Lower to Upper Circuit: Watch out for this multibagger penny stock which saw a heavy demand!

The stock gave multibagger returns of over 573 per cent in just 2 years whereas BSE small-cap Index rose by only 30 per cent.

One of the Top Gainers on the BSE today, shares of Yashraj Containeurs Ltd surged and reached an upper price band of Rs 13.65 per share, after being locked in the 10 per cent upper circuit. The company's stock price has increased significantly today, as a result of recent strong trading activity.  

Today in the pre-opening session the shares of the company started the day touching a lower circuit but by the end of the day, heavy buying was witnessed with a spurt in volume by more than 9.20 times and locked in the upper circuit on BSE.  

In quarterly and annual financial statements, the corporation presented excellent figures. According to annual reports, profit in FY22 was only Rs 0.12 crore, it skyrocketed 3,367 per cent to Rs 4.16 crore in FY23. The stock PE multiple is 5.97 whereas the industry PE multiple is 15.2. The company’s more than 75 per cent shares are owned by the promoters. The stock price CAGR is 63 per cent in just 1 year. All of this points to excellent managerial performance, and hence it witnessed some fresh buying today. 

Yashraj Containeur Ltd is one of India's largest manufacturers of industrial packaging solutions, offering a wide range of standard and speciality steel barrels in various sizes and thicknesses, with a variety of internal and external coatings and configurations.  

The stock gave multibagger returns of over 573 per cent in just 2 years whereas BSE Small-Cap Index rose by only 30 per cent. Investors must keep this stock on their watch list.