1,200 per cent returns: This multibagger micro-cap company reports a 220 per cent jump in net profit; stock hits upper circuit!
1,200 per cent returns: This multibagger micro-cap company reports a 220 per cent jump in net profit; stock hits upper circuit!

1,200 per cent returns: This multibagger micro-cap company reports a 220 per cent jump in net profit; stock hits upper circuit!

The stock gave multibagger returns of 170 per cent in just 1 year whereas BSE Sensex Index is up by 23.67 per cent.

Kiran Shroff Article rating: 3.6

According to the standalone quarterly results (Q1FY24), the net sales increased by 11.35 per cent to Rs 13.20 crore and net profit skyrocketed 220 per cent to Rs 0.32 crore in Q1FY24 over Q1FY23. According to the consolidated quarterly results (Q1FY24), the net sales increased by 21.52 per cent to Rs 14.40 crore and net profit skyrocketed 220 per cent to Rs 0.32 crore in Q1FY24 over Q1FY23.

Stocks below Rs 100: Only buyers seen in these scrips on June 30
Stocks below Rs 100: Only buyers seen in these scrips on June 30

Stocks below Rs 100: Only buyers seen in these scrips on June 30

The Asia Pacific markets fell, despite the rise in Chinese markets as the data depicting the factory activity grew in June was released.

Sayali Kotwal Article rating: 4.5

At 11.30 am on Thursday, the headline equity indices, i.e. Sensex and Nifty 50 were trading significantly higher owing to positive global cues, as the markets seem to be recovering from losses of the past two weeks. 

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