Back-to-Back Upper Circuit Stock: Promoter Bought 1,32,951 Shares Worth Rs 50,57,000 of This Turnaround Micro-Cap Infra Company, Posted Profit After 6 Years of Losses

The shares of the company have delivered a return of around 180 per cent to its shareholders in just 1 year.

The promoters of this micro-cap, which is engaged in the construction business, have purchased shares worth Rs 50.57 lakh from the market as per the latest update. The company was incorporated in 2020.

As per the latest information promoter Shree Vaibhavlakshmi Properties Private Limited purchased 1,30,000 shares worth Rs 49.46 lakh, while Rajhoo A Bbarot purchased 2,951 shares worth Rs 1.11 lakh today.

At the start of the Friday’s trading session, the stock of Atlantaa Ltd opened at Rs 35.28 per share, compared to the previous day's closing figure of Rs 36 per share on the BSE. The stock has reached the upper circuit price limit of 2 per share, 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. Finally, the stock closed the day at Rs 36.72 per share on the BSE. The company's current market capitalisation stands at Rs 299.27 crore, and the stock has generated a multibagger return of around 180 per cent in the past 1 year.

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As per Quarterly Results in Q4 FY24, the company reported a quarterly revenue from operation of Rs 91 crore compared to a revenue of Rs 4 crore, representing a growth of 2261 per cent on YoY basis. The company posted a net profit of Rs 224 crore in Q4 FY24 compared to a net loss of Rs 36 crore.

Turning attention to the annual performance of the company, it reported a revenue of Rs 133 crore, compared to Rs 52 crore in FY23 representing a growth of 157 per cent YoY. Moreover, the company’s net profit stood at Rs 539 crore in FY24 compared to the loss of Rs 32 crore. Moreover, company posted a net profit after 6 years of loses back-to-back.

Investors must keep this micro-cap stock on their radar.

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