Kingfa Science shares skyrocket more than 12 per cent; know more here!

Kingfa Science made an intraday high of Rs 1,118 per share in the first half of the trading session.

The shares of Kingfa Science were seen zooming on the bourses during Thursday’s trading session on an intraday basis. Kingfa Science made an intraday high of Rs 1,118 per share in the first half of the trading session.   

From its recent low of approx. Rs 750 per share made in June, the shares of Kingfa Science have gained nearly 46 per cent. In one month, its shares have soared over 13 per cent thereby, outperforming the markets.   

The company is in the limelight as its sales volume is at an all-time high and the margins are expected to improve in the coming quarters. The old price contracts will now be getting revised and hence, the margin improvement can be seen along with improving sales. Also, the company is expected to move from the low-margin auto sector to the high-margin non-auto sector and this product mix strategy is expected to help improve the net profit margins in the coming quarters.   

Long-term investors should keep Kingfa Science on their watchlist!