Auto Ancillary Stock with 116% Profit Growth and 32.9% DIIs Holding to Keep on Your Radar
India, Aug. 2 -- Quarterly results season usually throws up a few standout names, and this one really deserves a closer look. A company spanning powertrain components, aluminium products, and industrial engineering just posted one of its strongest quarters in a while.
Revenue climbed sharply, profit more than doubled year-on-year, and domestic institutional investors have been steadily building up their holding over the past few quarters. Here's what's actually driving this performance.
Shares of Craftsman Automation Limited, with a market capitalization of around Rs.25,798 crore, closed at Rs.9,864, down nearly 1.82% from the previous close of Rs.10,046.65. It currently trades at a P/E ratio of 37.47.
Strong Revenue and Profit Growth...
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