Bull Stock chart

Shares of Artson Engineering jumped up to 2% on Tuesday after the company posted its results for the September quarter. 



What Happened: The company on Monday evening reported its revenue from operations at ₹30.11 crore in the September quarter an 11% slump from the ₹34.06 revenue it booked in the same quarter last year. Profits, on the other hand, saw a jump going up to ₹3.2 crore, around a 211% increase from the ₹1.03 crore booked in the June quarter of 2023. The company had reported a loss of ₹6.66 crore in the September quarter of 2022. 



See Also: <a href="https://in.benzinga.com/content/35279792/micro-cap-stock-jumps-5-after-winning-5-6-cr-orders-from-railways">Micro Cap Stock Jumps 5% After Winning ₹5.6-Cr Orders From Railways</a>



The company had a deferred tax/ tax credit of ₹2.32 crore for this quarter. EBITDA for the July-September period stood at ₹3.6 crore with an EBITDA margin of 12.11%. Earnings per share for the quarter stood at ₹0.87.



The micro-cap stock last month had announced <a href="https://in.benzinga.com/content/34264567/why-this-micro-cap-tata-stock-is-at-upper-circuit-today">securing a new order from Tata Projects</a>. This order, valued at ₹25.19 crore, is for the fabrication of structures required for the AMNS Project. The company is a subsidiary of Tata Projects, which holds a 75% stake. 



Price Action: Artson Engineering&#8217;s share price was locked in 2% upper circuit in early trade on Tuesday.



Read Next: <a href="https://in.benzinga.com/content/35279531/why-this-mukul-agrawal-backed-small-cap-stock-is-skyrocketing-over-7-2-today" target="_blank" rel="noreferrer noopener">Why This Mukul Agrawal-Backed Small Cap Stock Is Skyrocketing Over 7.2% Today</a>

Earnings

Equities

News

Markets

Movers

Trading Ideas

Shares of Artson Engineering jumped up to 2% on Tuesday after the company posted its results for the September quarter. 

Micro Cap Tata Stock Hits Upper Circuit As Profits Jump 211% 

Utkarsh Roshan

Artson Engineering

Tata Group

Tata Projects

Micro Cap Tata Stock Hits Upper Circuit As Profits Jump 211%

Stock Movers

Latest Earnings

Artificial Intelligence

Technology

Government

Benzinga Inspire

cash recap

In a day of volatile trading, Eicher Motors Ltd emerged as the top performer on the NIFTY 50 index with a 7.43% increase in its share price, closing at ₹4,180.35.



Following closely, Adani Enterprises Ltd saw a significant hike of 7.13%, ending the day at ₹2,531.20. Adani Ports and Special Economic Zone Ltd also had an impressive run, with a 6.14% increase, taking the stock price up to ₹878.65.



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Eicher Motors Ltd</td><td>₹4180.35</td><td>₹3891.2</td><td>7.43%</td></tr><tr><td>Adani Enterprises Ltd</td><td>₹2531.2</td><td>₹2362.7</td><td>7.13%</td></tr><tr><td>Adani Ports and Special Economic Zone Ltd</td><td>₹878.65</td><td>₹827.8</td><td>6.14%</td></tr><tr><td>Bharat Petroleum Corporation Ltd</td><td>₹461.5</td><td>₹438.0</td><td>5.37%</td></tr><tr><td>ICICI Bank Ltd</td><td>₹991.2</td><td>₹946.7</td><td>4.7%</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Life Insurance Corporation of India</td><td>₹674.95</td><td>₹682.15</td><td>-1.06%</td></tr><tr><td>Britannia Industries Ltd</td><td>₹4937.75</td><td>₹4970.75</td><td>-0.66%</td></tr><tr><td>Wipro Ltd</td><td>₹407.45</td><td>₹407.65</td><td>-0.05%</td></tr><tr><td>Titan Company Ltd</td><td>₹3488.4</td><td>₹3489.5</td><td>-0.03%</td></tr><tr><td>Sun Pharmaceutical Industries Ltd</td><td>₹1231.15</td><td>₹1231.25</td><td>-0.01%</td></tr></tbody></table></figure>



Bharat Petroleum Corporation, one of India&#8217;s leading state-owned oil companies, also posted positive results, with its shares rising by 5.37% to ₹461.50. Lastly, ICICI Bank shares increased by 4.70%, closing at ₹991.20, marking a strong day for the banking giant.



On the other end of the spectrum, the stocks that didn&#8217;t fare as well include Life Insurance Corporation of India, which saw a 1.06% drop, ending the trading day at ₹674.95. Britannia Industries, the popular food-products corporation, also experienced a slight dip of 0.66%, with the closing price at ₹4937.75.



Wipro, a leading player in the IT sector, saw a marginal drop in its share price by 0.05%, closing at ₹407.45. Titan Company also saw a minor decrease of 0.03% in its share price, finishing the day at ₹3488.40.



Finally, the shares of Sun Pharmaceutical Industries Ltd remained almost unchanged, with a negligible drop of 0.008%, closing at ₹1231.15.



Nifty ended at a fresh record high on December 4 closing above 20,650. At close, Nifty was up 2.07% or 418.9 points at 20,686.8. &#8220;Nifty witnessed hefty gains on Monday against the backdrop of the ruling BJP winning three state assembly elections on Dec. 3. After opening with a massive upside gap of 334 points, the market continued its upside momentum for the whole session on Monday,&#8221; said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.



Read Next: <a href="https://in.benzinga.com/content/36063961/nomura-initiates-coverage-on-this-rekha-jhunjhunwala-backed-midcap-stock-seeing-25-upside" target="_blank" rel="noreferrer noopener">Nomura Initiates Coverage On This Rekha Jhunjhunwala-Backed Midcap Stock Seeing 25% Upside</a>

Adani Enterprises Ltd saw a significant hike of 7.13%, ending the day at ₹2,531.20. Adani Ports and Special Economic Zone Ltd also had an impressive run, with a 6.14% increase, taking the stock price up to ₹878.65.

Nifty 50 Gainers: Adani Group Stocks Shine As Markets Hit Record Highs

Tech in Sports

Sports

Exclusives

Interview

General

But, till now most of these technological leaps have not been able to reach the grassroots level. However, one Indian startup is trying to change that. Footrax Is developing wearable devices And providing innovative technology solutions for aspiring young talents. 

Virat Kohli, Glen Maxwell, Other Athletes Use This Tech, Now An Indian Startup Is Bringing It To The Grassroots

Stock market analysts

Monday&#8217;s trading session on the NSE saw a lively performance from the NIFTY 500 index. Gujarat State Fertilizers &amp; Chemicals Ltd. emerged as the top gainer with a surge of over 11%, while Hindustan Petroleum Corporation Ltd. followed closely with a rise of nearly 9%.



Gujarat State Fertilizers &amp; Chemicals Ltd. closed at ₹215.3, reflecting an impressive increase from its last close at ₹193.7. Meanwhile, Hindustan Petroleum Corporation Ltd. traded at ₹376.5, up from its previous close of ₹345.55.



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Gujarat State Fertilizers &amp; Chemicals Ltd.</td><td>₹215.3</td><td>₹193.7</td><td>11.15%</td></tr><tr><td>Cyient Ltd.</td><td>₹2189.15</td><td>₹1998.45</td><td>9.54%</td></tr><tr><td>Adani Green Energy Ltd.</td><td>₹1123.75</td><td>₹1026.5</td><td>9.47%</td></tr><tr><td>Central Bank of India</td><td>₹48.3</td><td>₹44.3</td><td>9.03%</td></tr><tr><td>Hindustan Petroleum Corporation Ltd.</td><td>₹376.5</td><td>₹345.55</td><td>8.96%</td></tr></tbody></table></figure>



<figure class="wp-block-table"><table><thead><tr><th>Stock</th><th>Current Price</th><th>Last Close</th><th>% Change</th></tr></thead><tbody><tr><td>Whirlpool of India Ltd.</td><td>₹1321.05</td><td>₹1416.0</td><td>-6.71%</td></tr><tr><td>KNR Constructions Ltd.</td><td>₹269.85</td><td>₹285.6</td><td>-5.51%</td></tr><tr><td>Zee Entertainment Enterprises Ltd.</td><td>₹255.9</td><td>₹266.55</td><td>-4.0%</td></tr><tr><td>Delta Corp Ltd.</td><td>₹140.45</td><td>₹145.95</td><td>-3.77%</td></tr><tr><td>Bikaji Foods International Ltd.</td><td>₹537.75</td><td>₹553.85</td><td>-2.91%</td></tr></tbody></table></figure>



Other performers making it to the top five included the Central Bank of India, Adani Green Energy Ltd., and Cyient Ltd. Central Bank of India saw a solid 9% increase, closing at ₹48.3. Adani Green Energy Ltd. and Cyient Ltd. weren&#8217;t far behind, registering gains of 9.47% and 9.54% respectively. Adani Green Energy Ltd. ended the day at ₹1,123.75, while Cyient Ltd. closed at ₹2,189.15.



On the flip side, the index saw some laggards as well. Whirlpool of India Ltd. took the hardest hit, declining by almost 6.71% to close at ₹1321.05. KNR Constructions Ltd. lost over 5.51% of its value, ending the day at ₹269.85. Zee Entertainment Enterprises Ltd., Delta Corp Ltd., and Bikaji Foods International Ltd. also saw significant drops in their stock prices, recording losses of 3.99%, 3.77%, and 2.91% respectively.



Overall, while the top performers like Gujarat State Fertilizers &amp; Chemicals Ltd. and Hindustan Petroleum Corporation Ltd. brought cheer to investors, the underperformers led by Whirlpool of India Ltd. reminded the market of its inherent volatility. As the trading week continues, all eyes will be on these stocks and how they fare in the coming days.



See Also: <a href="https://in.benzinga.com/content/36064242/mukul-agrawal-backed-small-cap-stock-jumps-4-after-bagging-380-cr-order" target="_blank" rel="noreferrer noopener">Mukul Agrawal -Backed Small Cap Stock Jumps 4% After Bagging ₹380 Cr Order</a>



<div style="font-family: 'Lato', sans-serif">
 <div>
 <hr style="border: 0;height: 5px;background: #225aa9">
 <div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>
 
 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/author/utkarsh-roshan" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Utkarsh Roshan</a>
 
 
 <hr style="border: 0;height: 1px;background: #225aa9">
 
 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
 <hr style="border: 0;height: 5px;background: #225aa9">
 </div>
</div>

Monday&#39;s trading session on the NSE saw a lively performance from the NIFTY 500 index. Gujarat State Fertilizers &amp; Chemicals Ltd. emerged as the top gainer with a surge of over 11%, while Hindustan Petroleum Corporation Ltd. followed closely with a rise of nearly 9%.

PSU Stocks Takes Spots In Nifty 500 Gainers Today

Symbol,OSDtocks Photo by Gsign76 on Shutterstock f,Trading,On,The,Stock,Market,Is,On,The

Shares of J Kumar Infraprojects jumped back in the green on Monday morning after the company announced bagging the massive contract. 



What Happened: On Monday, J Kumar Infraprojects said that it secured a construction order valued at Rs 378.7 crore. The project involves the design and construction of a flyover, specifically addressing the &#8220;Missing Links&#8221; from Link Road, Andheri (West) to Poonam Nagar (JVLR), adjacent to the alignment of Metro Line &#8211; 6 of the Mumbai Metro Rail Project, as per Mumbai Metropolitan Region Development Authority (MMRDA) specifications. The company conveyed this information in a filing to the Bombay Stock Exchange (BSE).



See Also: <a href="https://in.benzinga.com/content/36063488/this-small-cap-stock-has-surged-118-this-year-analyst-sees-further-38-rally">This Small Cap Stock Has Surged 118% This Year, Analyst Sees Further 38% Rally</a>



The newly secured project is expected to be completed within a timeframe of 30 months, according to the filing. The stock surged up sharply as soon as the announcement was made at around 10:00 am. The stock surged up over 4% to hit an intraday high of ₹444.



With a market cap of around ₹3,000 crore, the small-cap stock specialises in urban infrastructure projects, including the construction of metros, flyovers, and bridges, J Kumar Infraprojects Ltd focuses on engineering, procurement, and construction projects. 



Earlier in October this year, the Mukul Agrawal-backed stock had bagged a ₹500 crore order for the development<a href="https://in.benzinga.com/content/35280539/mukul-agrawal-backed-small-cap-stock-hits-52-week-high-after-509-cr-order-win"> of Command Hospital in Lucknow</a>. Agrawal owns a 2.64% stake in the company.



Price Action: Shares of J. Kumar Infra were up 2.30% to trade at ₹436.45 in early trade on Monday.



Read Next: <a href="https://in.benzinga.com/content/36063591/can-you-change-your-stock-broker-check-out-steps-things-to-keep-in-mind" target="_blank" rel="noreferrer noopener">Can You Change Your Stock Broker? Check Out Steps, Things To Keep In Mind</a>

Contracts

Shares of J Kumar Infraprojects jumped back in the green on Monday morning after the company announced bagging the massive contract. 

Mukul Agrawal-Backed Small Cap Stock Jumps 4% After Bagging ₹380 Cr Order

Market.Up.Shutterstock

Federal Bank&#8217;s shares are climbing today, following Nomura&#8217;s initiation of coverage with a &#8216;buy&#8217; rating and a target price of 190, signalling a potential 25% upside from the current level. 



What does the analyst say? Nomura highlights the bank&#8217;s strategic shift towards unsecured loans and increased focus on trust and fees as key growth drivers. They project a 19% loan growth from FY24 to FY26, along with a 22% rise in pre-provision operating profit (PPOP) and a 17% compound annual growth rate (CAGR) in profit after tax (PAT) over the same period. 



According to Nomura, Federal Bank&#8217;s current valuations are attractive, making it a top pick in the mid-cap banking sector. This endorsement has boosted Federal Bank&#8217;s performance in the market today.



See also: <a href="https://in.benzinga.com/content/36063591/can-you-change-your-stock-broker-check-out-steps-things-to-keep-in-mind">Can You Change Your Stock Broker? Check Out Steps, Things To Keep In Mind</a>



Nomura believes that Federal Bank&#8217;s stock will face a critical period of observation in the near term due to the upcoming departure of managing director &amp; CEO Shyam Srinivasan in September 2024. Srinivasan has led the bank since 2010. Nomura also expresses confidence in the bank&#8217;s second-level management to handle the transition effectively. 



The brokerage values Federal Bank at 1.2 times its December-2025 Price-to-Book-Value, attributing a contribution of ₹8 per share from its subsidiaries.



Price Action: Federal Bank shares were trading 3.46% higher at ₹153.90 on Monday afternoon, roughly an hour before market close.&nbsp;



Read next: <a href="https://in.benzinga.com/content/36063678/67-year-old-man-falls-prey-to-4-5-lakh-irctc-helpline-scam">67-Year-Old Man Falls Prey To ₹4.5 Lakh IRCTC Helpline Scam</a>

Price Target

Initiation

Analyst Ratings

The brokerage values Federal Bank at 1.2 times its December-2025 Price-to-Book-Value, attributing a contribution of 8 per share from its subsidiaries.

Nomura Initiates Coverage On This Rekha Jhunjhunwala-Backed Midcap Stock Seeing 25% Upside

Crypto scam

A retired government employee lost ₹4.5 lakh to a scam involving a fraudulent Indian Railway Catering and Tourism Corporation (IRCTC) helpline.