Stock Market Roundup: Indus Towers, Solar Industries India, REC, Power Finance Corp & Hero MotoCorp In Focus

Stock Market Roundup: Indus Towers, Solar Industries India, REC, Power Finance Corp & Hero MotoCorp In Focus

In the Indian stock market, several key players have been making waves with their impressive performance. Indus Towers Ltd, Solar Industries India Ltd, REC Ltd, Power Finance Corp Ltd, and Hero MotoCorp Ltd are among the notable companies that have been attracting investor attention. Each of these companies has exhibited resilience and growth, making them stand out in their respective sectors

Indus Towers Ltd

Indus Towers Ltd, a key player in the telecommunications tower infrastructure sector, witnessed a notable surge in its stock price on the National Stock Exchange (NSE) recently. As of March 22nd, the stock closed at Rs 271.30, according to data in TradingView. marking a significant increase of 8.2%. The company, known for deploying, owning and managing telecom towers and communication structures, has shown a remarkable 1-year growth of 78.2% with a price-to-earnings (PE) ratio of 13.06 and a price-to-book (PB) ratio of 3.08. 

Indus Towers has really been a favorable choice among investors as its market capitalization stands at Rs 72,924.0 Cr, reflecting its substantial presence in the market.

Solar Industries India Ltd

This is a leading manufacturer of explosives and defense products and has been making significant strides in the industry also. The company's stock closed at Rs 9,322 according to data on TradingView on March 22nd, showcasing a rise of 4.76%. The stock records a 1-year growth of 138.6%. Solar Industries has been attracting investors' attention lately with its share price on March 22nd, which recorded a new 52-week high of Rs 9,418.95

Despite a relatively high PE ratio of 104.03 and PB ratio of 29.36, the company's performance has been robust, reflected in its market capitalization of Rs 83,944.0 Cr.

REC Ltd

REC Ltd is a prominent non-banking financial company in India and has also been instrumental in financing and promoting power sector projects across the subcontinent. Trading on the NSE, the company's stock closed at Rs 460.60 on March 22nd, recording a gain of 2.3%. REC has shown exceptional growth over the past year, with a staggering 1-year growth rate of 287.7%. With a PE ratio of 9.26 and a PB ratio of 1.86, REC's performance has been impressive, reflected in its market capitalization of Rs 1.2 Lac Cr.

Power Finance Corp Ltd

Power Finance has been a key player in financing India's power sector projects. With a focus on serving various entities within the power sector, PFC has exhibited a steady growth trajectory. On March 22nd, the stock closed at Rs 391.60, marking a modest increase of 1.2%. Despite challenges in the market, PFC has shown resilience, boasting a remarkable 1-year growth of 217.5%. With a PE ratio of 6.87 and a PB ratio of 1.34, PFC remains an attractive choice for investors, evident in its market capitalization of Rs 1.3 Lac Cr. During the day, FC recorded a high of Rs394.65 and a low of Rs379.00 with its 52-week high sitting at Rs 477.80

Hero MotoCorp Ltd

Hero MotoCorp Ltd is a renowned motorcycle manufacturing company based in India and has been thriving in the competitive automotive industry. the company's stock closed at Rs 4,692.80 on March 22nd, registering a gain of 3.8%. Hero MotoCorp has exhibited consistent growth, with a 1-year growth rate of 99.7%. 

Despite a PE ratio of 25.99 and a PB ratio of 5.31, the company's performance has been commendable, reflected in its market capitalization of Rs 93,819.3 Cr.

With its performance, the company's last close at Rs 4,692.80 is near to reaching its 52-week high of Rs 4,979.95

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