Dark horse of the day: Walchand Peoplefirst Stock Surges 20% Today

Shares of Walchand Peoplefirst Limited witnessed a significant surge today. The stock commenced trading at Rs 177.20, marking a 1.3% increase compared to the previous day’s closing price of Rs 174.95. During the intraday session, the stock exhibited a remarkable 20% surge accompanied by significant trading volume. 

Upon scrutinizing today’s share volumes, it becomes apparent that there has been a substantial increase of over 14.20 times in trading volumes compared to its average volumes on the BSE. As of writing this article the shares of the company are up by Rs 34.95 which is 20% and are trading at Rs 209.90 each on the BSE.  

The stock’s 52-week high and low are Rs 209.90 and Rs 106.10, respectively. Possessing a market capitalization of Rs 60 crore, the stock has showcased outstanding performance in recent periods, yielding a remarkable 68% return in the last months and an impressive 150% return in the past three years.  

Financial Performance     

In the June quarter of FY24, Company’s revenue from operations experienced an increase of 35% YoY, going from Rs 4.22 crore to Rs 5.68 crore. The operating loss of the company widens from Rs 0.32 crore to Rs 0.40 crore and on a sequential basis it increased significantly from Rs 0.13 crore to Rs 0.40 crore.    

Whereas the net profit of the company amounts to Rs 0.32 crore, the net profit margins stood at 5.6% in Q1 FY24. 

The company’s return on capital employed (ROCE) and return on equity (ROE) are at 19% and 16.6%, respectively. The Book value of the company is Rs 78 which means the stock is trading at Price to book value of 2.7 times in the market, whereas the price-to-earnings ratio is 16.4 times.   

Business Overview 

Walchand People First Ltd, founded in 1920, is engaged in providing Consulting and Training Services. The company specializes in delivering training focused on soft skills such as leadership, communication, and presentation. Walchand People First Ltd has obtained franchise rights to provide, sell, teach, and implement training methods, techniques, and programs developed by Dale Carnegie Training & Associates, U.S.A., to individuals as well as corporate employees.  

Here is the chart presentation of the company’s shares on the monthly time frame: 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.