VISAKA INDUSTRIES SHARE
Smallcap rally steady despite high valuations as 52 stocks gain in double digits
As elevated valuations cap the upside in the broader market, smallcap rally was subdued but steady with 52 stocks gaining in double digits during the week. Mid and smallcaps had witnessed strong rallies over the past few months thus making valuations a little stretched.
Telangana polls: Congress' G Vivek richest among candidates with over Rs 600 cr worth assets
Chennur Congress candidate G Vivekananda is the richest politician contesting in the November 30 assembly polls with declared assets worth over Rs 600 crore, followed by P Srinivas Reddy from the same party with over Rs 460 crore. On the day of filing nomination papers, November 9, the Income Tax Department conducted searches at Srinivas Reddy's residences and offices here and in Khammam.
TCS among 4 stocks that turned ex-dividend today
Shares of Tata Consultancy Services (TCS), Visaka Industries, DCB Bank, and DJ Mediaprint have turned ex-dividend. TCS, which announced a dividend of Rs 24 per share, has fixed June 15 as the record date. In the last 12 months, TCS has paid a dividend of Rs 91 per share with a dividend yield of 2.8%. While Motilal Oswal has a buy tag on TCS stock, most analysts are cautious on the IT sector in the near term. TCS stock closed flat at Rs 3,245 apiece on NSE.
Varun Beverages, Britannia among 6 stocks to trade ex-dividend this week
With a market cap of Rs 5,158 crore, Edelweiss Financial Services is an investment and financial services company based in Mumbai. The company will pay an interim dividend of Rs 0.25 per equity share on Thursday. Shares of Edelweiss Financial Services rose 1.2% to Rs 54.7 apiece in Friday's trade on BSE.
This smallcap has risen 160% in 3 years; announces interim dividend
Visaka Industries has declared an interim dividend of Rs 7 per equity share for the financial year 2022-23. The company's record date for determining the eligibility of shareholders for said dividend payment has been set on April 12. The company's stock has gone up by 160% in the last three years and had a 1.35% increase on April 2 to a closing price of Rs 342 per share.
This smallcap cement stock climbs 5% after board approves stock split
In Q3FY23, Visaka Industries reported an 86% decline in its net profit to Rs 3.71 crore as against Rs 24.03 crore during the previous quarter ended in December 2021. Its sales stood at Rs 354.76 crore in the quarter that ended December 2022 as against Rs 353.82 crore during the previous quarter that ended December 2021
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Stock market update: Stocks that hit 52-week highs on NSE in today's trade
Uniphos Enter, Chaman Lal Setia, Mold Tek Tech, Cadila Healthcare and M&M Financial, hit their fresh 52-week highs during the day.
Stocks in the news: Airtel, Dabur, City Union Bank, Jubilant Ingrevia and Shyam Metalics
Telecom operator, Bharti Airtel, has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount.
Stocks in the news: Airtel, HDFC Bank, ABB, Power Grid, Coal India and Nalco
Coal India, Pidilite, Hindalco, Eicher Motors, Tata Consumer Products, IRCTC, Abbott India, Patanjali Foods, Max Healthcare, SAIL, Zydus Lifesciences, NHPC and Cummins are among the companies that will announce their earnings for the quarter ended June 2022.
Corporate Radar: Dividend; Q4 results, bonus, stock splits and more
Visaka Industries, Ashirwad Steels & Industries and CIL Securities will have their annual general meetings while Jagsonpal Pharmaceuticals and Syschem (India) will have their EGMs today.Avantel will go ex-bonus today in the ratio of 3:1. The board of Sheela Foam will consider an ESOP.
This smallcap stock in bear grip could reverse trend, over 40% upside seen
The BP division manufactures asbestos-cement (AC) products and fibre-cement flat products (V-boards and panels). It generally brings around 82 per cent to the company’s revenue.
Corporate Radar: ITC to go ex-dividend; Hindalco, ZEEL Q4 results & more
At least two stocks will go ex-dividend today. That includes ITC, which had announced a final dividend of Rs 6.25 per share recently. Visaka Industries, which announced a final dividend of Rs 8 per share, will also go ex-dividend today.
Visaka Industries JMD on plans to grow by 12-15% in FY23
"For any business to remain sustainable, a brand needs to stay ahead of market trends. In a pandemic-stricken world, we’ve seen prices of basic commodities go up relentlessly. Ours being a primarily construction business, we’ve seen raw material prices, labour costs, service costs skyrocket with no end in sight. Consequently, we too have decided to increase our prices in Q1.."
Weekly Top Picks: Stocks which scored 10 on 10
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks.
Stocks in the news: Adani Ports, HCL Tech, NTPC, Rainbow Children's, PVR and IDBI Bank
Adani Ports, PNB, Petronet LNG, Relaxo Footwears, Indian Bank, SKF India, BSE, Balaji Amines, Lakshmi Machine Works, Birla Corporation and Kalyan Jewellers are among the companies which will announce their earnings today.
Buy Visaka Industries, target price Rs 850: Anand Rathi
Visaka Industries Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 959.60 Crore) operating in Building Materials sector.
Buy Visaka Industries, target price Rs 617: ICICI Securities
Visaka Industries Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 565.65 Crore) operating in Building Materials sector.
Buy Visaka Industries, target price Rs 552: ICICI Securities
Visaka Industries Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 500.25 Crore) operating in Building Materials sector.
Buy Visaka Industries, target price Rs 512: ICICI Securities
Visaka Industries Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 518.35 Crore) operating in Building Materials sector.
Buy Visaka Industries, target price Rs 455: ICICI Securities
FY21E is likely to be one of the most profitable fiscals for Visaka Industries (VSKI) in the last decade despite the ongoing pandemic.
Reverse migration likely to be a boon for cement roofing companies
With demand traction, the roofing companies have started operating at full capacities.
Share market update: Cement stocks mixed; BigBloc Construction plunges 9%
The NSE Nifty50 index was trading 58.10 points up at 10,913.60.
Share market update: Cement stocks under pressure; Shiva Cement plunges 11%
On the other hand, Indiabulls Housing Finance (down 8.03 per cent), Grasim Industries (down 6.25 per cent), Bharti Infratel (down 4.76 per cent) and Bajaj Auto (down 4.68 per cent) were trading in the red.
Share market update: Cement stocks mixed; Shiva Cement slumps 6%
The NSE Nifty50 index was trading 37.90 points up at 11,290.05.
Share market update: Cement stocks under pressure; Visaka Industries falls over 6%
The NSE Nifty50 index was trading 123.70 points down at 11,473.20.
Share market update: Cement stocks mixed; Burnpur Cement climbs 4%
The NSE Nifty50 index was trading 35.05 points up at 11,617.95.
Share market update: Cement stocks surge; Visaka Ind, Indian Hume Pipe among top gainers
The NSE Nifty50 index was trading 119.50 points up at 10,668.65 while the 30-share BSE Sensex was up 383.89 points at 35,533.9 at 12:05 pm.
Multibagger! This smallcap rose 250% in 2017, is already rallying in 2018 too
The company has been paying dividends consistently for the last 28 years.
Drop and run! 30 stocks with big gains in H1 may run out of steam
Over 30 midcap and smallcap stocks from across the sectors more than doubled investor wealth.
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