Dark Horse Stock of the Day: This micro-cap company rallies 10 per cent and hit upper circuit today with heavy volumes!
The shares of the company have delivered a return of over 436 per cent to its shareholders in the last 3 years.
This micro-cap company is engaged in providing general contracting and project management services. Today the company experienced a significant surge in its share price. The company was incorporated in 1973.
At the start of the day's trading session, the stock opened at Rs 152.55 per share, compared to the previous day's closing figure of Rs 138.70 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 152.55 per share on the BSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalisation of Conart Engineers stands at Rs 47.90 crore, and the stock has generated an impressive return of around 265 per cent in the past year.
Stock Price Chart (Weekly)
Financial Performance
As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 26.44 crore compared to a revenue of Rs 8.53 crore. The company’s operating profit reached Rs 1.63 crore compared to a profit of Rs 0.88 crore in Q4 FY23. The operating margin stood at 6.16 per cent. The net profit of the company was Rs 1.79 crore in Q4 FY24 compared to a net profit of Rs 0.66 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 48.89 crore, compared to Rs 35.49 crore in FY23. The company reported an operating profit of Rs 3.52 crore. The company’s profit was Rs 3.08 crore in FY24.
According to the shareholding pattern, the promoters of the company hold 44.55 per cent while the remaining 55.45 per cent is held by the public or retail investors.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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