This electrical equipment manufacturer was trending today!


The stock surged 4% and closed at Rs 1724
On December 27, the market traded in the green. Both Sensex and NIFTY50 were up more than 0.6%. The S&P BSE Sensex closed trading at 60,927, while NIFTY50 closed at 18,132. Regarding sectoral performance, Metal was the top gainer, while FMCG and Healthcare were the top losers. Talking about stock-specific action, Apar Industries Ltd was among the top gainers in BSE group ‘A’. The stock was trading near an all-time high.
The shares of Apar Industries Ltd surged 4% and closed trading at Rs 1724. The stock opened at Rs 1678.7 and made an intraday high and low of Rs 1736 and Rs 1670.35, respectively. The company has a market capitalisation of Rs 6600 crore. The stock is trading at a PE multiple of 18.71x.
Apar Industries Ltd is a highly-trusted manufacturer and supplier of conductors, a wide variety of cables, speciality oils, polymers and lubricants. Established in 1958, it exports to over 140 countries, serving more than 10 industries. According to FY22, about 38.2% of the revenue comes from exports while 61.8% comes from the domestic market.
It operates mainly into four segments- conductors, electrical, telecom and elastomer cables, speciality oils and lubricants (auto & industrial). Power Grid Corporation of India Limited, Adani Group and Mazagon Dock Shipbuilders are among the major clients of the company.
Q2FY23 remained the highest-ever quarter for the company in terms of both revenue and net profit generated. For Q2FY23, the company’s consolidated revenue jumped by 42% to Rs 3215 crore from Rs 2262 crore, reported in Q2FY22. While, for the same quarter, consolidated net profit YoY improved by more than 80%. As per the FY22 period ending, the company has an ROE and ROCE of 16.22% and 28.51%, respectively.
About the shareholding pattern, 60.64% of the company’s stake is owned by the promoters, 6.3% by FIIs, 16.76% by DIIs and the rest 16.3% by non-institutional investors.
Share Market Today
Indices Name | Price | Price Change (% change) |
---|---|---|
S&P ASX 200 | 7199.00 | 4.1 (0.06%) |
CAC 40 | 7555.27 | 13.35 (0.18%) |
DAX | 16791.13 | 20.36 (0.12%) |
Dow Jones | 36358.59 | 110.72 (0.31%) |
FTSE 100 | 7550.71 | -20.45 (-0.27%) |
Hang Seng | 16192.71 | -128.32 (-0.79%) |
US Tech 100 | 14405.70 | -1.94 (-0.01%) |
Nikkei 225 | 32791.80 | 483.94 (1.5%) |
S&P 500 | 4613.77 | 9.4 (0.2%) |
Gift Nifty | 21125.00 | 56 (0.27%) |
Shanghai Composite | 2991.44 | 21.88 (0.74%) |
Taiwan Weighted | 17418.34 | 34.35 (0.2%) |
US 30 | 36351.40 | 85.4 (0.24%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage
Fill in your details below: