This small-cap stock doubled investor wealth in one year

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas (REUTERS) 

For the January-March quarter (Q4FY22), the company reported a 31% year-on-year (YoY) increase in consolidated profit after tax  (PAT) of 21.69 crore compared to 16.54 crore in Q4FY21.

Shares of Vadilal Industries have doubled investors' wealth in the last one year, surging from ₹1,026 to ₹2,112.20 levels.The stock has seen a one-way rally so far in 2022. During the last six months, it has risen from ₹880 on January 25, 2021, to its current level of ₹2,111.30, representing a multi-bagger return of 140.88 per cent at a time when the Sensex has fallen by nearly 4.12%.

Further, in the last 3-year period, the stock has surged from ₹493 to ₹2,112.20 a piece, logging nearly 328.39 per cent. The stock hit a 52-week high of ₹2,247 on July 18, 2022, and a low of ₹823.8 on January 25, 2022, implying that it is currently trading 156.64 per cent higher than its 52-week low.

Vadilal Industries is a century-old company founded in 1907. It is a small-cap FMCG stock engaged in the packaged food industry with a market capitalisation of over ₹1,518.5 crore.

The company is engaged in the business of manufacturing ice cream, flavoured milk, frozen desserts, processed foods, and other dairy products. It is also enga+ged in the export of ice cream, dairy products, processed food products such as frozen fruits, vegetables, pulp, ready-to-eat and ready-to-serve products etc.

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Wipro shares trade near 52-week low after disappointing Q1. What brokerages recommend?

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals

Shares of Wipro Ltd plunged more than 2% in Thursday's opening deals, trading near its 52-week low level after the company missed analyst estimates for June-quarter profit on Wednesday, as higher employee-related costs pushed up the information technology servicesfirm's overall expenses.

The Indian IT company’s net profit for the June quarter declined 20.7% to ₹2,563 crore from ₹3,232 crore in the year-ago period. The revenue for the June quarter grew 19% annually to ₹21,529 crore on the back of a strong demand environment for cloud, digital engineering, and cyber security services.

Wipro forecast higher revenue growth from IT services on the back of a strong project pipeline, and said margins likely bottomed out after higher expenses dented June-quarter profit.

“Wipro's 1QFY23 results missed estimates, with the 200bps QoQ margin decline being the key disappointment. Deal TCV at US$1.1bn, strong net hiring, and healthy 2Q guidance of 3-5% QoQcc were encouraging. We lower our estimates by 1-6% and expect Wipro to deliver a 6% EPS CAGR in FY22-25. Weak EPS growth, a high risk of cuts to consensus estimates, and heavy reliance on acquisitions should weigh on the stock," said analysts at Jefferies while maintaining underperform rating on Wipro shares with a target price of ₹360.

Wipro's expenses during the first quarter ended June 2022, which includes employee cost, jumped almost 23% to ₹18,647.5 crore, with attrition rate at 23.3%. The operating margin in the IT services segment decreased by 200 basis points to 15% quarter-on-quarter.

“We cut FY23/FY24/FY25 EPS estimates by 6.5%/1.8%/2.8%, considering the Q1 miss. Management commentary remains fairly confident on revenue acceleration ahead. However, it shied away from giving any timeline on the margin returning to the mediumterm target range of 17-17.5%, which remains an irritant," said another brokerage Emkay. It has maintained Buy tag on the IT stock with a revised target price of ₹490 (from ₹500 earlier).

Indian top IT services companies' June-quarter earnings started on a weak note, with TCS and HCL Technologies also missing their first-quarter profit estimates. Infosys is yet to announce its Q1 earnings.

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The share sales sailed through despite choppy stock markets this week. The BSE Sensex is down 3% since Monday.

The futures and options (F&O) are derivative instruments that derive their value from the underlying asset. They are used primarily to hedge an investment against losses. Read further to know how they work.

Futures and Options (F&O) are a particular kind of trading instrument falling in the category of derivatives. They have gained prominence in stock markets in recent years. In trading, a derivative is a contract that derives its value from an underlying financial asset. Under F&O trading, the investor doesn’t necessarily have to buy the underlying asset but can gain from its price fluctuations in the market

These financial contracts are signed at predetermined prices to trade a security in the future. This means that the buyer agrees to purchase derivative (s) at a future date at the decided price. As a result of the contract, the parties strive to minimize the risk involved by hedging against price variations. Meanwhile, the changes in the market price ascertain the profits or losses, which can go in either direction if the market conditions are not accurately predicted.

Although both futures & options are known as derivative contracts, there is a significant difference between them.In futures, the buyer has an obligation to buy the underlying stock at the predetermined price when the contract matures, regardless of his ability to earn profit because of the trade.

On the other hand, in the case of options — a trader has a choice to buy or sell the equity any time during the duration of the contract i.e. one has the right but not an obligation to buy or sell the security. There are two types of options: the ‘call’ option where a trader has an option to buy the stock at the predetermined price anytime during the contract and the ‘put’ option where the trader has the option to sell the stock when it reaches a specific price.

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ओप्पो ने 4389 करोड़ रुपए की कस्टम ड्यूटी की चोरी की; शाओमी, वीवो, हुवावे के बाद यह चौथा मामला

 

शाओमी, वीवो और हुवावे के बाद एक और चीनी स्मार्टफोन कंपनी जांच के दायरे में आई है।

 डायरेक्ट्रोरेट ऑफ रेवेन्यू इंटेलिजेंस (डीआरआई) ने ओप्पो इंडिया द्वारा 4,389 करोड़ रुपए की कस्टम ड्यूटी की चोरी का पता लगाया है। कंपनी ने टैक्स चोरी आयात की गलत जानकारी देकर की।

जानबूझकर गलत जानकारी देने के सबूत मिले

वित्त मंत्रालय ने बुधवार को बताया, ओप्पो मोबाइल्स चीन की ग्वांगडोंग ओप्पो मोबाइल टेलीकम्युनिकेशंस कॉरपोरेशन की सहयोगी कंपनी है। ओप्पो, वनप्लस और रियलमी ब्रांड से फोन बेचती है।

 डीआरआई ने जांच के दौरान ओप्पो इंडिया के कई परिसरों और मैनेजमेंट के अधिकारियों के घर छापेमारी की थी। इस दौरान मोबाइल बनाने के आयातित सामान के बारे में जानबूझकर गलत जानकारी देने के सबूत मिले थे।

वीदिल्ली हाई कोर्ट ने वीवो मोबाइल इंडिया से कहा, यदि वह प्रवर्तन निदेशालय (ईडी) द्वारा फ्रीज किए गए 119 बैंक खाते चलाना चाहती है तो उसे 950 करोड़ रुपए की बैंक गारंटी देनी होगी। साथ ही इन खातों में 251 करोड़ रुपए का बैलेंस हमेशा रखना होगा। ईडी ने मनी लॉन्ड्रिंग की जांच के सिलसिले में 5 जुलाई को वीवो और इससे जुड़ी 23 कंपनियों के देशभर में 48 ठिकानों पर छापेमारी की थी।

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