Skip to main content

Kirloskar Ferrous Industries hardens on market buzz

Kirloskar Ferrous Industries soared 7.56% to Rs 72.55 at 13:28 IST on market buzz the company has been allotted iron ore mines in Karnataka.

The BSE Sensex was up 76.29 points, or 0.41%, to 19166.47.

On BSE, 40.85 lakh shares of the scrip were traded. The stock had an average daily volume of 8.81 lakh shares on BSE in past one quarter.

The scrip had touched a high of Rs 76.95 and a low of Rs 68.55 so far during the day. The stock had hit a 52-week high of Rs 73.80 on 14 December 2007 and a 52-week low of Rs 29 on 7 March 2007.

The scrip had outperformed the market in the one month to 19 December 2007, adding 15.79% as against the Sensex's 0.98% decline. It had also outperformed the market in the past three months, soaring 54.35% against the Sensex's 16.79% rise.

The small-cap metal firm has an equity capital of Rs 68.50 crore. Face value per share is Rs 5.

At the current price of Rs 72.55, the scrip trades at a PE multiple of 27.90, based on Q2 September 2007 annualised EPS of Rs 2.60.

The company is planning to expand its pig iron capacity from 2.4 lakh tonnes per annum (tpa) to 4.25 lakh tpa and castings of 84,000 tonnes to 1.30 lakh tonnes. It is investing around Rs 300 crore towards this effort.

According to reports, promoters are also looking at increasing their stake in the company by making a preferential offer of equity.

Kirloskar Ferrous Industries' net profit rose 27.3% to Rs 8.91 crore on 42.8% rise in sales to Rs 169.51 crore in Q2 September 2007 over Q2 September 2006.

Kirloskar Ferrous Industries' principal activity is to manufacture and supply iron castings

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..

ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/ Kwadrat/
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…