52-week high alert: This multibagger stock got locked at upper circuit after reporting more than 10x jump in net profit!

The stock has witnessed heavy buying as it has given multibagger returns of more than 180 per cent in just 6 months and more than 160 per cent in just 1 year.

On Thursday, shares of SKM Egg Products Export (India) Ltd zoomed and got locked at 10 per cent upper circuit level of Rs 194.55. The scrip witnessed a massive spurt in volume by more than 2.10 times. 

For quarter ended December 31, 2022, total revenue of the company surged more than 120 per cent from last year’s same quarter to Rs 177.07 crore. The net profit of the company skyrocketed more than 900 per cent from the corresponding quarter last year to Rs 27.24 crore. 

SKM Egg Products Export is engaged in the manufacture and sale of egg powder and liquid egg with varieties of blends used in various segments of the food industry and in the health sector. SKM Egg Products has one of the largest egg processing plants in Asia with a capacity to process 1.8 million eggs per day to produce 6500 tonnes of egg powder annually. 

The stock has witnessed heavy buying as it has given multibagger returns of more than 180 per cent in just 6 months and more than 160 per cent in just 1 year. In the last 1 month, the stock has surged more than 35 per cent.  Keep a close eye on this trending multibagger stock.