The stock gave multibagger returns of 197 per cent in just 1 year and a whopping 2,000 per cent in 5 years.

In Quarterly Results of Q3FY24 company reported a 3.2 per cent decrease in net profit to Rs. 107.4 crore for the third quarter ending December 31, 2023, compared to Rs. 111 crores in the same period last year. However, the company witnessed a significant uptick in revenue from operations, recording a 23.9 per cent rise to Rs. 2,876.8 crore from Rs. 2,322.4 crore in the corresponding quarter of the previous fiscal.

Market volatility, as indicated by India VIX, has declined by 2.2 per cent, reflecting a decrease in market volatility.

FIIs have increased their stake in the company from 1.61 per cent to 1.84 per cent according to the recent update.

There is one stock from the paints manufacturing industry and a part BSE Small-Cap Index, which is making the round on D-Street as this could be the next Asian Paints. 

The broader markets were in red territory, with the BSE Mid-cap Index down 0.47 per cent and the BSE Small-cap Index down 0.15 per cent.

On April 08, 2024, foreign institutional investors (FII) offloaded shares worth Rs 684.68 crore, while domestic institutional investors (DII) bought shares worth Rs 3,470.54 crore.

In February 2024, FIIs bought 4,62,33,331 shares and increased their stake to 6.21 per cent compared to December 2023 and DIIs have increased their stake to 0.19 per cent in February 2024 compared to 0.04 per cent in December 2023.

With 1,706 stocks advancing and 1,996 declining, the broader market sentiment indicates a negative bias.

The company’s shares have been hitting back-to-back upper circuits with robust volumes for the last few days.