Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02

Kiran Shroff
/ Categories: Trending, Mindshare
Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02

The stock is up by 15 per cent in 1 month, up 182.05 per cent in 2 years and over 320 per cent in 3 years.

On Friday, the Indian benchmark indices ended the trading session higher. BSE Sensex Index was up by 0.19 per cent to a level of 62,547.11 and NSE Nifty-50 Index was up by 0.25 per cent to a level of 18,534. About 2,137 shares have advanced, 1,413 declined, and 125 are unchanged on the BSE.

One of the Top Gainers on BSE, shares of Chothani Foods Ltd zoomed 20 per cent upper circuit to Rs 13.20 per share from its previous closing of Rs 11. The stock has a 52-week high of Rs 21.55 and a 52-week low of Rs 9.21.

The reason behind the sudden rise in stock price is due to the company announced its Quarterly Results and annual results for the year ended March 31, 2023.

According to the financials, Chothani Foods has a market cap of Rs 6.81 crore. The net sales increased by 20 per cent to Rs 4.90 crore in Q4FY23 over Q4FY22. The company reported a net profit of Rs 0.08 crore in Q4FY23 compared to a net profit of Rs 0.19 crore in Q4FY22. The net sales increased by 12.33 per cent and net profit increased by 30 per cent in FY23 over FY22.

 

DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

 

Chothani Foods Limited produces condiments. The company engages in the manufacturing, exploring, and supplying a range of spices and vegetable powder. Chothani Foods serves customers in India.

The stock is up by 15 per cent in 1 month, up 182.05 per cent in 2 years and over 320 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Rate this article:
4.0

1 comments on article "Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02"

Avatar image

Bala

Send

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary29-Sep, 2023

Penny Stocks30-Sep, 2023

Mindshare30-Sep, 2023

Mindshare30-Sep, 2023

Mindshare29-Sep, 2023

Knowledge

General26-Sep, 2023

Technical25-Sep, 2023

Technical24-Sep, 2023

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Investment in securities market are subject to market risks.Read all the related documents carefully before investing.
Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.