Stock below Rs 20: Keep an eye on this stock, which was locked in the upper circuit on November 24

Today, the stock of this company was locked at 20 per cent at Rs 17.92.

One of the Top Gainers on the BSE today, shares of Comfort Commotrade Ltd surged and reached an upper price band of Rs 17.92 per share, after being locked in the 20 per cent upper circuit. Additionally, the company's stock price has risen dramatically and has made consecutive upper circuits over the past trading sessions.     

In comparison to Q2FY22, when the net profit was Rs 0.86 crore, it increased to Rs 7.90 crore or 821.10 per cent in Q2FY23, according to the company's quarterly financial figures. The increase in the stock price is mainly due to the good numbers that the company announced in Q2FY23 and hence is witnessing some fresh buying.  

Founded in 2007, Comfort Commotrade Ltd is a Small-Cap business with a market cap of Rs 15.03 crore. It is engaged in the equity market and the commodity market. Today, the shares of Comfort Commotrade Ltd saw a spurt in volume by more than 2 times on BSE.    

The stock is up by 56 per cent in one year while BSE Sensex is up by 4 per cent in one year. Investors must keep this stock in their watch list.