Stock Watch: United Heat Transfer Unleashes Furious Run

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Stock Market Today: United Heat Transfer Shares Gain 40% in 2-day

By S Jha

New Delhi, December 2: In over a month since listing on the SME platform, United Heat Transfer shares have begun buzzing on the street. In the last two trading sessions alone, United Heat Transfer shares jumped almost 38 per cent.

United Heat Transfer shares on Monday closed at ₹117. The scrip gained 20 per cent on Monday. The trading volume in United Heat Transfer shares was almost 50 per cent higher than Thursday.

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Almost 10 lakh shares of United Heat Transfer were traded on Monday. This was almost 50 per cent higher than the last volume spike seen on Thursday in the scrip.

The IPO of United Heat Transfer was launched on October 22 this year. The IPO price band was ₹56-59. Since listing of the scrip, United Heat Transfer have been climbing on the bourses.

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The United Heat Transfer stock is now trading at a PE valuation of 68. Being listing on the SME platform, the lot size is 2000. This limits the retail participation in trade of the United Heat Transfer stocks. The face value of United Heat Transfer shares of 410. The market capitalisation of the company is currently ₹222 crores.

United Heat Transfers Limited was incorporated in January 1995. The company manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids.

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The recently listed KNR Heat Exchanger and Azad Engineering are some of the peers of United Heat Transfers. Return on Capital Employed (ROCE) of United Heat Transfers is 16.2. Return on Equity of United Heat Transfers is 19.3.

The United Heat Transfers counts on products which are used in petrol and diesel engines. Its products are also used in maritime vessels, mining trucks, and heavy machinery. It also has a few more products.

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The United Heat Transfers has two manufacturing units in Nashik in Maharashtra. The company claims to have manufacturing units equipped with modern infrastructure, including advanced technology and machinery to enhance productivity and efficiency.

The Earning per share (EPS) of United Heat Transfers is listed at ₹2.20. The company reported an operating profit of ₹6.48 crores in the September quarter this year.

Roughly 20 per cent of the shares of United Heat Transfers are held by the public investors. The foreign institutional investors and their domestic counterparts have 4.73 per cent and 7.95 per cent respectively.

Disclaimer: This article makes no recommendation for buy or sell of shares of any company. Stock market investment requires high degree of discipline, patience, and knowledge.

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