News for Mold-Tek Technologies Limited (MOLDTEK.BO)

Buzzing stocks, stocks to watch: Bharti Airtel, Kalpataru, Wockhardt, IEX, Polycab, Innova Captab, KIMS, Sterling Tools, M&M, NHPC, SAIL, Ircon, Va Tech Wabag, Bajaj Electrical

The short build-up was seen in 79 stocks. These included Ipca Laboratories, Delta Corp, SBI Card, NALCO, and Vodafone Idea. An increase in OI along with a fall in price points to a build-up of short positions.

Multibagger stock: The IT enabled services stock, which closed at Rs 91 on September 2022 hit a record high of Rs 398.45 in the previous session, delivering 338% returns during the period.

Thirty-three Indian stocks have more than doubled investors' wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective.

At least 37 BSE-listed Indian companies have maintained their EBITDA margin over 15% in every quarter of FY23 and have seen their stock prices rise by over 50% in the past year, revealing eight small-cap multibaggers. These include Mold-Tek Technologies, with steady growth and operating margin expansion; Elecon Engineering Company, with a 25% ROCE and better earnings quality; and Nitta Gelatin India, boasting a global presence and relatively low valuation. The screener avoided financial stocks and firms with market caps under INR500 crore.

Civil and structural division achieved revenue growth of 10.47 percent, and mechanical division registered a revenue growth of 257.11 percent over a year-ago quarter, Mold-Tek Technologies said.

Based on the OI percentage, 83 stocks, including Aarti Industries, Syngene International, IndiaMART InterMESH, Laurus Labs, and IDFC First Bank, saw long build-ups.

Among sectors, selling was seen in the FMCG, power and infra, while pharma and realty were up a percent each. Information technology, PSU Bank and metal each gained 0.5 percent

Dhampur Sugar Mills Ltd, Muthoot Finance Ltd, Huhtamaki India Ltd, Thyrocare Technologies Ltd, E.I.D. Parry (India) Ltd, Mold-Tek Packaging Ltd, Mold-Tek Technologies Ltd, and Nestle India Ltd, will trade ex-dividend this week

The key event to watch out for next week would be corporate earnings and the commentary by management.

The BSE midcap index was up 0.4 percent and smallcap index gained 0.6 percent.

Adani Enterprises, Adani Ports, SBI, Infosys and TCS were among the biggest losers on the Nifty, while gainers were Titan Company, NTPC, Larsen and Toubro, Bajaj Auto and Eicher Motors

These penny stocks can become future multibaggers. Watch out for them.

While indices traded volatile 50 stocks on the BSE were seen hitting fresh 52-week highs while 79 stocks were down at fresh lows.

In a sharp reversal to previous day's losses, Indian benchmark indices on Thursday extended opening gains tracking positive global sentiment after the US Fed's in-line rate hikes. The BSE Sensex rose 800 points to 56,540, while the NSE Nifty climbed 250 points to reclaim the 16,900-mark.

BSE Sensex and Nifty 50 were ruling 1.25 per cent higher on Tuesday, supported by gains in index heavyweights such as Reliance Industries Ltd (RIL), Infosys, ICICI Bank

BSE Sensex and Nifty 50 were trading nearly 1.5 per cent up on Thursday, a day of weekly F&O expiry, on the back of buying index heavyweights such as Reliance Industries Ltd (RIL)

Global investors press safety button on rising delta variants around the world

Trends on SGX Nifty indicate a positive opening for the index in India with a 27 points gain.