20 per cent upper circuit: Heavy buying witnessed in this penny stock below Rs 15!
The scrip witnessed massive spurt in volume by more than 20.83 times
On Tuesday, shares of Alankit zoomed and got locked at 20 per cent upper circuit to trade at an intraday high of Rs 11.31 apiece on BSE. The scrip witnessed massive spurt in volume by more than 20.83 times.
In March 2023, the net sales reached Rs 47.16 crore, showing a significant increase of 99.15 per cent compared to the Rs 23.68 crore in March 2022. The EBITDA for March 2023 stood at Rs 11.17 crore, demonstrating a remarkable growth of 190.13 per cent compared to the Rs 3.85 crore achieved in March 2022. During the same period, the quarterly net profit amounted to Rs 6.23 crore, marking a substantial surge of 403.45 per cent from the Rs 1.24 crore recorded in March 2022.
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Alankit is mainly in the business of e-Governance and e-Governance products. The company's e-Governance business has developed a proven track record through the successful completion of several e-Governance projects.
The stock has witnessed significant buying activity as it has zoomed more than 40 per cent in just 3 months. Keep a close eye on this trending penny stock.