Keep an eye on this stock, which was locked in the upper circuit on February 06
The benchmark indices were trading lower on Monday, with the Sensex down 334.94 points or 0.55 per cent at 60,506.70 and the Nifty down 89.45 points or 0.50 per cent at 17,764.60.
The benchmark indices were trading lower on Monday, with the Sensex down 334.94 points or 0.55 per cent at 60,506.70 and the Nifty down 89.45 points or 0.50 per cent at 17,764.60.
Despite being a weak market today, shares of ASI Industries Ltd, one of the Top Gainers on BSE surged and reached an upper price band of Rs 13.52 per share, after being locked in the 20 per cent upper circuit from its previous closing of Rs 11.27.
The reason behind the rise in stock price was the excellent Quarterly Results (Q3) reported by the company. In Q3FY23, net profit skyrocketed 376.74 per cent to Rs 7.97 crore from net loss of Rs 2.88 crore in Q3FY22. The stock has a 52-week high of Rs 19.35 and a 52-week low of Rs 10.59.
Incorporated in 1945, ASI Industries Limited has a market cap of Rs 121.78 crore. The company is engaged in mining, wind power generation and trading activities. The company has the largest stone mining quarry in the world, spread across 10 square km at Ramganjmandi, Rajasthan.
The shareholding pattern of the firm is promoters holding 72.51 per cent stake and the public holding 27.49 per cent respectively as of December 2022. Investors should keep an eye on this Small-Cap stock.