14,644 per cent Multibagger Stock Under Rs 40: Back-to-Back Upper Circuit, Keep This Agro Product Company on Watchlist for Tomorrow
The shares of the company have delivered a return of over 9300 per cent to its shareholders in just 1 year.
This Small-Cap incorporated in 1994, operates in the trading of agricultural products and related activities. The company engages in the development of agricultural and forest resource-based industries. Additionally, it undertakes the planting, cultivation, production, and management of various agricultural crops, forests, plantations, horticultural crops, greenhouses, net houses, as well as medicinal and aromatic plants on its own farms or leased lands. Furthermore, the company conducts business as a manufacturer, importer, exporter, wholesaler, retailer, and dealer of various agricultural and other commodities. Today the company experienced a significant surge in its share price.
At the start of the day's trading session, the share of Spright Agro Ltd opened at Rs 39.81 per share, compared to the previous day's closing figure of Rs 37.92 per share on the BSE. Finally, it closed at Rs 39.81 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Spright Agro Ltd stands at Rs 2132 crore, and the stock has generated an impressive multibagger return of around 587 per cent in just 6 months only.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 43.76 crore. The operating profit for Q4 FY24 stood at Rs 6.19 crore, resulting in an operating profit margin of 14.15 per cent. The net profit for Q4 FY24 was Rs 5.78 crore compared to a loss of Rs 0.02 crore. Looking at the annual performance, the company generated a revenue of Rs 72 crore in FY24, compared to Rs 8 crore in FY23. The operating profit for FY24 was Rs 13 crore, with a net profit of Rs 12 crore.
Investors must keep this small-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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