Fri, Feb 9, 2024 2:24 PM
Veejay Lakshmi Consolidated December 2023 Net Sales at Rs 21.29 crore
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Suprajit Engineering Ltd (SEL) shares gained up to 4.6% on Wednesday, November 27, after the company announced signing an agreement with leading Japanese transmission cable maker Chuo Spring. Suprajit Engineering, in a filing to the stock exchanges, said that it has entered into a Memorandum of Understanding (MoU) and a Technical Assistance (TA) agreement with the Japanese firm Chuo Spring.
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Reported Standalone quarterly numbers for Garg Furnace are: Net Sales at Rs 62.16 crore in September 2024 up 3.84% from Rs. 59.86 crore in September 2023. Quarterly Net Profit at Rs. 0.74 crore in September 2024 up 43.51% from Rs. 0.51 crore in September 2023. EBITDA stands at Rs. 1.18 crore in September 2024 up 24.21% from Rs. 0.95 crore in September 2023.
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Sanjeev Prasad, Managing Director of Kotak Institutional Equities, warns that Indian market valuations are misleading, with headline numbers hiding sector and stock disparities. While the Nifty's 21x forward earnings seems reasonable, 50% of net profits come from low-PE sectors, and other sectors and stocks are trading at inflated levels.
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