limited specializes in solar engineering, procurement, and construction (EPC) services. The company operates globally, focusing on large-scale solar projects and advancing renewable energy solutions.

With a market capitalization of Rs. 10,440.70 crores, Sterling and Wilson Renewable Energy's shares closed at Rs. 447.15, a rise of nearly 1.91 percent from the previous day. The company is scheduled to announce its results on January 16, 2025.

5. Reliance Industries Limited

Reliance Industries Limited, founded in 1960 by Dhirubhai Ambani, is a major Indian multinational conglomerate headquartered in Mumbai. It operates across various sectors, including energy, petrochemicals, textiles, retail, and telecommunications. The company is India's largest private sector firm in terms of revenue and market capitalization.

With a market capitalization of Rs. 16,81,194.35 crores, Reliance Industries' shares closed at Rs. 1242.35, down by approximately 1.01 percent from the previous day. The company will announce its results on January 16, 2025.

6. Infosys Limited

Infosys Limited, established in 1981 and headquartered in Bengaluru, India, is a leading multinational technology company. It specializes in IT consulting, software development, and outsourcing services across various industries, with a global presence in over 50 countries.

With a market capitalization of Rs. 8,16,626.78 crores, Infosys' shares closed at Rs. 1966.70, an increase of about 2.55 percent from the previous day. The company is set to announce its results on January 16, 2025.

7. Axis Bank Limited

Axis Bank Limited, founded in 1993 and located in Mumbai, India, is a leading private sector bank. It provides diverse financial services, including retail and corporate banking, across a broad network.

With a market capitalization of Rs. 3,22,154.51 crores, Axis Bank's shares closed at Rs. 1040.80, a decrease of around 1.95 percent from the previous day. The company will announce its results on January 16, 2025.

8. Tech Mahindra Limited

Tech Mahindra Limited, founded in 1986 and headquartered in Pune, India, is a multinational provider of IT services and solutions. It focuses on digital transformation, consulting, and business process outsourcing for clients across various sectors globally.

With a market capitalization of Rs. 1,66,687.44 crores, Tech Mahindra's shares closed at Rs. 1703, an increase of about 3.63 percent from the previous day. The company will announce its results on January 17, 2025.

9. Wipro Limited

Wipro Limited, founded in 1945 and based in Bengaluru, India, is a major multinational technology company. It offers IT services, consulting, and business process outsourcing across various industries globally.

With a market capitalization of Rs. 3,14,705.19 crores, Wipro's shares closed at Rs. 300.60, an increase of about 2.89 percent from the previous day. The company is scheduled to announce its results on January 17, 2025.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

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Top Investors Buy: Dolly Khanna, Vijay Kedia & Mukul Agrawal Increase Stakes in These 4 Stocks

Ace Investors Increase Stakes in Key Stocks

Dolly Khanna, Vijay Kishanlal Kedia, and Mukul Agrawal have been increasing their stakes in several companies. Khanna has shown interest in Indian Metals and Ferro Alloys and Prakash Industries Limited, while Kedia and Agrawal are focusing on Elecon Engineering Company Limited and Hind Rectifiers Limited.

Stocks with Increased Stakes by Dolly Khanna

1. Indian Metals and Ferro Alloys Limited

With a market capitalization of Rs. 4,683.22 crores, Indian Metals and Ferro Alloys Limited’s share price closed at Rs. 868 per share, down by 3.36 percent from its previous close of Rs. 898.15.

As of December 2024, Dolly Khanna has made a fresh stake of 1.16 percent in the company, which had a holding value of Rs. 56.1 crore with ownership of 6,23,464 shares.

Indian Metals and Ferro Alloys Limited’s revenue has increased from Rs. 693 crore in Q2 FY24 to Rs. 692 crore in Q2 FY25, which has grown by 0.14 percent. The net profit of Indian Metals and Ferro Alloys Limited has increased by 40.44 percent from Rs. 89 crore in Q2 FY24 to Rs. 125 crore in Q2 FY25.

Indian Metals and Ferro Alloys Limited (IMFA) was established in 1961 and is based in Odisha, India. It is the largest producer of ferro chrome in India, with a capacity of 190 MVA. IMFA also engages in power generation and mining activities.

2. Prakash Industries Limited

With a market capitalization of Rs. 2,699.66 crores, Prakash Industries Limited’s share price closed at Rs. 150.75 per share, down by 3.12 percent from its previous close of Rs. 155.60.

As of December 2024, Mukul Agrawal has increased his stake by 0.1 percent, bringing his total to 1.3 percent, up from 1.2 percent in September 2024.

Prakash Industries Limited’s revenue has increased from Rs. 889 crore in Q2 FY24 to Rs. 1,077 crore in Q2 FY25, which has grown by 21.15 percent. The net profit of Prakash Industries Limited has increased by 1.12 percent from Rs. 89 crore in Q2 FY24 to Rs. 90 crore in Q2 FY25.

Prakash Industries Limited was established in 1980 and is based in New Delhi, India. The company specializes in manufacturing steel products and generating power. Its operations include sponge iron production, steel melting, and mining, serving various industrial sectors.

Stock with Increased Stakes by Vijay Kishanlal Kedia

3. Elecon Engineering Company Limited

With a market capitalization of Rs. 13,451.65 crores, Elecon Engineering Company Limited’s share price closed at Rs. 599.45 per share, down by 0.94 percent from its previous close of Rs. 605.15.

As of December 2024, Vijay Kishanlal Kedia has increased his stake by 0.9 percent, bringing his total to 2.2 percent, up from 1.3 percent in September 2024.

Elecon Engineering Company Limited’s revenue has increased from Rs. 889 crore in Q2 FY24 to Rs. 1,077 crore in Q2 FY25, which has grown by 21.15 percent. The net profit of Elecon Engineering Company Limited has increased by 1.12 percent from Rs. 89 crore in Q2 FY24 to Rs. 90 crore in Q2 FY25.

Elecon Engineering Company Limited was founded in 1951 and is based in Anand, Gujarat. It specializes in manufacturing material handling equipment and industrial gear. The company serves sectors like power, steel, and mining, offering solutions for efficient material movement and processing.

Stock with Increased Stakes by Mukul Agrawal

4. Hind Rectifiers Limited

With a market capitalization of Rs. 2,174.43 crores, Hind Rectifiers Limited’s share price closed at Rs. 1266.95 per share, down by 2.98 percent from its previous close of Rs. 1305.90.

As of December 2024, Mukul Agrawal has increased his stake by 0.1 percent, bringing his total to 1.5 percent, up from 1.4 percent in September 2024.

Hind Rectifiers Limited’s revenue has increased from Rs. 132 crore in Q2 FY24 to Rs. 166 crore in Q2 FY25, which has grown by 25.76 percent. The net profit of Hind Rectifiers Limited has increased by 150 percent from Rs. 4 crore in Q2 FY24 to Rs. 10 crore in Q2 FY25.

Hind Rectifiers Limited was established in 1958 and is based in Mumbai, India. The company specializes in manufacturing power semiconductor devices and electronic equipment for sectors like railways, aviation, and telecommunications. Their products include rectifiers, transformers, and propulsion systems.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The information provided here is for informational purposes only and should not be considered financial advice.

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