Keep an eye on this stock, which was locked in the upper circuit on November 21

Today, the stock of this company was locked at 20 per cent at Rs 85.30.

One of the Top Gainers on the BSE today, shares of Skipper Ltd surged and reached a fresh upper price band of Rs 85.30 per share, after being locked in the 20 per cent upper circuit. In addition, the company's stock price is increasing significantly and has continuously peaked in the past few trading sessions.  

In comparison to FY22, when the net profit was Rs 21.08 crore, it increased to Rs 28.61 crore or 35.71 per cent in FY23, according to the company's annual consolidated financial figures. The increase in the stock price is mainly due to the good numbers that the company announced in FY23 and hence is witnessing some fresh buying. Today, shares of Skipper Ltd saw a spurt in volume by more than 24.01 times on BSE.  

Skipper Ltd was founded in 1981. The company is engaged in the manufacture and sale of transmission and distribution structures, as well as pipes and accessories. It also undertakes EPC projects in the infrastructure segment. Skipper's market reach covers more than 40 countries around the world from South America, Europe, Africa, the Middle East, South & Southeast Asia and Australia.  

The stock is up by 17.9 per cent in one year while BSE Sensex is up by 4.54 per cent in one year. Investors must keep this stock under their watch list.