China's $839 Billion Stimulus Budget: Key Highlights and Analysis
This small-cap stock zoomed 13% today; do you have it?
Last Updated: 18th November 2022 - 12:54 pm
The stock also hit a new 52-week high on Friday.
On November 18, the market is trading in the red. At noon, the S&P BSE Sensex is trading flat at 61,415.10, down 0.54%, while NIFTY50 is trading flat at 18,238.90, down 0.57%. About sectoral performance, Financials and Capital Goods are outperforming, while Auto and Consumer Durables are among the top losers. Regarding stock-specific action, Honda India Power Products Ltd is the top gainer among BSE group ‘B’.
Shares of Honda India Power Products Ltd have surged 13% and are trading at Rs 2440, as of noon. The stock has also hit a new 52-week high today.
On November 8, the company announced its September quarterly results. For Q2FY23, on a YoY basis, its revenue grew by 70% and came in at Rs 394 crore. While, for the same quarter, its net profit jumped by 262% YoY and stood at Rs 42 crore.
Honda India Power Products Ltd is involved in the business of manufacturing and marketing portable generators, water pumps, tillers, and general-purpose engines. The company is a subsidiary of Honda Motor Co, Japan and was incorporated on 19th September 1985.
They have over 30 years of experience and are the market leaders in the power product industry in the Indian domestic market. The company is also engaged in the marketing of lawnmowers, brush cutters, and long-tailed boat engines.
“HONDA” is the brand name under which the company sells all its products. The company exports its products to 35 countries and has a network of 600 dealers.
About the shareholding pattern, 66.67% of the company’s stake is owned by the promoters, 0.59% by FIIs, 13.43% by DIIs, and the rest 19.32% by non-institutional investors.
The company has a market capitalisation of Rs 2467 crore and is currently trading at a PE multiple of 28.6x. The stock has a 52-week high and low of Rs 2454.95 and Rs 1116, respectively.
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