Electro Force News Today

The derivative lot size for 42 stocks will be decreased, effective from April 26 for expiries in May 2024 and beyond. Key stocks impacted include Adani Ports, Bharti Airtel, BHEL, SBI, and L&T.

The exchange conducts half yearly review of the lot size of current active securities on its SME platform

Sanjiv Bhasinrecommends investing in PB Fintech, as it has shown strong performance and has the potential for significant growth. He also highlights Tata Motors as a valuable auto company and suggests considering Tata Comm as another promising stock. Bhasin believes there is still opportunity in the real estate market and plans to reveal a top pick in the sector. He discusses the earnings of Voltas and SRF, noting that both have strengths despite some weaknesses.

Sanjiv Bhasin believes that the odds of continuation of the government and policies are getting stronger after three straight elections, with Bihar turning Paltu being a significant event. He also highlights the outperformance of PSUs, the moderation of inflation numbers by the Fed, and the upcoming election verdict as factors contributing to reduced uncertainty. Bhasin suggests investing in midcaps, specifically mentioning Electro Force as a stock that can potentially provide a 50% return in th...

Sanjiv Bhasin says: “Among recently listed companies, Electro Force can still go to Rs 150. As for the others, you have to be a bit cautious. So, do your homework. Largecaps are where you should be overweight now. If you want to stay in the market, be cautious on the midcaps.”

Electro Force (India) Limited IPO, worth ₹80.68 crore, consisted of a fresh issue of 6,000,000 equity shares and an offer for sale component.

Sanjiv Bhasin: “Aarti and SRF. Those have been two of our top picks and they have been very sweet performers, particularly Aarti from Rs 450, crossed Rs 630. We still think that is one stock which must be in your portfolio despite the 50-70% runup. SRF is a pedigree stock as is Atul. These are three names which we would be very bullish on even at this price.”

The firm reported revenue of Rs 30.29 crore in FY23 against Rs 34.44 crore a year ago. Net profit for the year stood at Rs 7.80 crore against Rs 8.64 crore a year ago

​Electro Force made its debut on the NSE SME platform with a mild premium of 7.5% on Wednesday. Post the listing, there was heavy buying interest with the shares locked in a 5% upper circuit at Rs 105.

Here is a roundup of the companies set to make waves in the coming week, , ipo market, forthcoming IPO