The brokerage expects a revenue/EBITDA/PAT CAGR of 16%/24%/31% over FY22-25. On Tuesday, Venus Pipes shares closed 0.52% higher at Rs 785 on NSE. The shares have given multibagger returns to investors in the last one year period, rising as much as 121%. Hemang Jani at MOFSL believes that there is no sign of significant growth in Nifty, except certain sectors like banking, pharma, and specialty chemicals.
- Market cap or market capitalization is the total market value of all of a company’s outstanding shares.
- On a year-to-date basis, the stock has risen nearly 8%, while it has surged 113% in the last one year.
- Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND.
- Easterly Government Properties, Inc. operates as a real estate investment trust.
Pay 20% or “var + elm” whichever is higher as upfront margin of the transaction value to trade in cash market segment. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. In India, organizations related to the Capital Markets are controlled by a governing body such as SEBI. The Depositories and Stock Exchanges are the two main type of organizations that will help you to do trading. Depositories help with the creation of a Demat Account and Stock Exchanges facilitate the trading of shares. The highest price of Rajath Finance Ltd stock is ₹14.09 in the last 52-week.
Hot Stocks: Brokerages on Venus Pipes, Titan Company, ICICI Bank, SBI and Kotak Bank
“There are strong global headwinds which have impacted the global economy. Even despite all those, India is poised to grow the fastest among all large countries in the world. That was the position six months ago and that will be our assessment even today,” Seth said. Please note that by submitting the above mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND.
Enterprise value includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company’s balance sheet. In Thursday’s trade, the stock was trading 0.6% lower at Rs 1,437 on BSE. On a year-to-date basis, the stock has risen nearly 8%, while it has surged 113% in the last one year. It has also delivered multibagger returns to investors as the stock has risen nearly 500% in the last three years, while over 600% in the last five years.
Easterly Government Properties Tops Q4 EPS by 12c
Please note that by submitting the above-mentioned details, you are authorizing us to Call/SMS you even though you may be registered under DND. Investors may please refer to the Exchange’s Frequently Asked Questions issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. In the main management, is chairman and Dea Nikhil Vachhani is the company secretary for Rajath Finance Ltd. In China, the world’s largest oil importer, daily Covid infections hit a record this week, prompting officials to step up curbs. Crude has declined this month, overturning the gains made in October after the Organization of Petroleum Exporting Countries and allies agreed to reduce production.
- Centrum Broking initiated coverage on Venus Pipes with a target of Rs 764.
- Therefore, investors who believe that an increase in MF exposure in a particular stock can be a positive indicator may find it worthwhile to keep an eye on these 5 stocks.
- Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.
- You’ll find the closing price, open, high, low, change and %change of the %NAME_TRANS% share for the selected range of dates.
The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock.
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“The commercial production of our new colour coating line has commenced this month. We are happy that this high margin value-added product will further help in strengthening the company’s margin on blended Level in medium to long term,” Bansal said. Help our agents identify you so they can offer more personalized support. As on 28th Apr 2023, the P/E ratio for Easterly Government Properties Inc shares is 40.9. Yes, you can buy Easterly Government Properties Inc shares in India by simply opening an account with Scripbox.
The data can be viewed in daily, weekly or monthly time intervals. At the bottom of the table you’ll find the data summary for the selected range of dates. Commenting on the regulation of cryptocurrencies, the secretary said “countries that have banned these digital assets can’t succeed” unless there is a global consensus on their regulation. He said India will soon finalise a consultation paper on cryptocurrencies with inputs from various stakeholders and even multilateral institutions such as the World Bank and the International Monetary Fund .
It is worth noting that these stocks have not experienced significant movement in either direction in CY23 so far. Therefore, investors who believe that an increase in MF exposure in a particular stock can be a positive indicator may find it worthwhile to keep an eye on these 5 stocks. Hariom Pipe Industries is a manufacturer of iron and steel products. The company evolving into an integrated steel manufacturer with a stronghold in the South Indian market. With a diverse product portfolio consisting of Mild Steel Billets, Pipes and Tubes, Hot Rolled Coils and Scaffolding Systems, its products cater to a variety of industrial applications across multiple sectors. Headquartered in Hyderabad, Hariom Pipe is a premium manufacturer of iron and steel products.
Q4 results this week: HDFC, Adani Enterprises, Tata Steel, Titan, Varun Beverages, others
Promoters held 63.9 per cent stake in the company as of 31-Dec-2022, while FIIs owned 26.45 per cent, DIIs 3.39 per cent. To find out which stocks should be on the top of your watchlist, we reached out to various brokerages to curate a list of 24 stocks for FY24. In a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm payment devices like Soundbox and PoS. In just one year, the company has gone to 6.8 million devices deployed from 2.9 million devices a year ago. Centrum Broking initiated coverage on Venus Pipes with a target of Rs 764. Venus Pipes is in process of increasing capacity by 2.8x to 33.6ktpa as well as backward integrating by Q1FY24E, which will aid margin expansion.
And for that whatever steps that were needed from the fiscal side have been taken, and the RBI is also taking certain measures,” Seth said. He was speaking on the sidelines of an event on the Azadi Ka Amrit Mahotsav. While wholesale price inflation hit an over 30-year high of 15.08% in April, retail inflation scaled an 8-year high of 7.79% and breached the upper band of the RBI’s medium-term target for a fourth straight month. We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services.
ICICI https://1investing.in/, SBI, and Navin Fluorine are expected to perform well in the coming days while other heavyweights like Maruti may not do great. Jani suggests Maharashtra Seamless, Jindal Saw, and APL Apollo in the pipe sector to enhance the portfolio. Easterly Government Properties, Inc. operates as a real estate investment trust. Engages in the acquisition, development, and management of commercial properties that are leased to U.S. The company was founded on October 10, 2014 and is headquartered in Washington, DC. Easterly Government Properties Inc is listed on the NASDAQ stock exchange.
At the same time, he underscored the need to firm up a global strategy around cryptocurrencies to effectively regulate them, as they operate in a virtual world. Recently, the RBI flagged risks of a double-digit wholesale price inflation exerting upward pressure on retail inflation, albeit with a time lag. Former chief economic adviser Kaushik Basu recently said CPI inflation may rise further and even breach 9%, chasing the elevated WPI inflation. Investments in securities market are subject to market risk, read all the related documents carefully before investing. The price-cap plan forms part of the response by the EU and the Group of Seven to punish President Vladimir Putin for the invasion of Ukraine by reducing Moscow’s revenue, while at the same time allowing other states to continue imports.
Traders guide: 2 stocks for a positional trade with potential of 6% upmove
Paytm, Nykaa, Zomato and Policybaazar were some of the marquee tech companies that entered the public markets in FY22. Domestic fund house PGIM India Mutual Fund has sold its stake in Sagar Cement, while ICICI Pru Mutual Fund bought shares through a block deal on Tuesday. The highest Easterly Government Properties Inc stock price was $ 19.03 till 28th Apr 2023 within the past 52 weeks. Asked if more measures are being firmed up by the government to curb inflation, the secretary said, given the evolving situation, it’s difficult to predict the steps at this point. “We do expect that inflation should be moderating in the coming months.
supply chain administration governor Shaktikanta Das has also hinted at another repo rate hike in June. On the ex-split date, investors holding the stock till the record date will receive new shares in demat accounts. The price-earnings ratio is a company’s share price to the company’s Earnings per Share.
Please read all scheme related documents carefully before investing. Easterly Government Properties Inc shares has a market capitalization of $ 1.279 B. Enterprise Value is a measure of a company’s total value, often used as a more comprehensive alternative to equity market capitalization.
The markets opened in the positive territory on Tuesday but could not hold on to the high point. Wednesday is likely to be dominated by the rollovers on expiry of monthly derivatives series, as Thursday is market holiday. Axis Securities has picked State Bank of India, Infosys, ICICI Bank, Varun Beverages among a host of other large and midcap stocks as its top picks for the month of April. The brokerage’s top picks’ basket has outperformed the benchmark by a significant margin with a return of 9.7% in FY23 as against the 0.6% decline posted by Nifty over the same period.
Stock market update: FMCG stocks up as market rises
The Gujarat-based Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes. It has one manufacturing plant located at Dhaneti with an installed capacity of 10,800 MT per annum. The company was listed at Rs 337.5, a mild premium of 4 per cent on the National Stock Exchange , compared to its issue price of Rs 326. The Nifty opened high and then went into the negative zone in the afternoon, only to close with a net gain. Stock-specific performances are likely to outshine the broader markets in the next few days. Meanwhile, slowing down the trend of internet companies hitting the markets, only one new-age tech startup Delhivery made its debut this fiscal.
The company has a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems. “KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.” DIIs were the saving grace as they net bought a record Rs 2.53 lakh crore worth of shares in FY23.
The introduction of a cap by western countries will “with high probability” have a negative effect on the energy market, Putin said. Brent traded above $86 a barrel, putting the global benchmark on course for a small decline at the end of a volatile week, with trading volumes thin around a US holiday. European diplomats remain locked in talks over how strict the cap should be, highlighting disagreements between member states. Oil pared a third weekly loss as the European Union weighed a higher-than-expected price cap on Russian crude and economic slowdown concerns threatened the demand outlook. However, on the positive side, some stocks are trading well above their issue price. Stocks such as Venus Pipes & Tubes and Adani Wilmar turned out to be multi-baggers, surging anywhere between 100% and 150% in 2022.