On July 20, it formed a substantial bullish candlestick pattern, and subsequently, its price remained within the high and low range of this candlestick, resembling what is referred to as a 'Mother Bar.'

The stock has already increased 40 per cent in three days.

We will continue to focus on achieving a competitive edge by streamlining our operations with sustainable practices and technically sound as well as commercially viable innovative products, affirms Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Limited

The company has a market cap of Rs 12.08 crore with a 3-year stock price CAGR of 80 per cent. Additionally, the company has very little debt, with only Rs 0.01 crore outstanding. This is just 0.08 per cent of its current market capitalization, which means that the company is essentially debt-free.

Rekha R Jhunjhunwala, wife of the Late Rakesh Jhunjhunwala, possesses a 9.96 per cent ownership share in the firm. Furthermore, she is one of the people who hold the largest portion of company shares among public shareholders.

The company has a market cap of Rs 112.31 crore with a 3-year stock price CAGR of 53 per cent. Additionally, the company has very little debt, with only Rs 2.45 crore outstanding. This is just 2.18 per cent of its current market capitalization, which means that the company is essentially debt-free.

According to the shareholding pattern, the promotors of the company (Mahindra & Mahindra Ltd) own a 54.26 per cent stake, FIIs own 0.13 per cent and the rest 43.61 per cent stake is owned by the general public.

According to the annual results, the net sales increased by 53.14 per cent to Rs 60.89 crore, the operating profit increased by 101.56 per cent to Rs 10.32 crore and the net profit increased by 95.61 per cent to Rs 5.79 crore in Q1FY24 over Q1FY23.

The company has a market capitalization of over Rs 14,000 crores and is almost debt-free, with a current debt of only Rs 49.8 crores. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has a 2.01 per cent stake in Tejas Networks Ltd.

In the fiscal year 2022-23, the company also announced a rights issue of 23,69,79,000 equity shares at Rs 2 per share, amounting to Rs 47.40 crore. In FY23, the net sales increased by 25.5 per cent to Rs 19.54 crore and net profit increased by 64.6 per cent to Rs 0.79 crore compared to FY22.