Suprajit Engineering Q3 Result 2024: Date and Time, Share Price and Target

News: Suprajit Engineering, a prominent player in the auto ancillary industry, is all set to announce its Quarter 3 (Q3) results for 2024. Investors and market enthusiasts are eagerly awaiting this update to gain insights into the company’s financial performance. In this article, we’ll cover the essential details related to Suprajit Engineering’s Q3 results, including the date and time of the announcement, the current share price, and potential targets.

Key Points

1. Date and Time of Q3 Results Announcement

• The company’s board meeting is scheduled for February 14, 2024.
• During this meeting, Suprajit Engineering will unveil its financial results for the third quarter of the fiscal year 2024.
• Investors should mark their calendars and keep an eye out for official announcements on this date.

2. Share Price Insights

• As of February 12, 2024, Suprajit Engineering’s share price stands at ₹390.00 on the National Stock Exchange (NSE).
• The stock experienced a 3.40% decline from its previous closing price of ₹403.70.
• Investors should closely monitor any fluctuations in the share price following the Q3 results disclosure.

3. Performance Metrics

• Revenue Growth: Suprajit Engineering has consistently outperformed its three-year compound annual growth rate (CAGR) in terms of revenue. The company’s annual revenue growth of 48.68% surpasses the 3-year CAGR of 20.52%.
• Technical Signal: A 50-day moving average crossover recently occurred, indicating a potential bearish trend. Historically, the stock has declined by an average of 4.06% within 30 days after such signals in the last five years.
• Financial Allocation: In the fiscal year ending March 31, 2023, the company allocated 1.29% of its operating revenues toward interest expenses and 20.87% toward employee costs.

4. Investor Outlook

• Analysts’ recommendations play a crucial role in shaping investor sentiment. Currently, Suprajit Engineering receives a strong buy rating from seven analysts.
• Investors should consider the company’s fundamentals, valuation, risk factors, and price trends while making informed decisions.

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About Suprajit Engineering Limited :

Suprajit Engineering Limited is a leading player in the auto ancillary industry. Here are some key details about the company:

Company Overview:

• Suprajit Engineering Limited is part of the Suprajit Group, which includes Suprajit Automotive Limited, Suprajit Europe Limited, and Phoenix Lamps Limited.
• The group is a global leader in the automotive cable and halogen bulb industry.
• With a strong manufacturing base in India and global technical and logistical support, the group provides optimal product development and manufacturing solutions to domestic and international customers.

Business Focus:

• Suprajit Engineering specializes in manufacturing highly engineered products on a large scale.
• They cater to the stringent requirements of some of the world’s most renowned companies.
• Their expertise includes motion control solutions, headlamps, lighting, and vehicle clusters.

Global Presence:

• Suprajit Engineering operates 18 plants across India and has a global footprint with 6 plants in countries including the USA, Mexico, UK, Germany, Luxembourg, and China.
• The company focuses on operational efficiency and has achieved continuous profitable growth.

Renowned Brands:

• Suprajit Engineering is associated with well-known automotive lighting brands such as Phoenix (India), Luxlite (EU), and Trifa Lamps (Germany).

Core Competencies:

• The company excels in control cables, instrument clusters, and halogen lamps.
• It serves 40+ original equipment manufacturers (OEMs).

Suprajit Engineering’s Q3 results announcement is a significant event for investors and stakeholders. By staying informed about the company’s financial health, investors can make well-informed choices. Keep an eye on the stock price and watch out for any surprises in the upcoming results. Remember, investing involves risks, so always consult with financial advisors before making investment decisions.

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