On January 25, 2023, the stock surged more than 3.5 per cent to make an intraday high of Rs 52.75. The scrip witnessed some profit booking and closed 0.79 per cent up at Rs 51.35

For the September quarter ended 2022, the company reported a 40 per cent growth from last year’s same quarter total income to Rs 31.93 crore. The net profit zoomed by more than 87 per cent from the corresponding quarter last year to Rs 6.78 crore. 

The company informed the exchange that they have fixed February 15, 2023, as the record date for the purpose of determining eligible shareholders for split of each equity share into 5 equity shares (1:5)

The amount of cane crushed was larger in the fiscal year 2022 compared to the previous year, which led to an increase in revenue of the company, around 20 per cent on an annual basis

Recently the company, in its press release stated that they have secured approval for registration of the VLT (Vehicle Location Tracking) devices, for usage in the state of West Bengal. 

The company has shown positive traction as it has given multibagger returns of over 247 per cent in just 6 months and over 149 per cent in 1 year. In the past 5 trading sessions, the stock has been hitting consecutive upper circuits and has jumped more than 20 per cent. On a monthly basis, the stock has given outstanding returns of over 73 per cent.  

The speciality chemicals company with the market capitalisation of about Rs 1,900 crore is now in a structurally uptrend phase as per the technical chart.

The FII’s have increased their stake from 11.92 per cent to 18.16 per cent, witnessing the most aggressive FII buying in this period under banking space.   

Despite the volatile action in the broader market, fundamentally good quality Smallcap stocks have seen strong buying interest from the investors as many hit their fresh 52-week high levels at the start of the New Year.

The company has also made great achievements in farming as their ponds produced a world record in shrimp harvesting