Do you own this recently-listed company with 13 consecutive sessions of back-to-back upper circuits?
In a span of less than a month, the stock has delivered over 100 per cent returns!
Fears that major economies will enter a recession as a result of raising interest rates to combat inflation caused the global indices to trade lower. The sell-off in the Indian domestic markets continued on the back of pessimistic global sentiments and expectations of tighter monetary policy. Over the last month, BSE Sensex tumbled more than 5 per cent while Nifty 50 dipped below the 17,000 level.
EP Biocomposites impressed investors with their outstanding performance on the bourses in such challenging circumstances. This newly-listed company has hit back-to-back upper circuits since its BSE debut on September 13, 2022, at Rs 160.25 per share.
On an intraday basis on Thursday, the shares of EP Biocomposites soared, achieving a 52-week high of Rs 346.95 per share on BSE after being locked in the 10 per cent upper circuit for the thirteenth consecutive session. In a span of less than a month, the stock has delivered over 100 per cent returns!
EP Biocomposites Ltd, incorporated in 2020, is a manufacturer as well as a provider of fibre-reinforced polymers (FRP) products for the construction & industrial applications such as door shutters, frames, biodigester, tanks, bio-toilets, and other related products.
Keep a close eye on this scrip for the upcoming sessions!