Vardhman Special Steels Ltd up by 6.24%: Latest Updates | Espresso

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Espresso Shot of the Day - Vardhman Special Steels Ltd up by 6.24 percent

January 19, 2023
Espresso Shot of the Day - Vardhman Special Steels Ltd up by 6.24 percent

VARDHMAN SPECIAL STEELS LTD 340.35 (+6.24%) BSE – INE050M01012| 19th January 2023

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Vardhman has evolved through history, from a small beginning to a modern industrial major, under the dynamic leadership of its Chairman & Managing Director, Mr. S.P. Oswal. His vision and insight have given Vardhman an enviable position in the Indian industry. Under his able leadership, Vardhman has been constantly innovating, diversifying, integrating and building its various operations into a dynamic enterprise of today. Placed among the leading producers of Special and Alloy Steels, Vardhman Special Steels Limited caters to diverse requirements of hot rolled bars for Engineering, Automotive, Tractor, Bearing and Allied Industries. The company, for more than 40 years, has emphasized on total customer focus in all operational areas, monitoring and nurturing relationships with all clients and business associates.

Recent Drivers

  • 'Vardhman Special Steels Limited allotted 66,250 Equity shares of face value of Rs. 10/- each to the eligible employees of the Company who have exercised their stock options under 'Vardhman Special Steels Limited Employee Stock Option Plan, 2016' and 'Vardhman Special Steels Limited Employee Stock Option Plan, 2020’, on January 3,2023.
  • VSSL reported a quarterly net profit of Rs 28.01 crores in September 2022, up 15.31% from the Rs. 24.29 crores reported in September 2021 on November 1,2022.
  • On November 1,2022, the company reported net sales of Rs 443.16 crores in September 2022, up 32.03% from the Rs. 335.65 crores reported in September 2021.
  • The Board of Directors in its meeting held on 29th April 2022 recommended a dividend of Rs 3.50/- per share on the fully paid-up Equity Shares of the Company. The ex-date for the same was September 16,2022.
            (Sources: BSE, Money control)


Technical Force*

  • S&P BSE 500 month till date loss by 0.53%.
  • 3 months avg. NSE volume: 117,365
  • Quantity traded: 20,791| Deliverable quantity: 8,354 (40.18%)
  • Stock price jumped by more than 60 % from a one-year low level: 201.10 (June 23, 2022)
  • Daily RSI (14) is in oversold territory today.
  • 52-week-high: 345.00| 52-week-low: 201.10.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

493.98

414.02

361.03

281.07

228.08

148.12

95.13

-

Fibonacci Pivot

414.02

363.23

331.85

311.65

281.07

250.49

230.28

198.90

148.12


Today’s Close

340.35

SMA

BSE

10 DAY

316.52

20 DAY

306.16

50 DAY

284.95

200 DAY

251.47


Some Key Ratios (Source: BSE)

Market Cap:  1,380.50 Crores

PE:  12.91

OPM%: 11.07

ROE%:  17.84

Promoters holding%: 60.81

Prev. Close:  320.35


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.


Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.