This Microcap stock hits 20 per cent upper circuit today!
this microcap company has shown good traction this year as it has delivered over 74 per cent on YTD basis
Agri-Tech (India) is engaged in the business of corporate farming. Their major farms are situated in various villages in Aurangabad. The company is into the production of horticulture crops, basically mangoes.
On Wednesday, shares of Agri – Tech (India) Ltd skyrocketed nearly 20 per cent from the previous closing level of Rs 93.85 and got locked at the upper circuit level of the day. The scrip witnessed a massive spurt in volume by more than 14.81 times as it kept the buyers busy.
Recently, the stock announced its Quarterly Results and showed a 4.76 per cent growth in its sales from the previous quarter last year at Rs 0.01 crore. The EBITDA level surged 1800 per cent from last year’s quarter to stand at Rs 0.17 crore. The company’s net profit showed a growth of 111 per cent from the corresponding quarter last year.
With a market cap of 66.88 crore, this microcap company has shown good traction this year as it has delivered over 74 per cent on YTD basis, beating the BSE Sensex which has only delivered 5.45 per cent on YTD basis.
Keep a close eye on this trending micro-cap stock.