Lloyds Engineering Works News Today : Breaking News, Live Updates & Top Stories | Vimarsana

India Inc's December quarter earnings showed weakening profit momentum at an overall level but we filtered out a list of 16 smallcap companies which reported over 100% growth in sales and profit on a YoY basis. Waaree Renewable Technologies, Advait Infratech, Cressanda Railway Solutions, and Swelect Energy Systems were among the top performers. 14 out of 16 of these stocks have already given multibagger returns in last one year.

As we step into 2024, both domestic and international markets are entering a cloud of uncertainty. Approximately 70 countries, including India, are slated to hold general elections, introducing a potential source of heightened market volatility

In this week, broader indices also touched fresh record highs with BSE-Midcap, BSE-Largecap and BSE-Smallcap added 2.6 percent, 2 percent and 1.6 percent, respectively.

Domestic brokerage firm Ventura Securities has initiated coverage on Lloyds Engineering Works, giving it a 'buy' rating with a target price of ₹71 per share. The brokerage expects the company's revenues to grow at a CAGR of 47% and its EBITDA and PAT to grow at a CAGR of 59% and 66% respectively.

Besides giving double-digit returns consistently in December, there are a few interesting factors backing this optimism. Lets delve a little more deeper into those factors.