Heavy buying: Back-to-back upper circuit in this micro-cap multibagger defence stock; gains over 600 per cent!
Shares of the company have gained about 50 per cent in the last one year.
Shares of Sika Interplant Systems Limited were locked in the upper circuit on Monday, 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. In the last six months, the stock has gained about 100 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 24.62 crore which grew by 86.63 per cent YoY. The operating profit of the company stood at Rs 5.05 crore, while the PAT of the company stood at Rs 3.57 crore, representing a growth of 62.1 per cent YoY.
Also read, The power of emergency funds: Why and how to build one
Shares of Sika Interplant Systems Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 230.35 on October 16, 2020, to Rs 1146.80 on October 16, 2023, an increase of about 400 per cent in a three-year holding period. While in the last five years, the stock gained over 600 per cent.
Sika Interplant Systems Limited is an engineering-driven company focused on providing products, systems and services to the Aerospace, Defence & Space and Automotive sectors in India. The company has in-house capabilities in design, development and manufacturing and has tie-ups with internationally reputed companies to offer advanced technology solutions competitively
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.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.