20 per cent upper circuit alert: Mukul Agarwal gains Rs 3,18,72,000 in this multibagger stock in just one day; PAT surges over 200 per cent!

Shares of the company gained more than 160 per cent in the last six months.

Shares of Concord Control Systems Limited gained over 20 per cent today. The stock has witnessed heavy buying activity from investors in the last few days. Ace investor Mukul Agarwal holds a 4.01 per cent stake in the company. The company reported robust Quarterly Results for Q2FY24, with revenue increasing by 15.83 per cent YoY to Rs 30.45 crore. The operating profit and PAT grew 181.46 per cent and 203 per cent YoY to Rs 8.37 crore and Rs 6.07 crore, respectively.

Ace investor Mukul Agarwal made a killing on Tuesday, gaining over Rs 3.18 crore in profit on his 2,40,000 shares in Concord Control Systems, which soared by Rs 132.80 per share. The stock has also delivered multibagger returns of over 300 per cent in the past one year.

Concord Control Systems Limited is engaged in the business of manufacturing and supplying coach-related and electrification products for Indian Railways and other railway contractors. Its R&D capabilities include product engineering, product simulation, prototyping and testing which are mainly undertaken at its manufacturing facilities. With its R&D capabilities, it is currently developing several new products like the company is in the process of developing product prototypes of Control and Relay Panels.

Today, the stock opened at Rs 685.00, with a high and low of Rs 796.80 and Rs 685.00, respectively. The stock closed trading at Rs 799.00, which increased by 20.00 per cent. The stock has a 52-week high of Rs 799.00 and a 52-week low of Rs 178.20.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.