Stock under Rs 60: Shares of this micro-cap company hit upper circuit on stellar H2FY23 & FY23 results!
The stock is up by 48.33 per cent from its 52-week low of Rs 36 per share.
On Friday, one of the Top Gainers on BSE, shares of Bhatia Colour Chem Ltd zoomed 20 per cent upper circuit to Rs 53.40 per share from its previous closing of Rs 44.50. The stock has a 52-week high of Rs 85.10 and a 52-week low of Rs 36.
The sudden rise in the stock price is due to the company announcing its excellent half-yearly and annual results for the year ended March 31, 2023. Details are as follows:
Half-Yearly Results: The net sales increased by 329.30 per cent, and the net profit increased by 225.25 per cent, with an EPS of Rs 2.76 in Q4FY23 over Q4FY22.
Annual Results: The net sales increased by 680.89 per cent, and the net profit increased by 428.96 per cent, with an EPS of Rs 2.25 in FY23 over FY22.
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Bhatia Colour Chem Ltd was listed on BSE on March 25, 2022. The company does trading and manufacturing of textile chemicals and auxiliaries. Bhatia Colour Chem serves customers worldwide. The company has a market cap of Rs 65.33 crore.
The stock is up by 48.33 per cent from its 52-week low of Rs 36 per share. Investors should keep an eye on this micro-cap stock.