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With this recent announcement, the unexecuted order book for Man Industries now stands at approximately Rs 1,500 crore, which is to be executed in six to eight months. The stock rose about 4 per cent after the company disclosed the contract. The market cap of the company is Rs 548 crore as of last trade on BSE.

“Currently our CAG ratio is 11.6 and with the internal accruals for FY23, our capital is sufficient to take care of our growth requirement but because of the uncertainties outside, it is also important for us to build a buffer on the capital side. So, whenever there would be an opportunity, we would definitely raise capital in the current financial year.”

As investors, we need to ask ourselves how many times we resort to resulting — thinking that we are smart investors just because we made money.

“A large portion of the jump in the margin that we saw in Q4 also came from the price increases that we saw in September and in January and that positive effect still continues. Margin will also rise if the commodity prices soften a little bit. We have not seen much evidence of that.”

The 30-share pack Sensex was down 84.88 points or 0.15 per cent to close at 56,975.99. Its broader peer NSE Nifty also fell 33.40 points or 0.20 per cent but settled below the 17,100 mark.

There is no theoretical definition for penny stocks. However, stocks in single-digit prices or below Rs 10 are bracketed in this club. ETMarkets has considered companies that had a market capitalisation of less than Rs 1,000 crore as at March 31, 2022.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said since Akshay Tritiya was in May last year, MCX gold price has risen more than 7 per cent and the gains were supported by inflation concerns and geopolitical tensions. The upside, however, has been challenged by the US Fed’s monetary tightening expectations, he said.

The current market price of Shriram Transport Finance Company is Rs 1,229. Time period given by analyst is year when Shriram Transport Finance Company price can reach defined target.

A total of 6,118 shares changed hands on the counter till 12:58PM (IST).

The brokerage retained its Buy rating on SCUF and raise our March 23 TP to Rs 2,700 from Rs 2,670, taking into account the revised growth outlook for the standalone business and SHFL.