Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports impressive quarterly result!
Shares of the company have gained about 70 per cent in the last six months.
Shares of Fluidomat Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The company has delivered impressive Quarterly Results. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 12.56 crore which grew by 40.99 per cent YoY. The operating profit of the company stood at Rs 3.96 crore, while the PAT of the company stood at Rs 2.77 crore, representing an impressive growth of 78.29 per cent YoY.
Also read, Avoid these 5 common financial mistakes to secure your future (Part - 1)
Fluidomat Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 157.45 on August 26, 2022, to Rs 361.70 on August 25, 2023, an increase of about 120 per cent in one year holding period.
Fluidomat Limited manufactures a wide range of fixed-speed and variable-speed fluid couplings for industrial and automotive drives. The company provides application-engineering expertise, drive solutions and energy-saving support to their clients. The company’s product range includes Constant Fill/Fixed Speed Coupling, Variable Speed- Scoop Controlled Coupling and Fluid Coupling Support Tools.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
Upper Circuit Multibagger Stock: Transformer Company Receives New Order of Worth Rs 8,56,00,000 from Renewable Power Project Company
-
From Rs 1.10 to Rs 61.85 per share: An investment of Rs 1,00,000 turns Rs 56,22,722 in just 10 months; Hit upper circuit on June 27
-
Multibagger penny stock under Rs 10 hit upper circuit after signing an MoU with Korea EHT
-
Shankar Sharma’s portfolio gains more Rs 4,42,15,407 than Ashish Kacholia from this multibagger textile stock; Hits 10% upper circuit
-
1:10 stock split: Multibagger penny stock under Rs 60 hit upper circuit; Board likely to raise Rs 75 crore via preferential issue