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Red Herring Prospectus or RHP is a document that contains comprehensive information about a company planning to raise money through public markets.

On the technical charts, the RSI of the stock stood at 37.48.

The stock traded at a P/E multiple of 25.07, while the price-to-book value ratio stood at 4.18.

“In value terms, last quarter, margin was around Rs 4,500 per tonne and our comfortable level is around Rs 5,000 plus. In this quarter, we are expecting it to be more than Rs 5000 as and when value added proportion is increased the product mix or margins will grow further.”

The largest decline in pledged promoter holdings was recorded in the case of Motherson Sumi Wiring, Deepak Fertilisers and GMR Airports.

Suprajit Engineering, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4937.12 Crore) operating in Auto Ancillaries sector.

A short dip from the peak level is witnessed but the overall trend is maintained positive and with the RSI also well placed has shown immense upside potential to carry on with the momentum further.

Recently, the company announced that it won marquee mandates, including Tata Sons, National Skill Development Corporation, Indian Oil, TATA Croma, and Bank of Baroda. The mandate of the National Skill Development Corporation is to transform the brand notion and strengthen the connection with youth.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 10.65 per cent and 7.78 per cent, respectively.

A total of 16,594 shares changed hands on the counter till 01:27PM (IST).