Trends in the market are positive. Nifty has created an equilateral range. The next goal is 25,000.
However, the heavy writing of calls is also taking place on Nifty with a strike of 25,000 because of which a significant resistance level is being created at the strike price.
Other than indices, a stock-specific activity is taking place throughout the market. Some stocks include penny stocks, in which the upper circuit hit.
Within these stocks that are upper circuit, there are a few selected stocks that are bullish on Wednesday’s trading also.
Let us know which stocks can stay positive in the trading session on Wednesday.
Malu Paper Mills
The shares of Malu Paper Mills Ltd rose by 20 percent before closing at Rs 48.80. There are still buyers in the company’s stock, and we could observe a bullish trend in the trading session.
Fiberweb
Fiberweb experienced a strong gain on today market and ended the day at Rs 64.26 after a rise of 20%.
Following Tuesday’s purchases in this stock, the upswing could be sustained on Wednesday too. Buyers are actively buying this stock.
Axita Cotton
On Wednesday, Axita Cotton’s stock was able to hit the upper circuit with a gain of 2.34 percent. It was trading at Rs 27.10.
It was a good day to buy the stock on Wednesday, and buyers may also show interest in it during Wednesday’s session.
The stock could also see a boost on Wednesday.
VMS India
VMS Ind’s stock closed at Rs 64 on Wednesday. The stock could also be in the upward trend on the next day.
The buying sentiments are shaped within it, which may increase its growth further.
Pradeep Phosphates
Paradeep Phosphates shares rose 20 percent on Tuesday’s trading and today on Wednesday their has seen small correction and ended at Rs 92. This stock is expected to rise in the next few days too.
Malu Paper Mills Ltd Stock Performance
| Current Price | ₹ 53.2 |
| 52-wk High | ₹ 69.9 |
| 52-wk Low | ₹ 31.2 |
| 5 Days Return | 29.88% |
| 1 Month Return | 47.97% |
Key Fundamentals Parameters
| Market Cap | ₹ 90.8 Cr. |
| Stock P/E | 101 |
| Book Value | ₹ 3.99 |
| Dividend | 0.00 % |
| ROCE | 9.25 % |
| ROE | 13.7 % |
| Face Value | ₹ 10.0 |
| P/B Value | 13.3 |
| OPM | 6.31 % |
| EPS | ₹ 0.53 |
| Debt | ₹ 131 Cr. |
| Debt to Equity | 19.3 |
Malu Paper Mills Ltd Shareholding Pattern
| Promoters Holding | |
| June 2023 | 69.95% |
| Sept 2023 | 69.95% |
| Dec 2023 | 69.95% |
| Mar 2024 | 69.95% |
| June 2024 | 69.95% |
| Public Holding | |
| June 2023 | 30.06% |
| Sept 2023 | 30.05% |
| Dec 2023 | 30.06% |
| Mar 2024 | 30.05% |
| June 2024 | 30.06% |
Malu Paper Mills Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 226 Cr |
| 2021 | ₹ 170 Cr |
| 2022 | ₹ 212 Cr |
| 2023 | ₹ 234 Cr |
| 2024 | ₹ 275 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 1 Cr |
| 2021 | ₹ -6 Cr |
| 2022 | ₹ -6 Cr |
| 2023 | ₹ -10 Cr |
| 2024 | ₹ 1 Cr |
Conclusion
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience, and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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