Bulls in Action: This stock skyrocketed more than 10 per cent in todays session!

The company’s net profitability shot up by more than 66 per cent from the corresponding quarter last year to Rs 14.18 crore

On Friday, shares of Yash Pakka skyrocketed more than 10 per cent to make an intraday high of Rs 114.50. The scrip witnessed massive spurt in volume by more than 2.08 times and due to some profit booking, closed 3.22 per cent up at Rs 107.25.   

In Q3FY23, the net sales of the company zoomed more than 46 per cent from Q3FY22 to Rs 114.88 crore. The EBITDA level stood at Rs 27.07 crore, up by 55.75 per cent from last year’s same quarter. The company’s net profitability shot up by more than 66 per cent from the corresponding quarter last year to Rs 14.18 crore.   

Incorporated in 1981, Yash Pakka Limited, is engaged in the business of specialty packaging products manufacturing and trading in specialty papers and Moulded (Tableware) products. The company’s customers comprise major QSR chains and restaurant and hospitality players such as Starbucks, Pizza Hut, KFC, Café Coffee Day, McDonald’s, Social, Flurys, Haldiram’s, Chai Point, etc.   

The stock has witnessed positive traction as it gained more than 31 per cent in just 1 year. Keep a close eye on this trending stock.