Double Dhamaka: Upper Circuit with 52-Week High; Ashish Kacholia-backed Jewellery Stock Hits Upper Circuit After Lower Circuit on Yesterday!
The company’s shares have delivered an impressive return of over 640 per cent in just 1 year only.
Sky Gold Limited is engaged in designing, manufacturing, and marketing gold jewellery. The company follows a B2B model where its products are primarily sold to mid-range jewellers and boutique stores, selling these products through online platforms and retail stores.
At the start of the day's trading session, the stock opened at Rs 1937.50 per share, compared to the previous day's closing figure of Rs 1937.50 per share on the BSE. Currently, the shares are at Rs 2034.05 per share on the BSE. The stock has reached the upper circuit price limit of 5 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 company's current market capitalization stands at Rs 2692.91 crore, and the stock has generated an impressive return of over 640 per cent in the past 1 year.
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As per the Quarterly Results, in the fourth quarter of FY24, Sky Gold Limited recorded a revenue of Rs 513 crore. The operating profit for Q4 FY24 stood at Rs 25 crore. The net profit for Q4 FY24 was Rs 14 crore. Looking at the annual performance, the company generated a revenue of Rs 1745 crore in FY24, compared to Rs 1154 crore in FY23. The operating profit for FY24 was Rs 77 crore, with a net profit of Rs 40 crore.
Regarding the shareholding pattern, the promoters own 61.32 per cent of the company and the public or retail investors hold 38.64 per cent. The recent update shows that Ashish Kacholia owns a 3.05 per cent stake in the company.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.