Transpek Industry Limited is engaged in the manufacturing and export of a range of chemicals, catering to the requirements of customers from diverse industries, including textiles, pharmaceuticals, agrochemicals, and advanced polymers. The company experienced a significant surge in its share price today.
At the start of the day, the Transpek stock commenced trading at Rs 1,786.05 per share, below the previous day’s closing price of Rs 1,804 per share on the BSE. Throughout the trading session, it experienced intraday highs and lows of Rs 2,120 and Rs 1,786, respectively. Ultimately, it concluded the day at Rs 2,068.15, marking a significant 14.64% increase from the previous day’s closing price.
Furthermore, the stock is currently trading 9.6% below its 52-week high of Rs 2,287; however, the stock’s all-time high is Rs 2,695, and it is presently 23.25% below that level. Additionally, trading volumes on the BSE have surged, registering a 28.55 times increase compared to its average trading volume.
If we analyse the company’s shareholding pattern then in the September quarter of FY24, the promoters account for 57.47%, while the FIIs and DIIs hold 1.86% and 1.79%, respectively. The remaining 38.88% is held by public investors.
According to the latest update on the company’s website, the super investor Mukul Agrawal purchased 2.1% of the company’s shares during the December quarter of FY24. The total number of shares he bought during the third quarter is around 1,18,578 shares.
The company has not yet announced its December quarter results. In the second quarter of FY24, the company reported revenues of Rs 120.94 crore, reflecting a decline of 44% YoY compared to the same quarter in the previous year, when the revenue stood at Rs 216.17 crore. The company posted an operating profit of Rs 13.36 crore for the quarter, in contrast to an operating profit of Rs 35.17 crore in the corresponding quarter of the previous year. Furthermore, the company reported a net profit of Rs 2.99 crore, compared to a net profit of Rs 19.99 crore in the same period last year. Furthermore, the company has witnessed a decline in both its top line and bottom line on a year-over-year basis.
The company’s Return on Capital Employed (ROCE) and Return on Equity (ROE) stand at 19.9% and 16%, respectively. Currently, the stock is trading at 17.8 times in the market.
Know: ROE Vs ROCE
Investors should keep an eye on this stock as it has experienced significant volume activity, and a super investor has entered the company by acquiring a stake.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.