Sovrenn Times 8 Aug 2023

Author: Sovrenn Financial Technologies Pvt. Ltd.
8th August 2023
Aditya Joshi, Co-founder and CEO

Akriti Swaroop, Co-founder and COO
SOVRENN TIMES
DISCLAIMER: This document is created for educational and informational purposes only and should NOT
be construed as a Buy/Sell recommendation, investment advice or a research report. Although the
document accurately reflects the personal views of the authors, there may be manual/ human errors in the
document. The authors may also have equity shares in the companies mentioned in this report. Investor is
advised to consult his/her investment advisor and undertake further due diligence before making any
investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due
to investments made as per the information written in this document.
8th August 2023
1. DANLAW TECHNOLOGIES LIMITED BSE: 532329
(1st time covered: 29th May 2023)
Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-23, sales up 24% YoY from INR 37.3
Cr to INR 46.4 Cr. Net profit up 4x from INR 0.9 Cr to INR 3.7 Cr.
Company Description: Danlaw Technologies Limited is a global leader in connected car and automotive
electronics. The world class vehicle solutions make Danlaw one of the largest suppliers of connected
gadgets in the world. The product portfolio of the company includes Telematics Control Unit - 2G,
Telematics Control Unit - 4G, Diagnostic Tool, Body Control Unit and Data Logger.
Share price and Volume (last 1 year):
Price Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
Danla 233 198 204 254 231 284 409 443 479 558 714 735
• MCap of INR 281 Crore (share price = INR 759/ share) (as on 8th Aug ‘23)
• TTM PE of 28.1x (as on 8th Aug ‘23) Retail float = 31.1% (Jun-23)
(In INR Cr) Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23
Sales 13.6 28.7 33.8 37.3 38.0 43.6 48.3 46.4
Op Profit 1.1 1.0 1.4 1.3 3.4 5.8 8.4 6.7
Net Profit 0.6 -0.8 3.2 0.9 1.2 2.8 2.4 3.7
OPM 8% 3% 4% 6% 9% 13% 17% 14%
NPM 4% -3% 9% 4% 3% 6% 5% 8%
Promoter % 49.9% 49.9% 49.9% 49.9% 49.9% 49.9% 49.9% 49.9%
(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 TTM
Sales 18 26 15 28 52 167 176
Op Profit 1 0 -3 -2 2 20 24
Net Profit 1 0 -3 -3 4 7 10
Website: https://www.danlawtechnologies.com/
This page is created for information purpose. It is not a BUY/SELL recommendation. 2

Please do your own due diligence before making any investment decisions.
8th August 2023
Company Type Evergreen
LT OP uptrend Yes
ST OP uptrend No
PE Low
Futuristic Sector No Telematics Control Unit – 2G
HNI / Institutional
/ Promoter No
Buying
Special Situation No
Future Visibility No
LT OP = Long-term operating profit; ST OP = Short-term operating profit

8th August 2023
2. MISHTANN FOODS LIMITED BSE: 539594
(1st time covered: 18th Jul 2023)
Recent filing: (INSTITUTIONAL BUYING) Nomura Singapore ODI hiked its stake in Mishtann Foods from
1.28% to 2.19%.
Company Description: Incorporated in 1992, Mishtann Food Limited, is India's leading FMCG company
with primary focus on various types of Basmati rice. The company also has a sizeable presence in Salt,
Wheat and Pulses segment.
Mishta 10.8 9.0 9.2 10.0 9.1 9.4 8.2 7.7 7.7 8.2 10.5 12.7
• MCap of INR 1,366 Crore (share price = INR 14 / share) (as on 8th Aug ‘23)
Sales 125 148 153 158 160 164 169 294
Op Profit 11 13 22 18 18 23 23 73
Net Profit 6 8 13 11 11 14 14 69
OPM 9% 9% 14% 11% 11% 14% 14% 25%
NPM 5% 5% 8% 7% 7% 9% 8% 23%
Promoter % 49.3% 49.3% 49.3% 49.3% 49.3% 49.8% 49.8% 49.8%
Sales 388 482 482 351 499 650 787
Op Profit 13 23 6 7 52 83 137
Net Profit 6 12 0 1 31 50 108
Website: https://www.mishtann.com/

8th August 2023
Company Type Seasonal

LT OP uptrend Yes
ST OP uptrend Yes
PE Very low
Futuristic Sector No
Product offered by the company
Above +
HNI / Institutional Promoter Buying: Jun ‘23: 4.8L shares 10.2/share totaling to INR 49L
/ Promoter Yes
Dec ‘22: 23.4L shares bought at INR 9.1/share totaling to INR 2.1Cr
Buying
Nov ‘22: 24.4L shares bought at INR 9.5/share, totaling to INR 2.3Cr.
May ‘23: Company looking forward to introducing new product for

domestic market - free flow iodized salt, crystal salt and rock salt. It also
has ventured into markets of North Eastern India. It also aims to
increases its presence in the markets of North-East India and Africa.
Future Visibility Yes
Apr ‘23: Incorporation of a Wholly Owned Subsidiary by the name ‘Grow
and Grub Nutrients FZ-LLC’ in UAE. It will import Thai Rice and
Jasmine Rice from Thailand through its subsidiary.

8th August 2023
3. SML ISUZU LIMITED NSE: SMLISUZU (1st time covered: Today)
Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-23, sales up 26% from INR 500 Cr to
INR 632 Cr. Over the same period, net profit up 16x from INR 2 Cr to INR 32 Cr.
Company Description: SML Isuzu is a reliable and a trusted OEM for commercial vehicles based in India
since 1983. It has now over 40 years of experience in producing Light & Medium commercial vehicles to meet
the Indian customer needs. SMLI is a first company to manufacture and supply state of the art fully built
Buses, Ambulances and customized vehicles.
SML 751 815 779 746 677 760 697 743 957 1,084 1,118 1,082
• MCap of INR 1,787 Crore (share price = INR 1,235/ share) (as on 8th Aug ‘23)
• TTM PE 36.4x (as on 8th Aug ‘23) Retail float = 16.4% (Jun-23)
Sales 233 250 342 500 410 328 583 632
Op Profit -16 -10 2 17 6 16 43 47
Net Profit -29 -26 -11 2 -9 0 27 32
OPM -7% -4% 1% 3% 1% 5% 7% 7%
NPM -12% -10% -3% 0% -2% 0% 5% 5%
Promoter % 44.0% 44.0% 44.0% 44.0% 44.0% 44.0% 44.0% 44.0%
Sales 1,135 1,409 1,154 591 924 1,822 1,953
Op Profit 45 74 12 -69 -41 82 111
Net Profit 8 20 -21 -133 -100 20 49
Website: https://www.smlisuzu.com/

8th August 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Moderate
HNI / Institutional
Apr ‘23: Navodya Enterprises bought 95k shares at INR 835/share,
/ Promoter Yes aggregating to INR 7.9 Cr
Buying
Future Visibility Yes Jan ‘23: In the Auto Expo 2023, company presented 4 of its latest
products – 1 in cargo segment and other 3 in passenger segment

8th August 2023
4. GENUS POWER INFRASTRUCTURES LIMITED
NSE: GENUSPOWER (1st time covered: 4th Jul 2023)
Recent filing: (ORDER) Company wins order worth INR 2,210 Cr for supply, installation and commissioning
of 21.77L smart prepaid meters on Design, Build, Finance, Own, Operate, Transfer basis under RDSS. Post
this, total order book of the Company stands at INR 8,200 Cr.
Company Description: Genus Power Infrastructure Limited has two business divisions offering highly
innovative and sustainable solutions to the power sector. The products and solutions provided by the
company includes Metering, Engineering, Construction & Contracts and Hybrid Microcircuits.
Genus 85 80 89 94 85 93 89 85 91 92 126 183
• MCap of INR 4,992 Crore (share price = INR 194/ share) (as on 8th Aug ‘23)
• TTM PE of 172x (as on 8th Aug ‘23) Retail float = 13.4% (Jun-23)
(In INR Cr) Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23
Sales 130 178 196 181 187 219 200 202
Op Profit 5 15 21 19 14 17 20 27
Net Profit 24 -2 15 21 12 7 22 11*
OPM 4% 8% 11% 10% 7% 8% 10% 13%
NPM 18% -1% 8% 12% 6% 3% 11% 5%
Promoter % 50.5% 50.5% 50.5% 50.5% 50.4% 50.4% 50.4% 50.4%
* Adjusted for Other Income of INR -22 Cr
(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sales 835 1,055 1,060 609 685 808
Op Profit 94 113 157 103 60 79
Net Profit 85 48 73 69 57 29
Website: https://www.genus.in/

8th August 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Very high
Yes
Futuristic Sector
(Smart Meter)
HNI / Institutional
/ Promoter No
Buying
Jul ‘23: Company signed an agreement for investment by Chiswick
Investment, an affiliate of GIC, of up to INR 519 Cr by way of a
preferential allotment of warrants (4.6 Cr warrants) which shall
Special Situation Yes
constitute (if and when GIC elects to exercise such warrants) 15% of
the issued and paid-up share capital of Genus on a fully diluted/as
converted basis.
Above +
Jul ‘23: Genus has incorporated a wholly owned subsidiary named

“Genus Mizoram SPV Pvt. Ltd.” for execution of Advanced Metering
Infrastructure Service Provider (AMISP) Contract
Jul ‘23: Company incorporated a Wholly owned step-down

subsidiary named “Genus Chhattisgarh PKG-1 SPV Pvt Ltd” for
execution of advanced Metering Infrastructure Service Provider
(AMISP) Contract.
Jul ‘23: Company announced the signing of definitive agreements

with Gem View Investment (Gem : Genus = 74:26), an affiliate of
GIC, Singapore for setting up of a platform for undertaking Advanced
Metering Infrastructure Service Provider concessions. The partners
Future Visibility Yes have committed to an initial pipeline with a capital outlay of US$ 2bn.
Genus would be the exclusive supplier to the Platform for smart
meters and associated services.
Jul ‘23: Company received a letter of award worth INR 2,208 Cr for
appointment of Advanced Metering Infrastructure Service Provider.
Jun ‘23: Company incorporated a subsidiary by the name Gemstar

Infra Pte. Ltd in Singapore. It will facilitate advanced metering
infrastructure service provide concessions
Mar ‘23: Incorporation of a Wholly Owned Subsidiary by the name

Genus Assam Package-2 SPV Limited for execution of Advanced
Metering Infrastructure Service Provider (AMISP) Contract.
Mar ‘23: Incorporation of Step-down subsidiary company by the

name ‘Hi-Print Assam Package-3 SPV Limited’.

8th August 2023
Mar ‘23: Incorporation of a Wholly Owned Subsidiary by the name
‘Genus Tripura SPV Private Limited’
Feb ‘23: Incorporation of a step-down subsidiary company, by the

name “Genus Assam Package-5 SPV Limited”
Jan ‘23: Company won an order worth INR 2,855 Cr.
Nov ‘22: Company approved evaluation of options for expansion of

the business of its 5 wholly owned subsidiary.

8th August 2023
5. JUPITER WAGONS LIMITED NSE: JWL
(1st time covered: 15th Feb 2023)
Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-23, sales up 2.5x YoY from INR 295 Cr
to INR 753 Cr. Similarly, net profit was up 5x from INR 13 Cr to INR 63 Cr. EBITDA margin improved from
10.6% to 13.2% over the same period.
Company Description: Jupiter Wagons is a complete transportation solutions engineer and one of the
fastest-growing in India's railway sector. It is one of few players in India's railway
wagons sector with a captive foundry, one of the highest capacity complements and India's largest
manufacturer of 25 tonnes wagons.
JWL 80 72 73 86 92 123 93 92 105 131 174 205
• MCap of INR 9,026 Crore (share price = INR 233/ share) (as on 8th Aug ‘23)
Sales 252 299 363 295 417 644 712 753
Op Profit 34 22 31 30 49 79 91 97
Net Profit 16 9 14 13 24 45 39 63
OPM 13% 7% 9% 10% 12% 12% 13% 13%
NPM 6% 3% 4% 4% 6% 7% 5% 8%
Promoter % 60.7% 60.7% 60.7% 74.6% 74.6% 74.6% 74.6%
Sales 996 1,178 2,068 2,526
Op Profit 106 114 249 316
Net Profit 53 50 121 171
Website: https://www.cebbco.com/

8th August 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE High
Yes
Futuristic Sector
(Railways)
HNI / Institutional
/ Promoter No
Buying
May ‘23: Company approved the allotment of 1.2L equity shares to
Special Situation Yes eligible Qualified Institutional Buyers at an issue price of INR 104/share,
aggregating to INR 125 Cr.
Jan ‘23: Jupiter Electric Mobility, subsidiary of the company launched

Future Visibility Yes two commercial electric vehicles (CEV) at Auto-Expo 2023. It is already
in partnership with Canadian CEV company GreenPower.

8th August 2023
6. ANNAPURNA SWADISHT LIMITED NSE: SM : ANNAPURNA
(1st Time Covered = 25th Jan 2023) (SME Lot Size = 1,000 shares)
Recent filing: (PREFERENTIAL ALLOTMENT) BoD has considered and approved the issuance of 11L
equity shares and 12.5L warrants at INR 295 each, by way of preferential allotment, aggregating to around
INR 70 Cr, to both promoters and non-promoters.
Company Description: Incorporated in 2016, Annapurna Swadisht Limited is a manufacturer of snacks and
food products, namely Fryums, cakes, candy, namkeen, chips, and Gohona Bori catering to the customers
residing in the rural areas of India. Since then, the company has reached 5 lacs+ retailers in 100+ towns and
more than 1.5 lacs villages. These villages are spread across eastern India, covering West Bengal
Jharkhand, Bihar, North East and Odisha.
350 600
Volume (in '000) - RHS
300 Share price (INR) - LHS 500
250
400
200
300
150
200
100
50 100
0 0
12-Oct-22 12-Dec-22 12-Feb-23 12-Apr-23 12-Jun-23
Annap 116 135 140 142 135 138 193 249 259 274 289
• MCap of INR 515 Crore (share price = INR 314/ share) (as on 8th Aug ‘23)
• TTM PE 72.5x (as on 8th Aug ‘23) Retail float = 14.6% (Mar-23)
(In INR Cr) Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23
Sales 36.7 65.6 94.6
Op Profit 2.9 4.9 8.2
Net Profit 1.2 2.9 4.3
OPM 8% 7% 9%
NPM 3% 4% 5%
Promoter % 51.9% 51.9%
(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Sales 61.0 160.2
Op Profit 5.1 13.0
Net Profit 2.4 7.1
Website: https://www.annapurnasnacks.in/
8th August 2023

LT OP uptrend Yes
ST OP uptrend Yes
PE Very high
Products of the company
HNI / Institutional Dec ‘22: Msp Sponge Iron bought 1.4L shares at INR 135/share,
/ Promoter Yes totaling to INR 1.9Cr
Buying
Above +
Mar ‘23: BoD considered and approved the raising of funds through
Special Situation Yes issuance of warrants up to INR 50 Cr. The fund will be used for
setting up of new manufacturing facilities in Uttar Pradesh, Odisha
and Assam, to meet the working capital requirement and also to
repay the high-cost debt of the Company.
Jul ‘23: Company commenced commercial production at its new

plant located in Gurap in West Bengal. The new manufacturing
facility will enable ASL to cater Kolkata Market and its adjoining
periphery and thereby enhancing the brand visibility in the state
capital.
Jun ‘23: The company forays into Uttar Pradesh through exclusive
contract manufacturing agreement with Gopal Food Product,
Mathura, UP. The new facility is having capacity of 1,000 MT of
Biscuits, 60 MT of Namkeen and 150 MT of Snacks per month.
The new manufacturing facility will enable ASL to cater the East
and North Rajasthan, Whole of Haryana, West and Central UP,
Delhi NCR, North Madhya Pradesh, and South and West
Uttarakhand.
Future Visibility Yes
Apr ‘23: Company has acquired exclusive Selling Right of Brand
“MY NOODLES” from its manufacturer and brand owner
Millenium Exim Pvt. Ltd. The brand recorded a turnover of INR 24
Crore in FY23.
Mar ‘23: Launch of flavoured drinks in the states of West Bengal,

Jharkhand, Orissa, Assam and UP by the end of Mar’23.
Jan ‘23: Commencement of a new manufacturing unit in Siliguri,

West Bengal. The new plant is expected to start commercial
production w.e.f 15 February 2023. The additional daily
production capacity of the new plant is 15 MT per day of fried
extruded snacks and 10 MT per day of Cakes and Rusks
aggregating to 25 MT per day.

8th August 2023
7. CFF FLUID CONTROL LIMITED BSE: 543920
(SME Lot Size = 800 shares) (1st time covered: 28th Jul 2023)
Recent filing: (LARGE ORDER) Company has received the contract for procurement of spares of TWA MCA
62.5 System worth INR 3.4 Cr from Eastern Naval Command, Visakhapatnam, to be delivered by Jun 2024.
Company has also received a 3-year contract for Annual Maintenance of TWA MCA 62.5 System of Indian
Navy Submarines aggregating to INR 23.44 Cr.
Company Description: CFF Fluid Control Limited, specializes in fluid control products for submarines, tanks
and missiles, offering a range of equipments such as isolation valves, control valves, pressure relief valves,
reducing stations, fittings and orifice plates.
CFF 175 319
• MCap of INR 679 Crore (share price = INR 349 / share) (as on 8th Aug ‘23)
• TTM PE 67.9x (as on 8th Aug ‘23) Retail float = NA (Mar-23)
(In INR Cr) Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23
Sales 39 32
Op Profit 10 8
Net Profit 6 4
OPM 26% 25%
NPM 15% 13%
Promoter %
(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 TTM

Sales 32 15 47 71
Op Profit 5 3 13 18
Net Profit 1 0 8 10
Website: https://www.cffdefenseys.com/
8th August 2023
LT OP uptrend Yes
ST OP uptrend No
High
PE
Yes
Futuristic Sector
(Defence)
Jun ‘23: Ss Corporate Securities bought 1.1L shares at INR 175/share,

aggregating to INR 1.9 Cr. Sappers Infra Realtors bought 1.8L shares
HNI / Institutional
at INR 166/share, aggregating to INR 3 Cr. Blackberry Projects bought
/ Promoter Yes 3.1L shares at INR 166/share, aggregating to INR 5.2Cr. Vedankit
Buying Traders bought 4.4L shares at an average of INR 180/share,
aggregating to INR 7.9 Cr.
Special Situation Yes IPO in Jun ‘23
Above +
Jul ‘23: Company received the contract for procurement of spares of

TWA MCA 62.5 System worth INR 25.5 Cr from Ministry of Defence,
Future Visibility Yes Navy, to be delivered by Jun 2024.
Part of IPO funds to be used towards purchase of machinery and

equipment (INR 9 Cr) and acquiring technology of “Towed Wire
Antenna (TWA)” (INR 8.5 Cr).

8th August 2023
Other News
MANORAMA INDUSTRIES LIMITED
(EXCELLENT RESULTS) For the quarter ending Jun-23, Sales up 53% YoY from INR 73 Cr to INR 112 Cr.
Over the same period, Net Profit up 71% from INR 7 Cr to INR 12 Cr.
• MCap of INR 2,050 Crore (share price = INR 1,720/ share); TTM PE 58.5x (as on 8th Aug ‘23)
Manora 1,282 1,249 1,226 1,079 1,022 1,009 937 1,027 1,102 1,490 1,534 1,676
LEHAR FOOTWEARS LIMITED

(EXCELLENT RESULTS) For the quarter ending Jun-23, Sales up 77% YoY from INR 36.5 Cr to INR 64.7
Cr. Over the same period, Net Profit up 8x from INR 0.3 Cr to INR 2.3 Cr.
• MCap of INR 203 Crore (share price = INR 136/ share); TTM PE 29x (as on 8th Aug ‘23)
Lehar 60 80 100 91 89 81 81 76 95 126 132 141
SANGHVI MOVERS LIMITED

Over the same period, Net Profit up 3x from INR 14 Cr to INR 42 Cr.
• MCap of INR 3,000 Crore (share price = INR 693/ share); TTM PE 21.6x (as on 8th Aug ‘23)
Sanghv 255 225 224 314 324 333 362 352 387 444 481 635
NITTA GELATIN LIMITED

(EXCELLENT RESULTS) For the quarter ending Jun-23, Sales down 4% YoY from INR 134 Cr to INR 128
Cr. Over the same period, Net Profit up 2.2x from INR 13 Cr to INR 28 Cr. OPM increased drastically from
18% in Mar-23 quarter to 30% in Jun-23.
• MCap of INR 817 Crore (share price = INR 900/ share); TTM PE 9.2x (as on 8th Aug ‘23)
Nitta 493 514 549 683 617 590 655 889 879 833 812 790
INDIA GELATINE & CHEMICALS LIMITED

Over the same period, Net Profit up 3.3x from INR 3 Cr to INR 10 Cr.
India-G 143 174 160 181 227 201 242 274 286 307 350 346
KPT INDUSTRIES LIMITED

(EXCELLENT RESULTS) For the quarter ending Jun-23, Sales up 16% YoY from INR 32.5 Cr to INR 37.8
Cr. Over the same period, Net Profit up 63% from INR 1.6 Cr to INR 2.6 Cr.
KPT 155 191 199 217 211 234 297 294 352 294 287 326

8th August 2023
TALBROS AUTOMOTIVE COMPONENTS LIMITED
Over the same period, Net Profit up 42% from INR 12 Cr to INR 17 Cr.
• MCap of INR 1,200 Crore (share price = INR 975/ share); TTM PE 19.6x (as on 8th Aug ‘23)
Talbros 493 473 474 457 568 492 412 409 488 567 744 882
HPL ELECTRIC & POWER LIMITED

(ORDER) Company signed an agreement with West Bengal State Electricity Distribution Company Limited
(WDSEDCL) for Advanced Metering Infrastructure Project funded by World Bank, against which LoI was
received earlier and already informed. This marks HPL Electric’s entry as a direct Advanced Metering
Infrastructure Service Provider (AMISP). This order is going to connect 5 lac consumers in Kolkata and the
gross value of this project is INR. 417 Cr.
• MCap of INR 1,389 Crore (share price = INR 216/ share); TTM PE 46.3x (as on 8th Aug ’23)
HPL 72 71 98 99 100 97 85 85 92 93 131 202

8th August 2023
Sovrenn Macro
India's Services Sector Surges: S&P Global India Services PMI at 62.3
In a surprising turn of events, India's services sector exhibited remarkable resilience, as revealed
by the S&P Global India Services Purchasing Managers’ Index (PMI). July 2023 witnessed an
unexpected surge to 62.3, gracefully rising from June's three-month low of 58.5. This leap surpassed
market predictions of 58, illuminating the sector's strongest expansion in over 13 years.
India Services PMI

70
62.3
60
50
40
30
20
10
0
Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23
The driving forces behind this meteoric rise are the surges in new orders, predominantly stemming
from international sales. The new export business attained a milestone, boasting the most significant
growth since the series' inception in September 2014. Bangladesh, Nepal, Sri Lanka, and the UAE
played key roles in this spectacular feat. Meanwhile, the sector's employment landscape exhibited
a subtle growth, with job creation pacing itself in alignment with the prior two months.
However, this rise wasn't without its complexities. On the pricing front, input cost inflation
experienced an acceleration to a 13-month high. The culprits behind this surge included elevated
costs of food, labour, and transportation. In contrast, efforts to safeguard new business dynamics
contributed to the easing of output cost inflation to a three-month low.
As the services sector unfurled its wings, there emerged a nuanced narrative of sentiment. Business
optimism, which had soared to a six-month pinnacle in June, faltered slightly. This shift was
attributed to concerns revolving around extreme weather conditions, a reminder of the
interconnectedness between economic activities and environmental resilience.
Takeaway: India's services sector has embarked on a remarkable journey of resurgence, defying
expectations and orchestrating a symphony of growth. The upward trajectory, from 58.5 to 62.3,
echoes the sector's adaptability and allure, magnetizing international orders. Yet, amid the
celebration, challenges surface - the duet of inflation, the balancing act of costs, and the delicate
dance of sentiment. This symphonic tale accentuates the sector's vitality and underscores the need
for holistic resilience in the face of evolving economic landscapes.

8th August 2023
th th
Companies declaring results on 8 and 9 August 2023
Sl. No. Name of the Company Date
1 Service Care Ltd 8-Aug-23

2 Ideaforge Technology Ltd 8-Aug-23
3 AccelerateBS India Ltd 8-Aug-23
4 Utkarsh Small Finance Bank Ltd 8-Aug-23
5 NMDC Steel Ltd 8-Aug-23
6 Pritika Engineering Components Ltd 8-Aug-23
7 Radiant Cash Management Services Ltd 8-Aug-23
8 Cyber Media Research & Services Ltd 8-Aug-23
9 Eureka Forbes Ltd 8-Aug-23
10 Vertoz Advertising Ltd 8-Aug-23
11 Silly Monks Entertainment Ltd 8-Aug-23
12 Data Patterns (India) Ltd 8-Aug-23
13 Madras Fertilizers Ltd 8-Aug-23
14 Tembo Global Industries Ltd 8-Aug-23
15 Global Education Ltd 8-Aug-23
16 Windlas Biotech Ltd 8-Aug-23
17 Happiest Minds Technologies Ltd 8-Aug-23
18 Universus Photo Imagings Ltd 8-Aug-23
19 Suven Pharmaceuticals Ltd 8-Aug-23
20 Artemis Medicare Services Ltd 8-Aug-23
21 Prakash Pipes Ltd 8-Aug-23
22 Axita Cotton Ltd 8-Aug-23
23 SMS Lifesciences India Ltd 8-Aug-23
24 Add-Shop E-Retail Ltd 8-Aug-23
25 Ircon International Ltd 8-Aug-23
26 Mishra Dhatu Nigam Ltd 8-Aug-23
27 Shreeji Translogistics Ltd 8-Aug-23
28 Star Cement Ltd 8-Aug-23
29 Shanti Educational Initiatives Ltd 8-Aug-23
30 Sprayking Agro Equipment Ltd 8-Aug-23
31 Infibeam Avenues Ltd 8-Aug-23
32 Simplex Trading & Agencies Ltd 8-Aug-23
33 Presha Metallurgical Ltd 8-Aug-23
34 Parichay Investments Ltd 8-Aug-23
35 Amraworld Agrico Ltd 8-Aug-23
36 Amerise Biosciences Ltd 8-Aug-23
37 Kotia Enterprises Ltd 8-Aug-23
38 Hari Govind International Ltd 8-Aug-23
39 Adcon Capital Services Ltd 8-Aug-23
40 Swojas Energy Foods Ltd 8-Aug-23
41 Navkar Corporation Ltd 8-Aug-23
42 Ultracab (India) Ltd 8-Aug-23
43 Shyam Century Ferrous Ltd 8-Aug-23
44 Decillion Finance Ltd 8-Aug-23
45 Virat Leasing Ltd 8-Aug-23
46 Indra Industries Ltd 8-Aug-23
47 Shivalik Rasayan Ltd 8-Aug-23
48 KPT Industries Ltd 8-Aug-23
49 Neil Industries Ltd 8-Aug-23
50 Scintilla Commercial & Credit Ltd 8-Aug-23
51 Automobile Products of India Ltd 8-Aug-23
52 Varun Mercantile Ltd 8-Aug-23
53 S & S Power Switchgear Ltd 8-Aug-23
54 Sreechem Resins Ltd 8-Aug-23
8th August 2023
55 Talbros Engineering Ltd 8-Aug-23
56 Sri Amarnath Finance Ltd 8-Aug-23
57 Sheshadri Industries Ltd 8-Aug-23
58 Jain Irrigation Systems Ltd-DVR 8-Aug-23
59 Manaksia Steels Ltd 8-Aug-23
60 Naysaa Securities Ltd 8-Aug-23
61 Richirich Inventures Ltd 8-Aug-23
62 Raaj Medisafe India Ltd 8-Aug-23
63 Jackson Investments Ltd 8-Aug-23
64 G D Trading & Agencies Ltd 8-Aug-23
65 Camex Ltd 8-Aug-23
66 Tasty Bite Eatables Ltd 8-Aug-23
67 Eyantra Ventures Ltd 8-Aug-23
68 Pearl Polymers Ltd 8-Aug-23
69 Gratex Industries Ltd 8-Aug-23
70 Tamil Nadu Petro Products Ltd 8-Aug-23
71 Borosil Renewables Ltd 8-Aug-23
72 Brigade Enterprises Ltd 8-Aug-23
73 Hindoostan Mills Ltd 8-Aug-23
74 Gujarat State Financial Corporation 8-Aug-23
75 Danlaw Technologies India Ltd 8-Aug-23
76 Jay Bharat Maruti Ltd 8-Aug-23
77 Balmer Lawrie Investment Ltd 8-Aug-23
78 Vardhman Polytex Ltd 8-Aug-23
79 Machino Plastics Ltd 8-Aug-23
80 Minolta Finance Ltd 8-Aug-23
81 Genesis IBRC India Ltd 8-Aug-23
82 Resonance Specialities Ltd 8-Aug-23
83 Patel Integrated Logistics Ltd 8-Aug-23
84 Medicamen Biotech Ltd 8-Aug-23
85 Jayabharat Credit Ltd 8-Aug-23
86 Hind Rectifiers Ltd 8-Aug-23
87 Golden Carpets Ltd 8-Aug-23
88 Epic Energy Ltd 8-Aug-23
89 B A G Films & Media Ltd 8-Aug-23
90 KMG Milk Food Ltd 8-Aug-23
91 STL Global Ltd 8-Aug-23
92 Step Two Corporation Ltd 8-Aug-23
93 Shree Global Tradefin Ltd 8-Aug-23
94 Pee Cee Cosma Sope Ltd 8-Aug-23
95 National Fertilizer Ltd 8-Aug-23
96 Monotype India Ltd 8-Aug-23
97 Media Matrix Worldwide Ltd 8-Aug-23
98 Jenburkt Pharmaceuticals Ltd 8-Aug-23
99 Sunil Industries Ltd 8-Aug-23
100 Tilaknagar Industries Ltd 8-Aug-23
101 Thacker & Company Ltd 8-Aug-23
102 Talbros Automotive Components Ltd 8-Aug-23
103 Remsons Industries Ltd 8-Aug-23
104 Pritish Nandy Communications Ltd 8-Aug-23
105 Phoenix Mills Ltd 8-Aug-23
106 Mahalaxmi Rubtech Ltd 8-Aug-23
107 Lead Financial Services Ltd 8-Aug-23
108 Kanani Industries Ltd 8-Aug-23
109 Jupiter Industries & Leasing Ltd 8-Aug-23
110 Jain Irrigation Systems Ltd 8-Aug-23
111 HB Estate Developers Ltd 8-Aug-23
112 Gowra Leasing & Finance Ltd 8-Aug-23
113 Gokul Refoils and Solvent Ltd 8-Aug-23

8th August 2023
114 FCS Software Solutions Ltd 8-Aug-23
115 Beeyu Overseas Ltd 8-Aug-23
116 Ashiana Housing Ltd 8-Aug-23
117 Inspirisys Solutions Ltd 8-Aug-23
118 Winsome Textile Industries Ltd 8-Aug-23
119 Tainwala Chemicals & Plastics (India) Ltd 8-Aug-23
120 Stanrose Mafatlal Investment & Finance Ltd 8-Aug-23
121 Natraj Proteins Ltd 8-Aug-23
122 63 Moons Technologies Ltd 8-Aug-23
123 Asian Tea & Exports Ltd 8-Aug-23
124 SVA India Ltd 8-Aug-23
125 Polychem Ltd 8-Aug-23
126 Vascon Engineers Ltd 8-Aug-23
127 Rama Vision Ltd 8-Aug-23
128 NMDC Ltd 8-Aug-23
129 Mayur Uniquoters Ltd 8-Aug-23
130 Jet Airways (India) Ltd 8-Aug-23
131 Dish TV India Ltd 8-Aug-23
132 Black Rose Industries Ltd 8-Aug-23
133 ADC India Communications Ltd 8-Aug-23
134 Oil India Ltd 8-Aug-23
135 J Kumar Infraprojects Ltd 8-Aug-23
136 Hindustan Organic Chemicals Ltd 8-Aug-23
137 Goldiam International Ltd 8-Aug-23
138 EIH Ltd 8-Aug-23
139 Blue Coast Hotels Ltd 8-Aug-23
140 Vinyl Chemicals (I) Ltd 8-Aug-23
141 Vintage Securities Ltd 8-Aug-23
142 TPL Plastech Ltd 8-Aug-23
143 Suven Life Sciences Ltd 8-Aug-23
144 Subros Ltd 8-Aug-23
145 Subex Ltd 8-Aug-23
146 SMS Pharmaceuticals Ltd 8-Aug-23
147 Shelter Infra Projects Ltd 8-Aug-23
148 Shaily Engineering Plastics Ltd 8-Aug-23
149 RTCL Ltd 8-Aug-23
150 Religare Enterprises Ltd 8-Aug-23
151 Raghunath International Ltd 8-Aug-23
152 Prime Urban Development India Ltd 8-Aug-23
153 Prime Securities Ltd 8-Aug-23
154 Prestige Estates Projects Ltd 8-Aug-23
155 Polylink Polymers (India) Ltd 8-Aug-23
156 Nirlon Ltd 8-Aug-23
157 Lloyds Metals & Energy Ltd 8-Aug-23
158 JSL Industries Ltd 8-Aug-23
159 Jindal Hotels Ltd 8-Aug-23
160 Jetking Infotrain Ltd 8-Aug-23
161 J D Orgochem Ltd 8-Aug-23
162 India Tourism Development Corporation Ltd 8-Aug-23
163 Hindalco Industries Ltd 8-Aug-23
164 Hikal Ltd 8-Aug-23
165 Hester Biosciences Ltd 8-Aug-23
166 HB Stockholdings Ltd 8-Aug-23
167 Gujarat State Fertilizers & Chemicals Ltd 8-Aug-23
168 Gujarat Alkalies & Chemicals Ltd 8-Aug-23
169 Glance Finance Ltd 8-Aug-23
170 G G Dandekar Machine Works Ltd 8-Aug-23
171 EPL Ltd 8-Aug-23
172 Elcid Investments Ltd 8-Aug-23

8th August 2023
173 Dhampur Sugar Mills Ltd 8-Aug-23
174 Coal India Ltd 8-Aug-23
175 Century Enka Ltd 8-Aug-23
176 Birla Corporation Ltd 8-Aug-23
177 Ahmedabad Steelcraft Ltd 8-Aug-23
178 Multibase India Ltd 8-Aug-23
179 Muller & Phipps (India) Ltd 8-Aug-23
180 MT Educare Ltd 8-Aug-23
181 National Peroxide Ltd 8-Aug-23
182 Aarti Industries Ltd 8-Aug-23
183 Twin Roses Trades & Agencies Ltd 8-Aug-23
184 Transpek Industry Ltd 8-Aug-23
185 Sudarshan Chemical Industries Ltd 8-Aug-23
186 Siemens Ltd 8-Aug-23
187 Tilak Ventures Ltd 8-Aug-23
188 Mangalam Cement Ltd 8-Aug-23
189 Kinetic Trust Ltd 8-Aug-23
190 Kanoria Chemicals & Industries Ltd 8-Aug-23
191 Hindusthan National Glass & Industries Ltd 8-Aug-23
192 Essar Shipping Ltd 8-Aug-23
193 Dhunseri Ventures Ltd 8-Aug-23
194 Deepak Spinners Ltd 8-Aug-23
195 Chambal Fertilisers & Chemicals Ltd 8-Aug-23
196 Linde India Ltd 8-Aug-23
197 Ashish Polyplast Ltd 8-Aug-23
198 Ashika Credit Capital Ltd 8-Aug-23
199 APM Industries Ltd 8-Aug-23
200 GE T&D India Ltd 8-Aug-23
201 Alna Trading & Exports Ltd 8-Aug-23
202 Adani Ports & Special Economic Zone Ltd 8-Aug-23
203 Robust Hotels Ltd 9-Aug-23
204 Divgi Torqtransfer Systems Ltd 9-Aug-23
205 Sula Vineyards Ltd 9-Aug-23
206 Dreamfolks Services Ltd 9-Aug-23
207 Veranda Learning Solutions Ltd 9-Aug-23
208 GMR Power & Urban Infra Ltd 9-Aug-23
209 Mangalam Global Enterprise Ltd 9-Aug-23
210 GKW Ltd 9-Aug-23
211 Rudrabhishek Enterprises Ltd 9-Aug-23
212 Lakshmi Finance & Industrial Corporation Ltd 9-Aug-23
213 Kothari Petrochemicals Ltd 9-Aug-23
214 BSE Ltd 9-Aug-23
215 Vijaya Diagnostic Centre Ltd 9-Aug-23
216 Kumbhat Financial Services Ltd 9-Aug-23
217 SMC Global Securities Ltd 9-Aug-23
218 Kalyan Jewellers India Ltd 9-Aug-23
219 Likhitha Infrastructure Ltd 9-Aug-23
220 Regis Industries Ltd 9-Aug-23
221 Indian Railway Catering & Tourism Corporation Ltd 9-Aug-23
222 Hi-Klass Trading & Investment Ltd 9-Aug-23
223 Synergy Green Industries Ltd 9-Aug-23
224 Varroc Engineering Ltd 9-Aug-23
225 Bharat Parenterals Ltd 9-Aug-23
226 Chandrima Mercantiles Ltd 9-Aug-23
227 Sandhar Technologies Limited 9-Aug-23
228 Matrimony.com Ltd 9-Aug-23
229 KIOCL Ltd 9-Aug-23
230 Dishman Carbogen Amcis Ltd 9-Aug-23
231 Classic Leasing & Finance Ltd 9-Aug-23

8th August 2023
232 Suncare Traders Ltd 9-Aug-23
233 Leading Leasing Finance & Investment Company Ltd 9-Aug-23
234 Karma Energy Ltd 9-Aug-23
235 Shankara Building Products Ltd 9-Aug-23
236 Bridge Securities Ltd 9-Aug-23
237 Osiajee Texfab Ltd 9-Aug-23
238 HPL Electric & Power Ltd 9-Aug-23
239 AMS Polymers Ltd 9-Aug-23
240 BLS International Services Ltd 9-Aug-23
241 Valiant Organics Ltd 9-Aug-23
242 Deep Diamond India Ltd 9-Aug-23
243 Lucent Industries Ltd 9-Aug-23
244 Emami Paper Mills Ltd 9-Aug-23
245 Ganesh Holdings Ltd 9-Aug-23
246 Power Mech Projects Ltd 9-Aug-23
247 Coral Newsprints Ltd 9-Aug-23
248 Hind Commerce Ltd 9-Aug-23
249 Terraform Magnum Ltd 9-Aug-23
250 Sar Auto Products Ltd 9-Aug-23
251 Relson India Ltd 9-Aug-23
252 Dhabriya Polywood Ltd 9-Aug-23
253 S I Capital & Financial Services Ltd 9-Aug-23
254 Asutosh Enterprises Ltd 9-Aug-23
255 Bengal Steel Industries Ltd 9-Aug-23
256 Rajputana Investment & Finance Ltd 9-Aug-23
257 Terraform Realstate Ltd 9-Aug-23
258 Gujarat Investa Ltd 9-Aug-23
259 TECIL Chemical & Hydro Power Ltd 9-Aug-23
260 Tivoli Construction Ltd 9-Aug-23
261 Ovobel Foods Ltd 9-Aug-23
262 Sofcom Systems Ltd 9-Aug-23
263 Niyogin Fintech Ltd 9-Aug-23
264 Dhunseri Tea & Industries Ltd 9-Aug-23
265 Univa Foods Ltd 9-Aug-23
266 Bansal Roofing Products Ltd 9-Aug-23
267 RKD Agri & Retail Ltd 9-Aug-23
268 Quasar India Ltd 9-Aug-23
269 Facor Alloys Ltd 9-Aug-23
270 Mega Fin (India) Ltd 9-Aug-23
271 Rungta Irrigation Ltd 9-Aug-23
272 Abbott India Ltd 9-Aug-23
273 Priya Ltd 9-Aug-23
274 Gujchem Distillers India Ltd 9-Aug-23
275 GTL Infrastructure Ltd 9-Aug-23
276 Pennar Industries Ltd 9-Aug-23
277 Bright Brothers Ltd 9-Aug-23
278 Trimurthi Ltd 9-Aug-23
279 Electrosteel Castings Ltd 9-Aug-23
280 Rushil Decor Ltd 9-Aug-23
281 Manali Petrochemicals Ltd 9-Aug-23
282 Granules India Ltd 9-Aug-23
283 Uniphos Enterprises Ltd 9-Aug-23
284 Apollo Finvest (India) Ltd 9-Aug-23
285 Bata India Ltd 9-Aug-23
286 Agarwal Fortune India Ltd 9-Aug-23
287 Lakhotia Polyesters (India) Ltd 9-Aug-23
288 Sashwat Technocrats Ltd 9-Aug-23
289 Dhenu Buildcon Infra Ltd 9-Aug-23
290 Vadilal Industries Ltd 9-Aug-23

8th August 2023
291 Ramsons Projects Ltd 9-Aug-23
292 NCL Research and Financial Services Ltd 9-Aug-23
293 HCP Plastene Bulkpack Ltd 9-Aug-23
294 Wires & Fabriks (S.A) Ltd 9-Aug-23
295 Systematix Corporate Services Ltd 9-Aug-23
296 Sunteck Realty Ltd 9-Aug-23
297 Rathi Bars Ltd 9-Aug-23
298 Jindal Poly Films Ltd 9-Aug-23
299 Infronics Systems Ltd 9-Aug-23
300 HB Portfolio Ltd 9-Aug-23
301 Frontier Springs Ltd 9-Aug-23
302 Elpro International Ltd 9-Aug-23
303 Easy Fincorp Ltd 9-Aug-23
304 BDH Industries Ltd 9-Aug-23
305 Tuticorin Alkali Chemicals & Fertilizers Ltd 9-Aug-23
306 Siddha Ventures Ltd 9-Aug-23
307 Natural Capsules Ltd 9-Aug-23
308 Natco Pharma Ltd 9-Aug-23
309 Dutron Polymers Ltd 9-Aug-23
310 Cineline India Ltd 9-Aug-23
311 Brawn Biotech Ltd 9-Aug-23
312 B.L.Kashyap & Sons Ltd 9-Aug-23
313 Windsor Machines Ltd 9-Aug-23
314 Weizmann Ltd 9-Aug-23
315 Vippy Spinpro Ltd 9-Aug-23
316 Veritas (India) Ltd 9-Aug-23
317 T T Ltd 9-Aug-23
318 Rap Media Ltd 9-Aug-23
319 Pilani Investment & Industries Corporation Ltd 9-Aug-23
320 Pankaj Polymers Ltd 9-Aug-23
321 Max Financial Services Ltd 9-Aug-23
322 Malu Paper Mills Ltd 9-Aug-23
323 Lumax Industries Ltd 9-Aug-23
324 Lords Chloro Alkali Ltd 9-Aug-23
325 Kamadgiri Fashion Ltd 9-Aug-23
326 IOL Chemicals & Pharmaceuticals Ltd 9-Aug-23
327 Inventure Growth & Securities Ltd 9-Aug-23
328 Hinduja Global Solutions Ltd 9-Aug-23
329 HB Leasing & Finance Co Ltd 9-Aug-23
330 GFL Ltd 9-Aug-23
331 U. Y. Fincorp Ltd 9-Aug-23
332 Genus Prime Infra Ltd 9-Aug-23
333 DCM Financial Services Ltd 9-Aug-23
334 Bluechip Tex Industries Ltd 9-Aug-23
335 Bajaj Steel Industries Ltd 9-Aug-23
336 Trent Ltd 9-Aug-23
337 Sri Lakshmi Saraswathi Textiles (Arni) Ltd 9-Aug-23
338 Repro India Ltd 9-Aug-23
339 Promact Impex Ltd 9-Aug-23
340 PCS Technology Ltd 9-Aug-23
341 Padam Cotton Yarns Ltd 9-Aug-23
342 Pressman Advertising Ltd 9-Aug-23
343 Nahar Spinning Mills Ltd 9-Aug-23
344 Nahar Polyfilms Ltd 9-Aug-23
345 Nahar Capital & Financial Services Ltd 9-Aug-23
346 Uno Minda Ltd 9-Aug-23
347 Kreon Finnancial Services Ltd 9-Aug-23
348 Indo-City Infotech Ltd 9-Aug-23
349 Igarashi Motors India Ltd 9-Aug-23

8th August 2023
350 Ausom Enterprise Ltd 9-Aug-23
351 SJVN Ltd 9-Aug-23
352 Ratnamani Metals & Tubes Ltd 9-Aug-23
353 Mukat Pipes Ltd 9-Aug-23
354 Indowind Energy Ltd 9-Aug-23
355 Gandhi Special Tubes Ltd 9-Aug-23
356 Citadel Realty & Developers Ltd 9-Aug-23
357 Systematix Securities Ltd 9-Aug-23
358 Jayatma Industries Ltd 9-Aug-23
359 Rajapalayam Mills Ltd 9-Aug-23
360 Pokarna Ltd 9-Aug-23
361 Bharat Forge Ltd 9-Aug-23
362 Zee Entertainment Enterprises Ltd 9-Aug-23
363 Shantai Industries Ltd 9-Aug-23
364 Sea TV Network Ltd 9-Aug-23
365 Majestic Auto Ltd 9-Aug-23
366 Dynamatic Technologies Ltd 9-Aug-23
367 V-Mart Retail Ltd 9-Aug-23
368 CARE Ratings Ltd 9-Aug-23
369 Yuken India Ltd 9-Aug-23
370 Walchandnagar Industries Ltd 9-Aug-23
371 Visaka Industries Ltd 9-Aug-23
372 Timex Group India Ltd 9-Aug-23
373 TD Power Systems Ltd 9-Aug-23
374 Tata Power Company Ltd 9-Aug-23
375 Sika Interplant Systems Ltd 9-Aug-23
376 Shikhar Leasing & Trading Ltd 9-Aug-23
377 Schneider Electric Infrastructure Ltd 9-Aug-23
378 Samkrg Pistons & Rings Ltd 9-Aug-23
379 Safari Industries (India) Ltd 9-Aug-23
380 Reliance Power Ltd 9-Aug-23
381 Ram Ratna Wires Ltd 9-Aug-23
382 P I Industries Ltd 9-Aug-23
383 Yogi Ltd 9-Aug-23
384 Lerthai Finance Ltd 9-Aug-23
385 Lakshmi Automatic Loom Works Ltd 9-Aug-23
386 Krebs Biochemicals & Industries Ltd 9-Aug-23
387 KJMC Financial Services Ltd 9-Aug-23
388 Kesar Terminals & Infrastructure Ltd 9-Aug-23
389 Kaira Can Company Ltd 9-Aug-23
390 Jumbo Bag Ltd 9-Aug-23
391 J J Exporters Ltd 9-Aug-23
392 Ind-Swift Laboratories Ltd 9-Aug-23
393 Hitech Corporation Ltd 9-Aug-23
394 Hindustan Appliances Ltd 9-Aug-23
395 Hexa Tradex Ltd 9-Aug-23
396 Hazoor Multi Projects Ltd 9-Aug-23
397 Hawkins Cookers Ltd 9-Aug-23
398 Gujarat Petrosynthese Ltd 9-Aug-23
399 Garware Marine Industries Ltd 9-Aug-23
400 Force Motors Ltd 9-Aug-23
401 FDC Ltd 9-Aug-23
402 Esaar (India) Ltd 9-Aug-23
403 eClerx Services Ltd 9-Aug-23
404 Daulat Securities Ltd 9-Aug-23
405 Classic Electricals Ltd 9-Aug-23
406 Burnpur Cement Ltd 9-Aug-23
407 Bombay Dyeing & Manufacturing Company Ltd 9-Aug-23
408 Capital India Finance Ltd 9-Aug-23

8th August 2023
409 Berger Paints India Ltd 9-Aug-23
410 Baba Arts Ltd 9-Aug-23
411 ATV Projects India Ltd 9-Aug-23
412 V-Guard Industries Ltd 9-Aug-23
413 Zuari Agro Chemicals Ltd 9-Aug-23
414 RattanIndia Enterprises Ltd 9-Aug-23
415 Transcorp International Ltd 9-Aug-23
416 Thomas Cook (India) Ltd 9-Aug-23
417 TajGVK Hotels & Resorts Ltd 9-Aug-23
418 Orient Paper & Industries Ltd 9-Aug-23
419 Manaksia Ltd 9-Aug-23
420 Kedia Construction Company Ltd 9-Aug-23
421 J B Chemicals & Pharmaceuticals Ltd 9-Aug-23
422 Indo Rama Synthetics (India) Ltd 9-Aug-23
423 India Home Loans Ltd 9-Aug-23
424 Gujarat Pipavav Port Ltd 9-Aug-23
425 Frontier Capital Ltd 9-Aug-23
426 Fedders Electric & Engineering Ltd 9-Aug-23
427 EID Parry (India) Ltd 9-Aug-23
428 DMCC Speciality Chemicals Ltd 9-Aug-23
429 Chamanlal Setia Exports Ltd 9-Aug-23
430 BSL Ltd 9-Aug-23
431 Bajaj Consumer Care Ltd 9-Aug-23

8th August 2023
Annexure
PE classification:
Less than 20 Very low
20 – 30 Low
30-50 Moderate
50-70 High
More than 70 Very high
Retail float calculation:

Shareholding percent for resident individuals holding nominal share capital up to INR 2L.
Special Situation:
Special Situation refers to any form of capital raise by the Company – Preferential issuance or allotment
of equity shares, Preferential issuance or allotment of equity warrants, Rights issuance, recently
conducted IPO / FPO or issuance of any debt security like NCDs, commercial papers, etc.
Future Visibility:
Future Visibility refers to a piece of information / event that positively impacts future revenues. Examples:
a large order win by the company, partnership / acquisition, new factory setup, expansion in existing
factory, new stores, launch of a new brand, etc.
Futuristic Sector:
Futuristic Sector refers to those sectors where high growth is expected. Examples: Green Energy (solar,
wind, etc.), Electric Vehicle, Railways (through railways modernization), Defence (through increasing self-
reliance), New-Age IT (Cloud, AI, ML, big data), 5G, Electrification, etc.


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Sovrenn Times 8 Aug 2023

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Author: Sovrenn Financial Technologies Pvt. Ltd.

8th August 2023

Aditya Joshi, Co-founder and CEO

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 2

Futuristic Sector No Telematics Control Unit – 2G

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 3

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 4

Company Type Seasonal

May ‘23: Company looking forward to introducing new product for

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 5

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 6

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 7

Share price and Volume (last 1 year):

(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

This page is created for information purpose. It is not a BUY/SELL recommendation. 8

Jul ‘23: Genus has incorporated a wholly owned subsidiary named

Jul ‘23: Company incorporated a Wholly owned step-down

Jul ‘23: Company announced the signing of definitive agreements

Jun ‘23: Company incorporated a subsidiary by the name Gemstar

Mar ‘23: Incorporation of a Wholly Owned Subsidiary by the name

Mar ‘23: Incorporation of Step-down subsidiary company by the

This page is created for information purpose. It is not a BUY/SELL recommendation. 9

Feb ‘23: Incorporation of a step-down subsidiary company, by the

Jan ‘23: Company won an order worth INR 2,855 Cr.

Nov ‘22: Company approved evaluation of options for expansion of

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 10

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 11

Jan ‘23: Jupiter Electric Mobility, subsidiary of the company launched

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 12

Share price and Volume (last 1 year):

(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23

Company Type Evergreen

Jul ‘23: Company commenced commercial production at its new

Mar ‘23: Launch of flavoured drinks in the states of West Bengal,

Jan ‘23: Commencement of a new manufacturing unit in Siliguri,

LT OP = Long-term operating profit; ST OP = Short-term operating profit

Share price and Volume (last 1 year):

(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 TTM

Jun ‘23: Ss Corporate Securities bought 1.1L shares at INR 175/share,

Special Situation Yes IPO in Jun ‘23

Jul ‘23: Company received the contract for procurement of spares of

Part of IPO funds to be used towards purchase of machinery and

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 16

LEHAR FOOTWEARS LIMITED

SANGHVI MOVERS LIMITED

NITTA GELATIN LIMITED

INDIA GELATINE & CHEMICALS LIMITED

KPT INDUSTRIES LIMITED

This page is created for information purpose. It is not a BUY/SELL recommendation. 17

HPL ELECTRIC & POWER LIMITED

This page is created for information purpose. It is not a BUY/SELL recommendation. 18

India Services PMI

This page is created for information purpose. It is not a BUY/SELL recommendation. 19

1 Service Care Ltd 8-Aug-23