Latest News
-
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible? -
TCS Vs Infosys: Dividend History And Upcoming Rewards, Which IT Giant Is Better? -
LIC New Jeevan Shanti 858 Plan: How To Earn Rs 10,000 Pension Per Month After Retirement? Check Eligibility! -
Kronox Lab Sciences Granted SEBI Approval to Initiate IPO
This YTD Multibagger Small Cap Stock Gains Close To 23% In 3-Sessions
While the headline indices ended in the red today (July 1, 2022), with Nifty managing to hold just above 15,750 levels, this one small cap stock Orient Bell managed to end in the green. Infact it is seeing bullish momentum for quite some time now. In the previous day's session it made a fresh 52-week high of Rs. 733.7 per share. In fact this is also the stock's life-time high. While all time low price of the stock is Rs. 13.
Since Tuesday's closing price of Rs. 579.9, the stock has run up as much as 22.8% considering the closing price as of July 1, 2022 of Rs. 712.2. 1-week, 1-month and YTD returns from the stock are 25.6%, 12.33% and 107.6%, respectively.
Company's financials
In the March ended quarter of Fy2022, the company's standalone revenue from operations inched higher both sequentially as well as YoY to Rs. 215.95 crore. Alongside, the company's net profit also doubled YoY to Rs. 16.2 crore in the same period. Orient Bell is a low debt company and its debt to equity has been consistently coming down from Fy 2019 and current as of Fy22 stands at 0.03.
About the Company
Orient Bell is a company from the furniture, home furnishing and flooring industry. The company is engaged in the manufacturing, trading and selling of ceramic wall, floor and vitrified tiles. The company's broad product range comprises floor tiles, bathroom tiles, wall tiles, kitchen tiles, marble tiles, room tiles, wooden tiles etc.
Stock's technicals as viewed by experts
Given the high scale volatility in the Indian markets currently, Orient Bell notching all time highs is certainly noteworthy. Also, volumes registered in the stock over the last few days is even more impressive.
Further as per experts, while it is difficult to determine as to how much the all time stock shall rally, this stock just before the ongoing rally gave a breakout from a Bullish Flag pattern that projects a target of Rs. 910-920. This shall likely offer an upside of over 29%.
GoodReturns.in
