equitymastersFive solid small caps at 52-week lows. Time to take a close look?
7 months, 2 weeks ago

equitymastersFive solid small caps at 52-week lows. Time to take a close look?

Live Mint  

Small-cap stocks are making headlines again, but not for the reasons they were in March. Shares of TCI Express hit their 52-week low of ₹997 on 14 March 2024 and are currently trading just 8% above their all-time lows. In the March 2024 quarter, TCI Express reported a 2.9% year-on-year decline in total income to ₹3.2 billion, while profits fell 17.8% to ₹315.9 million due to a 7% increase in selling, general, and administrative expenses. Additionally, in the December 2023 quarter, the company reported a 24.5% YoY decline in revenue to ₹1.5 billion, while net profit fell 43.1% to ₹140.8 million. Shares of Rajratan hit their 52-week low of ₹579 on 28 March 2024, currently trading 2.4% above this low.

History of this topic

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