Canarys Automations Ltd. (CANARYS-SM) Share Price Rises 8.4% Today

Canarys Automations Ltd. Share Price rose by 8.4% today, reaching Rs 21.95. The company's market capitalisation stands at Rs 118.96 crore.

Canarys Automations Ltd. Share Price experienced a notable rise today, climbing 8.4% to reach Rs 21.95. This increase positions the company as a top gainer in the micro-cap category, with a market capitalisation of Rs 118.96 crore. The stock opened at Rs 21 and reached a high of Rs 21.95, surpassing its previous close of Rs 20.25. This significant price movement highlights investor interest and positions Canarys Automations Ltd. as a company to watch in the IT sector.

Today's rally in Canarys Automations Ltd. Share Price is noteworthy, particularly given its micro-cap status. This achievement underscores the stock's potential and draws attention to its performance within the IT industry.

Canarys Automations Ltd. (CANARYS-SM) Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 21.95
Previous Close	Rs 20.25
Today's Change	+Rs 1.7 (+8.4%)
Day Open	Rs 21
Day High	Rs 21.95
Day Low	Rs 20.15
Current Volume (NSE)	1,52,000
NSE Traded Volume	1,52,000
Combined NSE + BSE Volume	1,52,000
Turnover	Rs 0.33 crore
Market Capitalisation	Rs 118.96 crore
Market Cap Category	Micro Cap

Canarys Automations Ltd. (CANARYS-SM) traded at Rs 21.95. versus the previous close of Rs 20.25, a rise of 8.4%. The stock opened at Rs 21, reached Rs 21.95, touched Rs 20.15. Reported volume was 1,52,000.

Canarys Automations Ltd. (CANARYS-SM) Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 118.96 crore
P/E Ratio	9.65x
P/B Ratio	1.35x

Canarys Automations Ltd. was valued at a P/E ratio of 9.65x, a P/B ratio of 1.35x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Canarys Automations Ltd. operates with a market capitalisation of Rs 118.96 crore and a price-to-earnings (P/E) ratio of 9.65. The company's price-to-book (P/B) ratio stands at 1.35, indicating its valuation relative to its book value. These metrics provide insight into the company's valuation compared to its peers and the broader IT sector.

The company's P/E ratio of 9.65 is significantly lower than the sector benchmark median of 39.69, suggesting a relatively inexpensive valuation. Similarly, the P/B ratio of 1.35 is well below the sector benchmark median of 352.64. These figures indicate that Canarys Automations Ltd. may be undervalued compared to its sector peers.

While the company does not currently report return on equity (ROE) or return on capital employed (ROCE), its valuation metrics suggest potential for growth and investor interest. The company's fundamentals, combined with its recent price performance, make it a stock to watch in the IT sector.

Sector and Industry Context

Metric	Value
Sector	IT
Industry	IT – Software
Benchmark Scope	same sector
Company P/E Ratio	9.65x
Benchmark Median P/E	39.69x
Benchmark Average P/E	39.69x
Benchmark P/E Range	39.69x to 39.69x
Company P/B Ratio	1.35x
Benchmark Median P/B	352.64x
Benchmark Median ROE	0%
Benchmark Median ROCE	0%
Company Market Capitalisation	Rs 118.96 crore
Benchmark Median Market Cap	Rs 2,801.79 crore

Canarys Automations Ltd. (CANARYS-SM) is classified under sector: IT and industry: IT – Software.

Canarys Automations Ltd. (CANARYS-SM) has a P/E ratio of 9.65x, which is below the benchmark median of 39.69x, a difference of -75.69%. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Canarys Automations Ltd. operates within the IT sector, specifically in the IT – Software industry. The sector benchmark for P/E is 39.69, with a P/B benchmark of 352.64. The company's P/E ratio of 9.65 and P/B ratio of 1.35 are significantly lower than these benchmarks, indicating a potential undervaluation.

The IT sector, represented by a single benchmark company, TechNVision Ventures Ltd., has a market capitalisation of Rs 2,801.79 crore. In comparison, Canarys Automations Ltd.'s market cap of Rs 118.96 crore positions it as a smaller player within the industry. Despite its size, the company's recent price performance and valuation metrics suggest potential for growth and increased investor attention.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
TechNVision Ventures Ltd.	TECHNVISN	2,801.79	39.69	352.64	0	0

Canarys Automations Ltd. (CANARYS-SM) has a P/E ratio of 9.65x compared with the displayed peer median of 39.69x. This is a relative valuation comparison, not a buy or sell signal. Canarys Automations Ltd. (CANARYS-SM) has a market capitalisation of Rs 118.96 crore. Among the 1 peers shown, 1 have a larger market capitalisation.

When compared to its peer, TechNVision Ventures Ltd., Canarys Automations Ltd. exhibits a lower P/E ratio of 9.65 versus 39.69. Its P/B ratio of 1.35 is also significantly lower than TechNVision's 352.64. While both companies report zero ROE and ROCE, Canarys Automations Ltd.'s market cap of Rs 118.96 crore is considerably smaller than TechNVision's Rs 2,801.79 crore.

These comparisons highlight Canarys Automations Ltd.'s potential undervaluation and its position within the IT – Software industry. The company's recent price rise further emphasizes its potential as a micro-cap stock with growth prospects.

Why Investors Are Watching Canarys Automations Ltd.

Investors are closely monitoring Canarys Automations Ltd. due to its recent price rise and potential undervaluation within the IT sector. The company's fundamentals and market position make it a stock to watch.

• Price Action: 8.4% rise today, reaching Rs 21.95.
• Valuation: P/E of 9.65 and P/B of 1.35, below sector benchmarks.
• Sector Position: Operates in IT – Software, potential for growth.
• Peer Comparison: Lower valuation metrics than TechNVision Ventures Ltd.

Investors should continue to monitor Canarys Automations Ltd.'s performance, particularly in relation to sector trends and peer developments. The company's valuation and recent price movement suggest potential opportunities for growth.

About Canarys Automations Ltd.

Canarys Automations Ltd. is a player in the IT – Software industry, focusing on providing automation solutions. The company operates within the IT sector, offering products and services that cater to various automation needs. Its market position and recent price performance highlight its potential within the industry.

With a market capitalisation of Rs 118.96 crore, Canarys Automations Ltd. is a micro-cap company with growth prospects. Its valuation metrics, combined with its recent price rise, make it a stock to watch in the IT sector.

Track Canarys Automations Ltd. Share Price on Univest

Use Canarys Automations Ltd. (CANARYS-SM) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors can track Canarys Automations Ltd. Share Price on Univest, where they can access live share price updates, technical indicators, fundamental ratios, and market insights. Univest provides comprehensive data to help investors make informed decisions.

Frequently Asked Questions

What was the previous close of Canarys Automations Ltd. Share Price?

Ans. The previous close of Canarys Automations Ltd. Share Price was Rs 20.25, before rising by 8.4% to reach Rs 21.95 today. The stock moved 8.4% during the session. The intraday range extended from Rs 20.15 to Rs 21.95.

What is the market capitalisation of Canarys Automations Ltd.?

Ans. Canarys Automations Ltd. has a market capitalisation of Rs 118.96 crore, categorising it as a micro-cap company in the IT sector. The company operates in the IT sector. Its P/E ratio is 9.65x.

How much did Canarys Automations Ltd. Share Price rise today?

Ans. Canarys Automations Ltd. Share Price rose by 8.4% today, reaching Rs 21.95, marking a significant move in the IT sector. The stock moved 8.4% during the session. The intraday range extended from Rs 20.15 to Rs 21.95.

What is the P/E ratio of Canarys Automations Ltd.?

Ans. The P/E ratio of Canarys Automations Ltd. is 9.65, which is significantly lower than the sector benchmark median of 39.69. The company trades at a P/E ratio of 9.65x. Its P/B ratio is 1.35x.

How does Canarys Automations Ltd.'s P/B ratio compare to the sector?

Ans. Canarys Automations Ltd.'s P/B ratio of 1.35 is significantly lower than the sector benchmark median of 352.64, indicating potential undervaluation. The company trades at a P/E ratio of 9.65x. Its P/B ratio is 1.35x.

Who are Canarys Automations Ltd.'s peers?

Ans. Canarys Automations Ltd.'s peer is TechNVision Ventures Ltd., which operates in the same IT – Software industry. Comparable listed companies include TechNVision Ventures Ltd. The peer median P/E is 39.69x.

What sector does Canarys Automations Ltd. operate in?

Ans. Canarys Automations Ltd. operates in the IT sector, specifically within the IT – Software industry, providing automation solutions. The stock belongs to the IT sector. Its industry classification is IT – Software.

What is the current price of Canarys Automations Ltd. Share?

Ans. The current price of Canarys Automations Ltd. Share is Rs 21.95, following an 8.4% rise today. The stock moved 8.4% during the session. The intraday range extended from Rs 20.15 to Rs 21.95.

What is the significance of Canarys Automations Ltd.'s price rise today?

Ans. The 8.4% price rise of Canarys Automations Ltd. today highlights its potential within the IT sector, drawing investor attention due to its valuation metrics. The stock moved 8.4% during the session.