From Rs 15.01 to Rs 36.66 per share in just 345 days: Multibagger penny stock was locked in upper circuit on March 07, PAT zooms over 150 per cent!

The maximum share is owned by the promoter of the company (64.74 per cent) and rest is by FIIs, DIIs and general public.

On Thursday, the domestic benchmark indices were trading in green, with the BSE Sensex Index up 0.10 per cent at a level of 74,157. On BSE about 2,182 shares have advances, 1,598 were declines and 124 were unchanged.

Today, shares of Nandan Denims Ltd, being one the Top Gainers on BSE, zoomed 5 per cent upper circuit to Rs 36.66 per share from its previous closing of Rs 34.92. The stock has a 52-week high of Rs 40.66 and a 52-week low of Rs 15.01.  

Nandan Denim Ltd, a major denim manufacturer in India, produces various fabric types including denim, yarn, and shirting. They supply their products to over 27 countries and major retailers worldwide, with a production capacity of 110 million meters per annum for denim alone. The company also has its own research and development facilities for product innovation. Today, shares of the company saw a spurt with total quantity traded of over 6.60 lakh shares on BSE & NSE

Nandan Denims has a market cap of over Rs 500 crore. The company reported positive numbers in its Quarterly Results and annual results. According to quarterly results, the net sales increased by 76 per cent to Rs 462.18 crore and net profit increased by 154 per cent to Rs 7.96 crore in Q3FY24 compared to Q3FY23.

The maximum share is owned by the promoter of the company (64.74 per cent) and rest is by FIIs, DIIs and general public. From Rs 15.01 to Rs 36.66 per share, the stock gave multibagger returns of over 140 per cent in just 345 days. Investors should keep an eye on this textile stock under the radar.