Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; PAT zooms by 138 per cent YoY!

Shares of the company have gained more than 130 per cent in the last six months.

Shares of Izmo Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. Over the previous six months, the stock has gained about 130 per cent.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 41.49 crore which grew by 19.4 per cent YoY. The operating profit of the company stood at Rs 9.29 crore, while the PAT of the company stood at Rs 5.01 crore, representing a growth of 138.85 per cent YoY.

Shares of Izmo Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 81.00 on September 14, 2022, to Rs 187.10 on September 13, 2023, an increase of about 131 per cent in one one-year holding period.

Izmo Limited is in the business of interactive marketing solutions. It is the World leader in Automotive Interactive Marketing Solutions. The co offers hi-tech automotive e-retailing solutions in North America, Europe, and Asia. The company also offers sales performance coaching, OEM-certified CRM, ILM Solutions, etc. The company also owns the world's most extensive collection of Automotive Images and Animation and has a client base of some of the largest automotive retail groups in the world.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.