Styrenix Performance Materials Ltd. Share Price

Styrenix Just Gave Investors a Strange Earnings Signal

Stocks in news

Indian Bank’s business grew 9.8% as advances rose 12% YoY in Q2FY25. It posted 39% higher Q1 EPS of Rs.19.1, which may lead FY25 EPS of Rs.85. The share trades at a forward P/E of 6.2x against the industry average P/E of 11.8x and is going cheap. Bank of India’s deposits grew 12.3%, advances grew 14.9% in Q2FY25 along with a 14.4 % YoY growth in its global business. Rashi Peripherals, a top distributor of communication products, posted Q1 EPS of Rs.8.4, which may lead to FY25 EPS of Rs.32. It trades at a P/E of 12x against the industry average of 77x. Styrenix Performance posted 89% rise in Q1FY25 EPS to Rs.34.8, which may lead to FY25 EPS of Rs.135. A major expansion positions it for exceptional FY25 growth. Veritas (India) under Swan Energy, focuses on international trade and manufacturing. It posted 90% higher Q1 EPS of Rs.18, which may lead to FY25 EPS of Rs.85, signalling potential gains. Basilic Fly Studio anticipates doubling FY25 revenue to over Rs.200 cr., backed by Rs.55 cr. UK expansion with an EPS forecast of Rs.30 and strong growth potential. Mahanagar Gas signs non-binding term sheet with a global battery major for Rs.385 cr. investment for a minimum 40% stake in the proposed JV. Its long-term prospects are bright. Arkade Developers' IPO raised Rs.410 cr. in Sept 2024. With FY24 net profit of Rs.122.8 cr. and focus on high-end residential projects in Mumbai, it has long-term growth potential. Bitumen leader, Agarwal Industrial Corp., posts 41% rise in Q1 EPS to Rs.26.1, which may lead to FY25 EPS of Rs.100. At a P/E of 11.4x, its short-medium term prospects appear strong. Western Carriers, a 4PL logistics provider with FY24 sales of Rs.1691 cr., offers multi-modal logistics services and has solid long-term potential.

Ex-Dividend Date on 12-08-2024

1. Computer Age Management - Interim Dividend Rs. 11 per share 2. ICICI Bank - Final Dividend Rs. 10 per share 3. India Pesticides - Final Dividend Rs. 0.75 per share 4. NHPC - Final Dividend Rs. 0.5 per share 5. Rossell India - Final Dividend Rs. 0.3 per share 6. Styrenix Performance Materials - Final Dividend Rs. 28 per share 7. The Grob Tea Company - Final Dividend Rs. 2 per share 8. UPL Ltd. - Final Dividend Rs. 1 per share