Shilchar Technologies News Today

Q4 results today: Adani Total Gas, Cholamandalam Investment and Finance Company, Indus Towers, Central Bank of India, Procter and Gamble Hygiene and Health Care, Exide Industries, Vedant Fashions, Castrol India, Indiamart Intermesh, among others will announce their Q4 earnings today.

The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks.

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

Shilchar Technologies Q3 FY24 Results Live: Revenue increased by 72.76% YoY & profit increased by 119.4% YoY

Stocks in the smallcap segment have had a dream run this year, backed by the relentless buying, particularly by retail investors. The S&P BSE Smallcap index has given a staggering 45% returns year-to-date, against the 16 returns given by benchmark Sensex.

"We have seen China, Japan, and South Korea see a massive increase in consumption spending post attaining the per capita income level of $2000. So, a third term for Modi would signify political stability, and the outcomes of previously introduced reforms would predominantly unfold during this tenure. If the Indian economy maintains the anticipated growth trajectory, these two themes are well-positioned to be influential in the journey."

Action Construction Equipment (Re 1/share), Benares Hotels (Rs 20/share), Bharat Electronics (Rs 0.6/share), Relaxo Footwears (Rs 2.5/share), Shilchar Technologies (Rs 10/share), The J&K Bank (Rs 0.5/share), Vedant Fashion (Rs 9/share), V-Guard Industries, The South Indian Bank, and Industrial & Prudential Investment Company will trade ex-dividend on August 17.

Shilchar Technologies Limited reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was INR 672.15 million compared to INR 572.47...

An amount of Rs 1 lakh invested in the shares of Shilchar Technologies three years ago would have turned into Rs 27.79 lakh today

Shilchar Technologies stock hit a record high in early trade and saw profit-booking in the afternoon session today.