Breakout Bonanza: Stock breaks 900 Day consolidation with 20 per cent jump today

With a market capitalisation of Rs 55 crore, the stock has generated a multibagger return of 110 per cent in just three months.

The stock opened at Rs 100.27, marking a 19.99 per cent increase from the previous day's closing price of Rs 83.56. Throughout the intraday session, the stock surged by 20 per cent, accompanied by significant trading volume in Maestros Electronics & Telecommunications Systems Limited shares, leading to a substantial increase today.

Upon analysing today's share volumes, it is evident that there has been a substantial increase of more than 14.37 times in volumes than its normal trading volumes on the BSE.

Finally, the shares of the company concluded the day up by Rs 16.71, at Rs 100.27 on the BSE. The stock hit the upper circuit price limit of Rs 100.27 during the intraday trading session.

The stock's 52-week highs and lows are recorded at Rs 100.27 and Rs 40.10, respectively. With a market capitalization of just Rs 55.25 Crore, the stock has displayed remarkable performance in recent times, delivering a 42 per cent return in a week and an impressive 110 per cent return in the last three months only.

Financial Performance:

The company announced its June quarter results on August 04. Upon examining the company's financials, revenue from operations experienced an increase of 10.08 per cent YoY, going from Rs 3.96 crore to Rs 10.08 crore. The operating profit of the company increased from Rs 0.51 crore to Rs 2.40 crore, and the operating profit margin increased from 12.88 per cent to 23.81 per cent.

The net profit of the company amounts to Rs 1.83 crore, with net profit margins standing at 18 per cent in FY23. The company's return on capital employed (ROCE) and return on equity (ROE) are at 16.5 per cent and 12.4 per cent, respectively. The book value of the company is Rs 46.4, while the Price to Book Value stands at 2.15 times.

Business Overview:

Maestros Electronics & Telecommunications Systems Limited is a pioneering young corporation based in India, listed on BSE, with over 20 years of experience in design, development, and manufacturing. The company in India focuses on creating products and services for financial inclusion, cardiology, gynecology, critical care patient and disease management in medicine, with rich experience in the latest technologies and communication.