Responsive Industries News Today

Q4 results on May 28: General Insurance Corporation of India, EIH, ITI, Aditya Birla Fashion and Retail, Brigade Enterprises, NBCC, Rites, Engineers India, Ingersoll-Rand (India), PTC Industries, and MMTC, are also among the 30 companies that will announce their Q4 earnings today.

Ventura Securities initiates coverage on Responsive Industries, citing long-term growth opportunities in vinyl tiles. Imposition of 25% import duty on Chinese products in the US creates opportunities for Indian manufacturers.

HBL Power Systems has seen a remarkable gain of 394% in the past year, with long-term investors enjoying staggering returns of 1254% in three years and 2143% in five years. The stock has surged by 5367% in a decade, consistently delivering positive annual returns.

Data available from corporate database ACE Equity showed that select five stocks with high foreign ownership have surged upto 200% in last 12 months.

Leading the pack is ICICI Bank, which secured the top spot with a net profit of Rs 11,052.60 crore in Q3FY24

Responsive Industries Q3 FY24 Results Live : Revenue increased by 1.26% YoY & profit increased by 165.25% YoY

The stock surged 7.19 per cent to hit a day high of Rs 324.30. At this price, the scrip was down 11.10 per cent from its one-year high of Rs 364.80, a level seen on September 29 last year.

Thane-based Responsive Industries is a leading manufacturer of PVC products like vinyl flooring, synthetic leather and luxury vinyl tiles.

BSE's Sensex dropped 259.59 points, or 0.36 per cent, to settle at 71,423.65, while NSE's Nifty50 declined 50.60 points, or 0.23 per cent, to end the day at 21,571.80 for the day.

While money managers have sounded out a word of caution, stating that risk-reward remains unfavourable in several pockets of the smallcap segment, an analysis of the valuation based on the price-to-earnings ratio (P/E), suggested that there are still some multibaggers which are trading below their 5-year average.