V-Marc India Fraud, Tara Chand Infralogistic Solutions Fund Raise And Maiden Forgings Order Book Expansion

V-Marc India Ltd.

Recent filing: (FRAUD) The Securities and Exchange Board of India (SEBI) has identified fraudulent and manipulative trading in V-Marc securities, indicating the involvement of the promoter, company management, and connected parties. The scheme was seemingly planned before the scrip's listing, facilitated by individuals linked to the promoter/management holding a significant number of shares. The manipulation involved cornering shares to support fraudulent activities, manipulating volume and price, ultimately leading to the sale of inflated shares to unsuspecting investors.

  • MCap of INR 309 Crore (share price = INR 136 / share) (as on 29th Feb ‘24)
  • TTM PE 22.7x (as on 29th Feb ‘24) Retail float = 16.5% (Sep-23)

What are the Products and Services of V-Marc India?

V-Marc India Limited is engaged in the business of manufacturing wires & cables in Single and Multi-Core with Copper/Aluminium Conductors, having XLPE/PVC insulation, Flat Cables, Co-axial Cables, LAN Cables, LT Power/Control Cable, Medium Voltage Covered Conductors, HT Cables and Specialty Cables.

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Tara Chand Infralogistic Solutions Ltd.

Recent filing: (FUND RAISE) BoD of Tara Chand Infralogistic Solutions has allotted 7L equity shares post the conversion of warrant into equivalent no of equity shares at a price of INR 72 each, aggregating to INR 5 Cr. Earlier in March ‘23, BoD had issued 21L Fully Convertible warrants.

SUMMARY: 2y Operating Profit uptrend | 5q Operating Profit uptrend | PE 18.2x (Sector PE range 10-40) | Fund Raise

  • MCap of INR 228 Crore (share price = INR 161 / share) (as on 29th Feb ‘24)
  • TTM PE 18.2x (as on 29th Feb ‘24) Retail float = 11.2% (Sep-23)

What are the Products and Services of Tara Chand Infralogistic Solutions?

Tarachand Infralogistic Solutions is serving the infra development and industrial capacity expansion needs of India through its three verticals: Warehousing & Multi-modal Transportation, Construction Equipment Rental, and Turnkey Infra-Project Execution for four decades now.

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Maiden Forgings Ltd.

Recent filing: (ORDER BOOK EXPANSION) Maiden Forgings’ current order book size is INR 30 Cr plus on a regular basis, which is almost 50% up from last year’s average order book size.

SUMMARY: 2y Operating Profit uptrend | PE 15.1x (Sector PE range 10-50) | Order Book Expansion | Geographical expansion | Ace Investor

  • MCap of INR 146 Crore (share price = INR 103 / share) (as on 29th Feb ‘24)
  • TTM PE of 15.1x (as on 29th Feb ‘24) Retail float = 15.4% (Sep-23)

What are the Products and Services of Maiden Forgings?

Established in 2005, Maiden Forgings specializes in the production and distribution of ferrous metal products. The company's product range includes steel bright bars, wires, profiles, collated pneumatic nails, and ground bars. With three manufacturing facilities situated in Ghaziabad, Uttar Pradesh, India, the company boasts a collective manufacturing capacity of 50,000 tons per annum across these plants.

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