Stock below Rs 200: Keep an eye on this stock, which was locked in the upper circuit on December 01

Today, the stock of this company was locked at 20 per cent at Rs 111.60

One of the Top Gainers on the BSE today, shares of Premier Polyfilm Ltd surged and reached an upper price band of Rs 111.60 per share, after being locked in the 20 per cent upper circuit. Additionally, the company's stock price has risen dramatically and has made consecutive upper circuits over the past trading sessions.      

In comparison to FY22, when the net profit was Rs 8 crore, it increased to Rs 10 crore or 25 per cent in FY23, according to the company's annual consolidated financial figures. The company has an ROE of 16.6 per cent, a ROCE of 20.6 per cent and a PE multiple of 27.9. Thus, the increase in the stock price is mainly due to the good numbers that the company announced in quarterly and annual financial statements and hence is witnessing some fresh buying.  

Premier Polyfilm Ltd was incorporated in 1992. The company is mainly engaged in the manufacturing, exporting and sale of calendared PVC films, flexible vinyl flooring, sheeting and leather cloth, etc. Its facilities are located in Sahibabad and Sikandarabad. Today, the shares of Premier Polyfilm Ltd saw a spurt in volume by more than 70 times on BSE.  

The stock is up by 64.5 per cent in 1 year while BSE Sensex is up by 8.25 per cent in 1 year. Investors must keep this stock on their watch list.