Sudden Volume Spike in Bajaj Hindusthan Sugar:-
About the surge in stock prices due to the massive volume. About Bajaj Hindst Sugar company, in which suddenly a huge volume came and you will see that this volume activity started only after 2:30 pm and after this we have seen a tremendous increase in the volume of the company. Along with this, we will also discuss what the company can do in the future? What are the fundamentals of the company and look at the recent times when the company has generated such a great volume.
Orders Flooding In: A Sign of Accumulation?:-
Now what kind of increase is going to happen in the company’s prices due to this volume. Here you can see the volume update, orders for 22000 shares are being placed continuously and we are seeing a great increase in the company’s shares. Two Mentals the company is not a very big company. This company has a market cap of only Rs 366 crore. The ROCE of this company is positive but ROE is negative but that negative is also very high and the ROE which is also positive here is very low i.e. the figure is not good. The book value is 33.
Company Profile: Not a Market Giant Yet:-
However, the stock price is not that high. Let us take you all to the fundamentals of this company. The company has a market cap of Rs 3000 crore. This company’s ROCE here is equal to 0.71. This figure is also not good. Whereas ROE is negative and this figure is negative around 2%. The book value of the company is around ₹34.
Fundamentals – Mixed Signals:-
However, if prices are trading below that then it is a good thing. At the same time, if we see that the PE ratio is zero, then friends, it is not a good thing that the PE ratio of the company is zero. Face Value One Company’s 1 year high is Rs 46, 1 year low is Rs 16.50 and the company is trading somewhere in between there.
5-Year Return Surprises:-
If we look at the company in terms of returns, in the last 5 years the company has given a return of almost 500% and recently the volume has started coming at a rapid pace. This volume could be a sign of some big, significant uptrend. The promoters have consistently maintained their position for the last 1 year. Similarly, domestic institutions and foreign institutions are also taking care of their goods. The public’s holdings are increasing. This is not a very good thing and if we look at it, this is a company from the sugar sector and is not a part of any major index. So, that means it is not a very big company. But if we look at the financials of the company, try to look at its quarterly results.
Ownership Breakdown:-
So, currently the company has not announced the results. But if we look at the last three-four quarters, the figures seem to be improving slightly. The profit of the company is negative. That means 102, here all the figures are in crores. The company is incurring a loss of Rs 102 crore every year. So this is not a good thing for the company also. There was a discussion about this company that the lenders to Krishna Bajaj Lead Bajaj Hindstan S Sugar are starting the possibility for the company starting into non-performing assets, that is, this company may try to commit a default.
Financial Health Concerns:-
It may fail to arrange ₹276 crore that was due on March 31 and looking at this activity of the company, CARE Ratings had warned that the company may slip into default putting lender led by State Bank of India on notice on their loans outstanding with the company and also downgraded the rating of the company from D rating to sorry BD rating. Earlier, the rating of the company was B plus and the reason for this was that if the company did not pay the outstanding amount of Rs 276 crore, then there was a possibility of default for the company. But recently, a huge volume has come today and looking at that volume, every person, every big investor, every veteran investor is trying some new ideas here.
Technical Resistance at ₹25:-
Recently there is a debate going on at the level of ₹ 25 as to what will the stock of this company do at the level of ₹ 25 ? If it crosses, then what kind of boom takes place will be a thing to be seen. Right now going to discuss this with you all. Let me tell you all about a very amazing feature of money.
Iceberg Orders: The Game Changer for Bulk Buying:-
Assume this is the share of Bajaj Hindst Sugar Company. You want to buy and you want to buy bulk quantity of this company, suppose want to buy 2000 shares of this company or want to buy 20,000 shares. So can do this using the iceberg lag here. Execute this order for Rs 10 lakh at the exchange. After that, let us see what execute rate do we get in this Iceberg Plus facility provided by Dhan here and what will be its speed.