By hitting back-to-back upper circuits, this company soared 137 per cent in just one month!

This multi-bagger textile stock has been hitting the upper circuit since June 1, 2022.

On Friday, only buyers were seen in the case of Baroda Rayon Corporation as the scrip hit a 5 per cent upper circuit and made a fresh 52-week high at Rs 11.04 per share on BSE. It witnessed over a sixteenfold spurt in its volume. This Regarding the company’s financial performance in Q4FY22, Baroda Rayon Corporation recorded a net profit of Rs 355.27 crore in comparison with the net loss of Rs 123.31 crore in the same quarter of the previous year, surging 388.11 per cent. Baroda Rayon Corporation has a market capitalisation of Rs 25.29 crore. Promoters held a 47.54 per cent stake in the company as of March 31, 2022. Institutional investors have a total stake of 1.49 per cent while non-institutional investors have a total stake of 50.97 per cent.     

The company is engaged in the textile industry in Surat (Gujarat), a city basically known worldwide for its textile business. It is involved in the manufacturing and sale of viscose filament yarn, nylon yarn, polyester yarn, and other byproducts. 

Keep a close eye on this scrip for the upcoming sessions.