Trending stock: Sequent Scientific trades at lifetime high!

While Sensex is showing signs of fatigue after a stunning recovery in the past couple of sessions, there are a few stocks that are making lifetime highs for themselves. Sequent Scientific was seen buzzing on the bourses during today’s session by trading close to Rs 300 per share on an intraday basis as well as hitting a fresh all-time high for itself. 

The stock, being an outright outperformer, has delivered 73.67 per cent returns on a YTD basis. The stock went up by 282.7 per cent in the last one year. 

One of the strong reasons why the stock is performing well on the bourses is its excellent operating performance, recording a growth of 53.5 per cent on an annualised basis for the past four years. The stock reflected a high RoE and boost of efficient management, leading to excellent financial performance. Its net profit has grown at a CAGR of 58.3 per cent over the past few years thus, helping the company generate market-beating returns. The net sales have grown by more than 18 per cent for the company over the years. 

Superlative operating profit growth, industry-beating net profit growth, positive results QoQ, bullish technical indicators, and market beating returns over the years have caught investors' attention. 

Meanwhile, on the flip side, the promoter holding has reduced marginally even as the P/E ratio for the company stands at 75.70 thus, making it look not cheap. 

Sequent Scientific Ltd is one of the largest manufacturers of veterinary APIs globally and was trading at Rs 291.40 per share at the time of market closing on Friday.