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    HomeNewsBusinessEarningsDiscovery series: This micro cap idea is set to ride the CV cycle

    Discovery series: This micro cap idea is set to ride the CV cycle

    This stock is well placed on the back of an upturn in CV cycle, higher export demand and improvement in EBITDA

    Nandish Shah
    October 18, 2022 / 09:20 IST
    Nelcast: Nelcast reports 283.5% YoY growth in Q1 profit at Rs 7.8 crore driven by healthy operating performance. Revenue grows 60%. The ductile and grey iron castings producer has clocked a 283.5% year-on-year growth in profit at Rs 7.8 crore for the quarter ended June 2022, driven by healthy operating performance and top line. Revenue grew by 60% to Rs 295.2 crore with growth in volumes and better realisation, while EBITDA increased by 60.4% to Rs 23.3 crore during the same period.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More