Stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on December 13
The stock has increased by 54.72 per cent year to date, although the BSE Sensex has only increased by 5.66 per cent.
One of the Top Gainers on the BSE today, shares of Yashraj Containeurs Ltd surged and reached an upper price band of Rs 9.84 per share, after being locked in the 20 per cent upper circuit. The company's stock price has increased significantly today, as a result of recent strong trading activity.
In quarterly and annual financial statements, the corporation presented excellent figures. According to annual reports, profit in FY22 was only Rs 0.12 crore, it skyrocketed 3,367 per cent to Rs 4.16 crore in FY23. The stock PE multiple is 3.63 whereas the industry PE multiple is 15.2. The company’s more than 75 per cent of shares are owned by the promoters. The stock price CAGR is 59 per cent. All of this points to excellent managerial performance and hence it witnessed some fresh buying today.
Yashraj Containeur Ltd is one of India's largest manufacturers of industrial packaging solutions, offering a wide range of standard and specialty steel barrels in various sizes and thicknesses, with a variety of internal and external coatings and configurations. Today, the shares of the company saw a spurt in volume by more than 5.77 times on BSE.
The stock has increased by 54.72 per cent year to date, although the BSE Sensex has only increased by 5.66 per cent. Investors must keep this stock on their watch list.