Heavy buying: multibagger small-cap stock skyrockets with a whopping 6 per cent surge; do you own it?
The stock has given multibagger returns of more than 160 per cent in the last 3 years.
On July 03, 2023, Shalby Limited shares surged 6.89 per cent, stock hits fresh 52-week high of Rs 183.70 per share on BSE. The scrip witnessed massive spurt in volume. Sensex trades higher by 0.53 per cent above 65,000 level while Nifty trades higher by 0.51 per cent above 19,200 level.
The key highlights of Q4FY23:
1) Total revenue stood at Rs 199 crore in Q4FY23, witnessing a surge of 22.08 per cent YoY basis as compared to Q4FY22.
2) The operating profit for Q4FY23 is at Rs 26 crore, surge of 8.33 per cent on YoY basis as compared to Q4FY22.
3) Net profit of Rs 14 crore for Q4FY23 is up by 40 per cent on YoY basis, compared to Q4FY22.
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The key highlights for FY23:
1) Total revenue of Rs 805 crore, zoomed by 15.16 per cent on YoY basis over FY22.
2) The operating profit stood at Rs 137 crore, witnessing spike of 12.29 per cent on YoY basis as compared to FY22.
3) PAT stood at Rs 68 crore, jumped 25.92 per cent on YoY basis from FY22.
In India, Shalby Ltd works in the healthcare delivery sector. It has a network of multi-specialty hospitals across India. The company's business is to provide tertiary and quaternary healthcare services to patients in a variety of specialisations such as orthopaedics, complex joint replacements, cardiology, neurology, cancer, renal transplantations, and so on.
The stock has witnessed significant buying activity as it has given returns of more than 79 per cent in just 1 year moreover the stock has given multibagger returns of more than 160 per cent in the last 3 years. Investors should keep an eye on this small-cap hospital stock.