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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Crypto exchange Coinbase faces US SEC probe over cryptocurrency listings

Ever since the platform expanded the number of tokens in which it offers trading, the SEC's scrutiny of Coinbase has increased.

In its complaint, SEC said that crypto tokens AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM are unregistered securities.

Crypto trading platform Coinbase Global Inc is facing a US Securities and Exchange Commission (SEC) investigation on if it improperly let Americans trade digital assets that should have been registered as securities, Bloomberg News reported on 26 July.

According to details, the SEC's is looking into an alleged insider trading scheme that was revealed last week.

Earlier last week, US prosecutors in Manhattan charged a former product manager at Coinbase and two others with wire fraud in thefirst insider trading case involving cryptocurrency, added the report.

10 Best New Cryptos on Coinbase to be Announced in 2022

Ever since the platform expanded the number of tokens in which it offers trading, the SEC's scrutiny of Coinbase has increased

The SEC on 21 July had alleged that the that cryptocurrency exchange Coinbase listed nine crypto asset securities. In its complaint, SEC said that crypto tokens AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM are unregistered securities.

Meanwhile, Coinbase had disputed the SEC’s allegations. "Coinbase does not list securities on its platform. End of story,"Bitcoin.com quoted Coinbase's chief legal officer Paul Grewal as saying.

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Trade setup for today, 20th July 2022: Things to know before stock market's Opening Bell today

 Trade setup for Wednesday: In case of any declines, the immediate support for Nifty will be seen around the hourly 20-EMA around 16,220, say experts.

Trade setup for today: NSE has added Delta Corp stock under its F&O ban list for trade date 20th July 2022

Trade setup for today, 20th July 2022: After showing sharp upside move on Monday, both Sensex and Nifty shifted into a choppy movement with positive bias on Tuesday. However, Indian stock market managed to end in green territory for third successive day on Tuesday. Nifty 50 index gained 62 points and finished at 16,340 whereas BSE Sensex added 246 points and finished Tuesday’s session at 54,768 levels. Nifty Bank jumped 1 per cent and closed at 35,720 mark. 

After showing sharp upside move on Monday, both Sensex and Nifty shifted into a choppy movement with positive bias on Tuesday. However, Indian stock market managed to end in green territory for third successive day on Tuesday. Nifty 50 index gained 62 points and finished at 16,340 whereas BSE Sensex added 246 points and finished Tuesday’s session at 54,768 levels. Nifty Bank jumped 1 per cent and closed at 35,720 mark. 

Global cues

On Wall Street, Dow Futures rise as robust earnings pushed positive sentiments. After the end of Tuesday session, Dow Jones ended 2.43 per centhigher whereas tech heavy Nasdaq went up 3.11 per cent. S&P 500 went 2.76 per cent northward while Small Cap 2000 recorded 3.48per cent intraday gain on Tuesday session. But, European shares fell on Tuesday, hit by worries about a hawkish European Central Bank and slowing economic growth. The euro rose to its highest level in about two weeks after news reports that the European Central Bank (ECB) may consider raising interest rates on Thursday by 50 to 75 bps to counter worsening inflation. However, Asian shares were mixed Tuesday, as investors weighed oil prices, inflation worries and corporate earnings.

Asian markets in early morning session   In early morning deals on Wednesday, the Japanese Nikkei is up 2.12 per cent, Hong Kong's Hang Seng is down 0.89 per cent whereas Chinese Shanghai is trading choppy with 0.01 per cent loss.

SGX Nifty technical outlook

SGX Nifty today is quoting 114 points higher from its Tuesday close, indicating a positive opening for the Indian markets when it opens today at 9:15 AM.

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BPCL shines despite reporting 12% fall in Q3 consolidated net profit

Bharat Petroleum Corporation is currently trading at Rs. 427.20, up by 7.30 points or 1.74% from its previous closing of Rs. 419.90 on the BSE.

The scrip opened at Rs. 430.00 and has touched a high and low of Rs. 438.75 and Rs. 423.35 respectively. So far 527424 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 495.30 on 10-Feb-2020 and a 52 week low of Rs. 252.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 438.75 and Rs. 402.10 respectively. The current market cap of the company is Rs. 92193.24 crore.

The promoters holding in the company stood at 52.98%, while Institutions and Non-Institutions held 32.49% and 14.53% respectively.

Bharat Petroleum Corporation (BPCL) has reported 2- fold jump in its net profit at Rs 2777.62 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1260.63 crore for the same quarter in the previous year. Total income of the company increased by 2.57% at Rs 88094.50 crore for Q3FY21 as compared Rs 85883.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 11.89% in its net profit attributable to owners at Rs 1565.23 crore for the quarter ended December 31, 2020 as compared to net profit at Rs 1776.35 crore for the same quarter in the previous year. However, total income of the company increased by 1.77% at Rs 88027.16 crore for Q3FY21 as compared Rs 86495.22 crore for the corresponding quarter previous year.

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