Heavy buying and 600 per cent returns: Back-to-back upper circuit in this multibagger stock; reports 123 per cent increase in net profit!
Shares of the company gained more than 80 per cent in the last six months.
Shares of Sky Gold Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The stock has gained more than 80 per cent in the last six months.
The company posted brilliant Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 513.38 crore which grew by 90.2 per cent YoY. The operating profit of the company stood at Rs 26.89 crore, while the PAT of the company stood at Rs 13.61 crore, representing an impressive growth of 123.9 per cent YoY. The stock has delivered multibagger returns of over 600 per cent in one year.
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Sky Gold Limited is engaged in the business of designing, manufacturing and marketing of gold jewelleries since 2008. The company follows a B2B model where the products are mainly sold to mid-range jewellers and boutique stores who sell these products through online platforms and retail stores. Ace investor Ashish Kacholia owns 3.05 per cent stake in the company. The company has reputed clients like Malabar Gold, Joyalukkas, Senco , Khazana Jewellers, Khimji, Kalyan Jewellers, GRT, Istaara etc.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.