Promoter Bought 2,09,419 Shares: This Small-Cap Stock Rallied and Hit Upper Circuit Today, Gains Over 60 per cent in Just 13 Days!

The shares of the company have delivered a return of over 80 per cent to its shareholders.

Incorporated in 1983, This Small-Cap company specializes in crafting top-notch piping solutions and accessories, including gas pipes, telecom ducts, submersible pipes, and casing pipes. With a total of 33 extrusion lines dedicated to PVC pipes, 14 for HDPE and drip irrigation, and 27 injection molding machines, KIIL ensures seamless fluid transmission, primarily water, from one location to another. Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the stock opened at Rs 173.40 per share, compared to the previous day's closing figure of Rs 163.85 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 180.20 per share on the BSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.

Promoter group Kriti Nutrients Limited and Purnima Mehta bought collectively 209,419 shares worth Rs 2.61 crore. 

The Kriti Industries' current market capitalization stands at Rs 812.75 crore, and the stock has generated an impressive return of around 61 per cent in the past year.

Financial Performance

As per Quarterly Results in Q4 FY24, the company reported revenue of Rs 194.62 crore compared to Rs 188.35 crore, representing a growth of 3.33 per cent YoY. The company reported an operating profit of Rs 13.79 crore compared to a profit of Rs 15.65 crore in Q4 FY23. The company reported a net profit of Rs 3.60 crore in Q4 FY24 compared to a net profit of Rs 15.99 crore. Turning attention to the company's annual performance, it reported revenue of Rs 867 crore compared to Rs 732 crore in FY23. The company reported an operating profit of Rs 59 crore. The company’s net profit stood at Rs 22 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 66.35 per cent, the FIIs hold 0.01 per cent while the public or retail investors hold the remaining 33.64 per cent. 

Investors must keep this small-cap multibagger stock on their radar.

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