logo
Small-cap stock under  ₹50 jumps despite sell-off in stock market today; here's why

Small-cap stock under ₹50 jumps despite sell-off in stock market today; here's why

Mint10-07-2025
Small-cap stock Sindhu Trade Links rose over 6% on Thursday's session despite sell-off in stock market today. The Small-cap stock was trading in green following the board of directors of the company approved plan of exploration of opportunities in lithium and rare earth mining.
The company announced in an exchange filing that the board has evaluated and approved to implement a long-term growth strategy centered on critical minerals and metals, building on India's National Critical Mineral Mission and the rising global demand for these resources driven by infrastructure development.
The company will seek potential investment and acquisition opportunities in the sectors of Lithium Mining and rare Earth Element (REE) mining, both domestically and internationally, as well as in the mining of metals like Iron Ore, which are essential for infrastructure development in India and worldwide.
According to the exchange filing, the board also reviewed and approved the pursuit of acquiring mines in Indonesia that come with integrated infrastructure and a solid track record of successful greenfield mines along with related facilities. Additionally, the board discussed the possibility of investing in a solar power project in the future.
Sindhu Trade Links Ltd is a multifaceted company mainly concentrating on logistics and transportation services. The company's subsidiaries operate in various fields, including media, international coal mining, and power generation from biomass.
In the quarterly results for Q4FY25, the company disclosed net sales of ₹ 297.35 crore and a net loss of ₹ 58.98 crore, while in its half-yearly figures for H2FY25, it reported net sales of ₹ 807.46 crore along with a net loss of ₹ 66.45 crore.
For the full fiscal year FY25, the company recorded net sales amounting to ₹ 1,731.10 crore (a 3% increase year-over-year) and a net profit of ₹ 121.59 crore (up 72% year-over-year). Additionally, the company reduced its debt by 63.4 percent, bringing it down to ₹ 372 crore in FY25 compared to FY24.
Sindhu Trade Links share price today opened at ₹ 33.40 apiece on the BSE, the stock an intraday high of ₹ 34.74 per share, and an intraday low of ₹ 31.70 apiece.
According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Sindhu Trade Links share price are trading flat in today's session. However, the stock had witnessed decent traction recently, rallying from ₹ 24 to ₹ 38 before retracing to ₹ 33, thereby giving up around 50% of its recent gains. Overall, the broader uptrend is expected to continue, with immediate support seen around ₹ 30, while resistance lies in the ₹ 35–36 zone.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bank of Baroda Q1FY26 results: Net profit up 1.9%, margins compress
Bank of Baroda Q1FY26 results: Net profit up 1.9%, margins compress

Business Standard

time17 minutes ago

  • Business Standard

Bank of Baroda Q1FY26 results: Net profit up 1.9%, margins compress

Public sector lender Bank of Baroda 's (BoB) net profit rose 1.9 per cent year-on-year (Y-o-Y) to Rs 4,541 crore in the first quarter of financial year 2025-26 (Q1FY26), aided by treasury income amid pressure on net interest margin. Sequentially, the net profit fell from Rs 5,048 crore. Net interest income (NII)—the difference between interest earned and interest expended—fell 1.4 per cent Y-o-Y to Rs 11,435 crore. Net interest margin (NIM) from domestic operations fell to 2.91 per cent in Q1FY26, down from 3.18 per cent in Q1FY25. 'Pressure on NII will continue to be there for the next quarter because the transition matrix, both on the asset and liability side, will fully realign in the next quarter and Q3 onwards. Banks may experience lower or negative growth in NII because the cost of deposits will take a bit more time to realign,' said Debadatta Chand, managing director and CEO, Bank of Baroda. Other income, including fees, commission, and treasury earnings, expanded by 88 per cent to Rs 4,675 crore in Q1FY26 from Rs 2,487 crore a year ago. Treasury gains increased to Rs 2,226 crore in the first quarter, compared to Rs 295 crore during the same period last year. 'RAM (Retail, Agri, and Micro, Medium, and Small Enterprises) was at 62.7 per cent because the growth in the corporate loan book was very low at 4.2 per cent, which is expected to increase in the subsequent quarter. However, the bank plans to grow RAM to 65 per cent in the next two to three years,' Chand said. The bank's domestic deposits expanded by 8.1 per cent Y-o-Y to Rs 12.04 trillion. The share of low-cost deposits—current account and savings account (CASA)—stood at 39.33 per cent in June 2025, down from 40.31 per cent a year ago. Going forward, deposit growth is expected to remain around 9-11 per cent. On the credit front, the guidance for FY26 is 11-13 per cent, said Chand. The asset quality profile improved, with gross non-performing assets (NPAs) declining to 2.28 per cent from 2.88 per cent a year ago. The net NPAs declined to 0.60 per cent from 0.69 per cent in June 2024. The provision coverage ratio (PCR), including those for write-offs, stood at 93.18 per cent in June 2025. The lender's capital adequacy ratio stood at 17.19 per cent, with the common equity tier I (CET-1) at 17.61 per cent. On Friday, the BoB stock closed 1 per cent lower at Rs 243.5 per share on the BSE.

Battle for ownership brews at Sona BLW after Sunjay Kapur's death
Battle for ownership brews at Sona BLW after Sunjay Kapur's death

Business Standard

time17 minutes ago

  • Business Standard

Battle for ownership brews at Sona BLW after Sunjay Kapur's death

In just over a month since auto-components maker Sona BLW's chairman Sunjay Kapur passed away in the UK, trouble seems to be brewing at this Gurgaon-based firm over ownership and control. As news of the trouble hit the markets, the stock tumbled 4.28 per cent on Friday on the BSE. Sunjay Kapur's mother, Rani Kapur, sent a letter to the company board on Thursday alleging that she was 'coerced' into signing documents behind 'locked doors' since her son tragically passed away under 'highly suspicious and unexplained circumstances' in the UK. Requesting the board to defer the annual general meeting (AGM) scheduled for Friday (by at least two weeks to a mutually convenient date), Kapur said she had been completely denied access to her accounts and was left to the 'mercy' of a select few for survival. Business Standard has seen the contents of her letter. However, the company proceeded with the AGM, putting nine items to vote, including the reappointment and appointment of some directors. Vivek Vikram Singh, Shraddha Suri, and Jeffery Mark Overly's reappointments were put to vote, along with the appointment of Priya Sachdev Kapur (wife of Sunjay Kapur). The voting results will be made public within two days. The company issued a statement saying that no documents had been signed or obtained from Rani Kapur by the company following Sunjay Kapur's passing. Claiming that she had been informed by 'well-wishers' about plans to nominate certain directors as representatives of the Kapur family, she added that she had not given any consent or officially nominated any person to join the board of the company or any other Sona Group company after her son's demise. Kapur claimed in her letter that she is the former Chairperson of the company and the wife of the late Surinder Kapur, the founder of Sona Comstar and the Sona Group. 'By virtue of the will dated 30.06.2015, executed by my late husband, I am the sole beneficiary of his estate and accordingly, also a majority shareholder of the Sona Group, including the company,' she said. According to the latest data on Sona BLW's shareholding pattern on stock exchanges, Rani Kapur and the RK Family Trust are a promoter group for the company, and she owns 72 shares in the company. In a statement to the media, the company said, 'Sona Comstar is a public limited company listed on Indian stock exchanges since June 2021, with 71.98 per cent public shareholding and 28.02 per cent held by its corporate promoter, M/s Aureus Investments Private Limited (AIPL).' Following the untimely passing of Sunjay Kapur on 12 June 2025, the Board of Directors unanimously appointed Jeffery Mark Overly as Chairman on 23 June 2025. 'In May 2019, the company received a declaration of significant beneficial ownership identifying Shri Sunjay Kapur as the sole beneficial owner of RK Family Trust, a significant shareholder of AIPL. As per company records, Mrs. Rani Kapur has not been a shareholder of the company at least since 2019,' the company said, adding that Priya Sachdev Kapur was appointed as a Non-Executive Director based on a nomination received from Aureus Investments Private Limited. Her appointment was duly reviewed by the Board's Nomination and Remuneration Committee and approved by the Board of Directors of the company, it added. In her letter, Kapur claimed that documents executed by her under coercion and duress, post her son's demise, at a time of 'mental and emotional vulnerability', are being misused. She said she is in the process of gathering information despite 'huge hurdles', including no access to documents, bank accounts, or the affairs of the group. She added that everything needs to be put on hold until there is a proper understanding of the affairs by the existing, duly constituted, independent board, and nothing should proceed further without discussion with her. The board had issued the AGM notice to all shareholders on 1 July. 'Late on 24 July 2025, an email was received from Mrs. Rani Kapur requesting a deferment of the AGM. Given our respect for Mrs. Kapur, the company sought urgent legal advice from one of India's most reputed law firms regarding the legality of proceeding with the AGM. Based on the legal counsel and the fact that Mrs. Kapur is not a shareholder of the company, the company concluded that it could not defer the AGM,' Sona Comstar said.

Orient Cement Q1 profit rises multi-fold to Rs 205 cr; sales up at Rs 866 cr
Orient Cement Q1 profit rises multi-fold to Rs 205 cr; sales up at Rs 866 cr

News18

time26 minutes ago

  • News18

Orient Cement Q1 profit rises multi-fold to Rs 205 cr; sales up at Rs 866 cr

New Delhi, Jul 25 (PTI) Orient Cement Ltd, now part of billionaire Gautam Adani-led Adani Group, on Friday reported a multi-fold jump in its net profit to Rs 205.37 crore for the first quarter ended June 2025. The company had posted a net profit of Rs 36.71 crore a year ago, according to a regulatory filing by Orient Cement Ltd (OCL), a subsidiary of Ambuja Cements. Its revenue from operations surged 24.44 per cent to Rs 866.47 crore in the June quarter. It was Rs 696.26 crore in the year-ago period. OCL's total expenses grew 12.4 per cent to Rs 724.28 crore in the June quarter. Its total income, which includes other income, climbed 23.7 per cent in the June quarter to Rs 868.64 crore. After an open offer, the total shareholding of Adani Group increased to 72.66 per cent in the company. 'Pursuant to the said acquisition, the company has become a subsidiary of Ambuja Cements Limited with effect from June 18, 2025," it said. Shares of Orient Cement Ltd on Friday settled at Rs 252.90 apiece on BSE, down 1.50 per cent from the previous close. PTI KRH BAL BAL view comments First Published: July 25, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store