Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!

Shares of the company gained more than 100 per cent in the last six months.

Shares of Sarthak Metals Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock also made a 52-week high of Rs 281.95. In the last six months, the stock has gained about 104 per cent.

Sarthak Metals Limited has also delivered multibagger returns to its shareholders. During this period, shares of Sarthak Metals Limited surged from Rs 103.30 on July 11, 2022, to Rs 281.60 on July 08, 2023, an increase of about 166 per cent in a one-year holding period.

In Q4FY23, the revenue of the company stood at Rs 80.82 crore which declined by 45.11 per cent YoY. The operating profit of the company stood at Rs 8.46 crore which declined by 31.04 per cent on a YoY basis, while the PAT of the company stood at Rs 5.79 crore, which decreased by 28.39 per cent YoY.

Sarthak Metals Limited was incorporated in 1995 and is a part of the DB group. The company is engaged in the manufacturing of Cored wires, Aluminium wire rods, and Wire feeder machines which have wide application in various steel-making processes like Steel plants, Fabrication units, and foundries.

The stock has gained more than 500 per cent in the last five years, and investors should keep a close eye on this stock.