Kalyan Jewellers
Kalyan Jewellers stock price is up 126% over the past one year. Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of the customers. Kalyan Jewellers has 197 showrooms across India and the Middle East. The Company reported robust revenues of Rs 4,376 crore in Q1FY24 compared to Rs 3,333 crore in the corresponding quarter of the previous year, a growth of 31% YoY. Profit after tax (PAT) in Q1FY24 came in at Rs 144 crore, up 33% YoY. Along with strong financial performance over the past 4-5 quarters, the company is also planning to expand aggressively. Kalyan Jewellers plan to open 52 showrooms in India in FY24.
Cochin Shipyard
Cochin Shipyard stock price is up 110% over the past one year. Government owned, Cochin Shipyard is a renowned shipbuilding and ship repair company delivering world-class vessels and providing comprehensive ship repair services. The company caters to a diverse range of requirements, ranging from commercial ships to naval vessels. The company’s shipbuilding order book position as on June 2023 stands at Rs 22,000 crore. Defence projects constitute around Rs 17,288 crore as on June 30, 2023. In addition to this, the shipbuilding order pipeline/possibilities is around Rs 16,000 crore. Strong order backlog indicates improved earnings visibility for the next 2-3 years.
Bajaj Auto
Bajaj Auto stock price has gained 37% over the past one year. Bajaj Auto is the first two-wheeler and three-wheeler company in the world with more than 18 million motorcycles sold in over 70 countries. Bajaj Auto is firmly entrenched in the domestic motorcycle market with its iconic brand Pulsar. In FY2023, Pulsar, as a brand, grew by 33% and sold over one million units annually in the domestic motorcycle market. Bajaj Auto is also known for its Avenger, Dominar, KTM and Husqvarna brands. In FY2021, Bajaj Auto re-introduced Chetak as a best-in-class electric scooter. The company recently launched the Bajaj Auto-Triumph Speed 400 and Scrambler 400X bike in India. Bajaj Auto-Triumph bikes are expected to heat up competition in the 250 cc above segment challenging market leader, Eicher Motors. While Bajaj auto domestic wholesale motorcycle numbers have fallen over the past two months, motorcycle exports have returned to positive growth. This is a strong positive as motorcycle exports account nearly 40-50% of its total motorcycle wholesale volumes.
Blue Star
Blue Star gained 25% since August 25, 2023. The company is India’s leading heating, ventilation, air conditioning and commercial refrigeration company. The company fulfills the heating, cooling and ventilation requirements of a large number of corporate, commercial and process applications, as well as the comfort needs of residential customers. The company has also forayed into the residential water purifiers business. Blue Star has recently completed a fundraise of Rs 1,000 crores, through a Qualified Institutional Placement (QIP) of equity shares. The company plans to make substantial investments in manufacturing capacity expansion, design and development of new products, digitalisation initiatives and capability building.
