52-week high alert: This stock zoomed more than 17 per cent after reporting stellar Q3 results!

The company’s net profitability skyrocketed more than 134 per cent from the corresponding quarter last year

On Monday, shares of Chaman Lal Setia Exports zoomed more than 17 per cent to trade on a new 52-week high value of Rs 155.20. The scrip witnessed a massive spurt in volume by more than 14.26 times.   

For the quarter ended December 31, 2022, the revenue from operations grew by 62 per cent on YoY basis to Rs 353.9 crore. The EBITDA level shot up by more than 130 per cent from last year’s same quarter, to Rs 51.4 crore. The company’s net profitability skyrocketed more than 134 per cent from the corresponding quarter last year, to Rs 37.5 crore.   

The company has already exceeded their FY22 revenue and continues to drive sustained momentum by expansion of market share and focus towards their execution excellence. Given their commercial strength, they are well-positioned to leverage on the growing opportunities.   

Chaman Lal Setia Exports Limited is one of India’s largest basmati rice exporters. It has processing facilities in Karnal (Haryana) and Kandla (Gujarat). The company exports under its flagship brand “Maharani” apart from private labels to more than 90+ countries and has 440+ distributors spread across the world.  

The stock has witnessed strong buying as it has surged more than 46 per cent in just 1 year and more than 33 per cent in 6 months. In the past 5 trading sessions, the stock has outperformed BSE Sensex, to surge more than 19 per cent.   

Keep a close eye on this trending stock.