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Vibhu Jain

17th Oct 2024 · SEBI-Registered Analyst

prime securities could give safe return

Prime Securities, This micro cap stock was added on October 8, 2024, at a price of Rs 283.9. The stock has shown a bullish trend since its addition, moving from mildly bullish to bullish. This can be attributed to its strong financial performance in the quarter ending June 2024. In just three months, the company's score has improved from -2 to 25. Some key factors contributing to Prime Securities' positive performance include a significant growth in PBT (profit before tax) less OI (operating income), PAT (profit after tax), and net sales. The company's operating cash flow for the year is also at its highest at Rs 13.15 crore. With net sales of Rs 29.14 crore, PBDIT (profit before depreciation, interest, and taxes) of Rs 12.61 crore, PBT less OI of Rs 12.31 crore, PAT of Rs 9.32 crore, and EPS (earnings per share) of Rs 3.61, Prime Securities has emerged as a top performer in the market. The objective is to maximize returns by quickly moving in and out of these stocks. Currently, there are 30 stocks in the list, including 7 large caps, 7 mid caps, and 16 small and mid caps. Some of the top performing stocks in the list include Sky Gold with a 512.51% return in 12 months, PG Electroplast with a 141.04% return in 5 months, and Just Dial with a 91.49% return in 20 months. In the latest changes, Prime Securities has been added to the list as a micro cap stock, while Adani Energy Sol (large cap) has been removed. Eco Recyc. (small cap) has also been added to the list on October 3, 2024.

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