Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports a 73 per cent increase in net profit!

Shares of the company have gained more than 40 per cent in the last six months.

Shares of Semac Consultants Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has gained about 40 per cent in the last six months.

The company posted strong Quarterly Results in Q1FY24. The revenue of the company stood at Rs 52.11 crore which grew by 40.95 per cent YoY. The operating profit of the company stood at Rs 3.65 crore, while the PAT of the company stood at Rs 2.03 crore, representing an impressive growth of 73.48 per cent YoY.

The company recently changed the name of the company from “Revathi Equipment Limited” to “Semac Consultants Limited” pursuant to the Scheme of Arrangement between Renaissance Advanced Consultancy Limited and Renaissance Consultancy Services Limited and Renaissance Stocks Limited and Revathi Equipment Limited (“the Company”) and Semac Consultants Private Limited and Renaissance Corporate Consultants Limited.

Revathi Equipment manufactures blast-hole drills for mining applications, jack less-drills, water well drills, hydro-fracturing units, and exploratory drills. These are used extensively in coal, copper, gold, iron, zinc, phosphate, bauxite, lignite, and limestone mines. The company's plant is in Malumichampatti in Coimbatore, Tamil Nadu.

Semac Consultants Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 702.10 on August 11, 2022, to Rs 1606.50 on August 11, 2023, an increase of about 110 per cent in one year holding period.

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.