Price break out today: This stock gave a staggering 102 per cent return in just one year!

The stock is up by 5.97 per cent in one day while BSE Sensex is just up by 0.45 per cent in one day.

Today, shares of Everest Industries closed at Rs 771.75 as the stock hit through, gaining 5.97 per cent. The company experienced a price breakout in today's trading session therefore the stock price increased with a spurt in volume of more than 1.69 times. Buying was seen due to some forward-looking plans by the company.  

The share price increase was mainly due to the company's consistently positive results over the past 3 financial years and thus supporting new share purchases. The company witnessed a 12.05 per cent rise in sales in FY23 compared to FY22, whereas net profit was down by 21.83 per cent during the same period on an annual consolidation basis. The stock has given an astounding 102 per cent return in 6 months. Also, the company financial ratio reported a PE multiple of 32.6 per cent, ROE of 8.84 per cent and ROCE of 13.2 per cent   

Everest Industries Ltd is one of India’s leading and fastest-growing complete building solutions providers. Incorporated in 1934, the company has a rich history in the manufacturing of building materials and pre-engineered steel buildings. The stock is up by 5.97 per cent in one day while BSE Sensex is just up by 0.45 per cent in one day.   

Investors should keep an eye on this stock in the upcoming trading sessions.