Shares of the company gained over 140 per cent in the last six months.

Talking about the financials, SPEC has a market cap of Rs 1,976.23 crore. In Q1FY23, net sales skyrocketed by 140 per cent to Rs 143.28 crore compared to Q1FY23. The company reported a net profit of Rs 4.93 crore in Q1FY24 compared to a net loss of Rs 30.85 crore in Q1FY23 and a net loss of Rs 20.15 crore in Q4FY23.

In Q3FY23, net sales zoomed 36.90 per cent and net profit zoomed 105.84 per cent compared to Q3FY22.  

The stock gave multibagger returns of 115.87 per cent from its 52-week low of Rs 6.30 whereas BSE Small-cap was down by 7.65 per cent.

In the first trading session of 2023 on Monday, the benchmark indices were trading up amid volatility. About 2,304 shares have advanced, 1,304 declined and 180 are unchanged.