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

Shares of the company have gained about 65 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 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 65 per cent. On Friday, the stock also made a fresh 52-week high at Rs 2,198.95.

Semac Consultants is in the business of manufacturing blast hole drills and water well drills for various applications like mining, construction, water wells, exploration, etc. It has over 4 decades of product & service experience and has manufactured & sold over 1,000 drilling rigs worldwide.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 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 a growth of 73.48 per cent YoY.

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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 890.40 on September 29, 2022, to Rs 2180.40 on September 29, 2023, an increase of about 140 per cent in a 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.