Multibagger penny stock under Rs 25: Back-to-back upper circuit in this micro-cap stock; reports 131 per cent jump in net profit!

Shares of the company have gained more than 15 per cent in the last six months.

Shares of Bhatia Communication & Retail (India) Limited were locked in the upper circuit on Thursday, 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. The stock has gained over 180 per cent in the last three years.

The company posted strong Quarterly Results. The company's revenue for Q1FY24 stood at Rs 97.07 crore which grew by 41.11 per cent YoY. The operating profit of the company stood at Rs 5.41 crore, while the PAT of the company stood at Rs 3.58 crore, representing a growth of 131.91 per cent YoY.

The company is a debt-free company and has a strong brand image with exclusive agreements with leading brands. The promoters of the company hold 73.6 per cent shares of the company. The company is also planning to open bigger size stores to house multiple products and increase productivity.

Bhatia Communication & Retail (India) Limited is engaged in retail and wholesale distribution of mobile handsets, tablets, data cards, mobile accessories, mobile-related products, etc. The company sells smart mobile handsets of all the brands including Apple iPhone, Samsung, OPPO, GIONEE, VIVO etc., mobile-related products, tablets, data cards, and accessories under one roof through its owned 162 retail outlets chain located all over the South Gujarat region including Surat, Vapi, Valsad, Navsari, Vyara etc.

Investors should keep a close eye on this stock.

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