Multibagger Small-cap Stock hits All-time High with 20 per cent upper circuit and strong Q1FY25 Results
The company has market cap of Rs 1328.37 crore and it has shown a notable return of 216.33 per cent from its 52-week low.
Arrow Greentech Ltd is currently trading at Rs 943.3, and on Monday, August 05, 2024 the stock locked in the 20 per cent upper circuit from the previous close of Rs 786.1. The stock has also hit its 52-week high of Rs 943.3 today. With a market cap of Rs 1328.37 crore, the company has shown a notable multibagger return of 181 per cent in last one year. The trading volume today was 18.23 lakh shares, indicating a price volume breakout and volume spike. The RSI stands at 86.46, suggesting the stock is in the overbought territory.
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On Saturday Arrow Greentech Ltd released its Quarterly Results for June 2024.
In the quarterly results for June 2024, revenue increased to Rs 6,516 crore, up by 103.56 per cent year-on-year and 31.00 per cent quarter-on-quarter. Net profit also rose to Rs 2,123 crore, representing a 143.18 per cent increase year-on-year and a 33.61 per cent rise from the previous quarter. For the full fiscal year 2024, revenue grew to Rs 149 crore, reflecting a 36.70 per cent increase from FY23, while net profit increased to Rs 29 crore, showing a growth of 141.67 per cent over the same period. The company has delivered good profit growth of 30 per cent CAGR over last 5 years.
Earlier, Arrow Greentech was granted the patent in India for its innovation titled "A system and method of preparing a cold-water soluble film for delivering heat sensitive active ingredients". The patent was granted on Feb. 20 this year and is valid for 20 years, starting from Jan. 26, 2020, according to a Monday filing.
Incorporated in 1982, Arrow Greentech Ltd is in the business of bio-degradable (green) products, high-tech products and having Patents income for such products /technology
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.