There is a selling environment in the stock market on Friday and Nifty has broken the important support level of 25000. Nifty defended its important support level for the last two days but broke the level of 25 thousand on the third day.
Stock-specific action continues in the market during this period. Some penny stocks with good fundamentals are in the eyes of investors. One of them is also a penny stock Taparia Tools Ltd, which is continuously hitting the upper circuit.
Taparia Tools Ltd’s share rose 5 percent to Rs 7.59 on Friday. Friday is the 32nd consecutive day in Taparia Tools, while it is hitting the upper circuit.
There is a continuous growth environment in it and after the upper circuit limit, many investors miss out on buying it.
If we bring Taparia Tools Ltd to the test of fundamental analysis, we see that its book value is Rs 209, which is much more than its price of Rs 7.59. Due to high book value, this stock is in a bullish trend because the company has a lot of assets.
We can understand book value in such a way that if the company has to sell everything and give money to the shareholders, then the value per share will be its book value. In the case of Tapadia Tools, this value is Rs 209.
Apart from this, the company is debt free, due to which there is always a scope in the company that this company can raise funds very quickly for a big project.
Apart from this, many such factors are keeping this company in the eyes of investors. The company has registered a good profit growth of 32.6% CAGR in the last 5 years.
The company’s return on equity (ROE) track record is good. Its ROE in the last three years is 30.0%. The company is also giving good dividends to its investors.
When you put all of these factors together, the company is in the sights of investors. For the last 32 days, investors have been desperate to buy the shares of this company but due to the upper circuit limit of a 5 percent increase, only limited people are buying this stock.
Quick Fact
| Company name | Taparia Tools |
|---|---|
| Nifty support broken | 25000 |
| Stock type | Penny stock |
| Price on Friday | ₹7.59 |
| Consecutive upper circuit days | 32 days |
| Upper circuit limit | 5% increase |
| Book value | ₹209 |
| Asset status | High assets |
| Debt status | Debt free |
| Profit growth (5 years) | 32.6% CAGR |
| Return on equity (3 years) | 30% |
| Dividend status | Good dividends |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
