DSIJ Mindshare

The stock is up by 26 per cent from its 52-week low of Rs 150.60 per share and has given multibagger returns of over 200 per cent in 5 years.

The company’s shares have delivered a return of around 98 per cent in just 1 year.

The stock has gained over 15 per cent in the last one year.

According to the quarterly results, the net sales increased by 50 per cent to Rs 117 crore and net profit increased by 21.43 per cent to Rs 17 crore in Q4FY23 over Q4FY22. The net sales increased by 42.02 per cent to Rs 365 crore and net profit increased by 30.43 per cent to Rs 60 crore in FY23 over FY22.

Talking about the technical view, the stock has witnessed breakout of the tight range with a massive volume and closed above the moving average ribbon and its key short-term moving averages.