India is the second-largest consumer and the third-largest producer of fertilisers in the world. Presently, 25-30 per cent of the domestic demand is met through imports.

Today, the stock of this company was locked at 20 per cent at Rs 29.20.

The stock has increased by more than 150 per cent, while the BSE Sensex has increased just by 6.23 per cent on a YTD basis.

he promoter holding in this small-cap stock is 74.7 per cent with no promoter pledge and the FII/FPI has increased holdings from 0.55 to 0.59 per cent in September 2022 quarter.

The FIIs have shown significant interest in the company as they have increased their stake from 6.04 per cent to 10.02 per cent in the March – June quarter. 

Shares of this company are trading at a PE multiple of 4.42 and an ROE of 49.7 per cent, all of which point to strong managerial performance.

Benchmark indices traded lower throughout the day ahead of the release of US Jobs data. NSE Nifty 50 index slipped 0.62 per cent to close at the 18,700 level while BSE Sensex dipped 415 points.

As a result, the stock is locked on the upper circuit limit of the day. Interestingly, this up-move in the stock price is seen on the back of robust volume as the total traded volume for the day is the highest single-day volume since August 18.

The stock once used to trade in triple digits in the year 2015, however, the stock traded in single digits in the year 2020. It has slowly but steadily picked up the pace and with the current chart structure, it looks set for a turnaround and hence demands to be on the watchlist!

Kolkata-based Finshore Management Services Limited, was the lead manager of Ambo Agritec Limited.