Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; reports a 415 per cent jump in net profit!

Shares of the company have gained more than 80 per cent in the last six months.

Shares of SKM Egg Products Export (India) Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock also made a 52-week high of Rs 292.15. In the last six months, the stock has gained about 80 per cent.

The company posted brilliant Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 210.23 crore which grew by 58.14 per cent YoY. The operating profit of the company stood at Rs 52.15 crore, while the PAT of the company stood at Rs 35.26 crore, representing an impressive growth of 415.5 per cent YoY.  

SKM Egg Products Export (India) Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 68.00 on August 05, 2022, to Rs 292.35 on August 04, 2023, an increase of about 330 per cent in one year holding period.  

SKML is engaged in the manufacture & sale of egg powder and liquid eggs with varieties of blends used in various segments in the food industry, such as bakery & confectionery, noodles & pasta, meat & fish products, mayonnaise & salad dressing, and also in the health & pharmaceuticals sector. The company has an installed capacity to break 1.8 million eggs per day to produce 7500 MT of egg powder annually.

Disclaimer: The article is for informational purposes only and not investment advice.