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Trending stock: Advanced Enzyme Technologies jumps 16 per cent; touches 52-week high

Geyatee Deshpande
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Trending stock: Advanced Enzyme Technologies jumps 16 per cent; touches 52-week high

It is the expiry day and the markets have already witnessed a sharp fall. This is for the second time in a week that bears have shown such a tightening grip on the domestic markets, spreading red colour over Sensex and Nifty. Sensex was down by around 678 points or 1.80 per cent at 36,990 levels.

While the domestic indices plunged, the shares of Advanced Enzyme Technologies zoomed by around 16 per cent at Rs 263 per share on BSE. This is its biggest single-day gain since August 2016. In a market filled with negative sentiments, the shares of the company touched its fresh 52-week high at Rs 266.95 per share during Thursday’s trading session. The stock is the top gainer on BSE Small-Cap index. While the stock has gained for the second straight session, it rose by almost 59.7 per cent on a YTD basis. Gaining by more than 150 per cent, the stock has tripled after touching its 52-week low of Rs 91.05 per share on March 23, 2020.

Advanced Enzyme Technologies reported a comparatively flat growth of 0.15 per cent YoY in the net sales of Rs 110.50 crore for Q1FY21. The company gained a net profit of Rs 34.80 crore in Q1FY21, increasing by 2.46 per cent YoY.

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