Dark Horse Stock of the Day: Small-Cap Infrastructure Stock rallies 10 per cent with Heavy Volume, Hits Upper Circuit, Gains Over 750 per cent in Just 1 Year!
The shares of the company have delivered a return of over 770 per cent to its shareholders.
This Small-Cap infra company, incorporated in 2013, focuses on engineering, executing, testing, commissioning, and maintaining mechanical and rotary equipment for a diverse range of industries including oil and gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants. Today the company experienced a significant surge in its share price.
At the start of the day's trading session, the share of RBM Infracon opened at Rs 550.85 per share, compared to the previous day's closing figure of Rs 500.80 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 550.85 per share on the NSE. The stock has reached the upper circuit price limit of 10 per cent, 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.
The current market capitalisation of RBM Infracon stands at Rs 464.97 crore, and the stock has generated an impressive multibagger return of around 779 per cent in just 1 year only.
Stock Price Chart (Weekly)
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 57.29 crore. The operating profit for Q4 FY24 stood at Rs 7.74 crore, resulting an operating profit margin of 13.51 per cent. The net profit for Q4 FY24 was Rs 4.08 crore.Looking at the annual performance, the company generated a revenue of Rs 130 crore in FY24, compared to Rs 83 crore in FY23. The operating profit for FY24 was Rs 19 crore, with a net profit of Rs 11 crore.
Regarding the shareholding pattern, the promoters own 61.41 per cent of the company, while FIIs and DIIs collectively hold 1.17 per cent and 1.94 per cent, respectively. Public or retail investors hold the remaining 35.48 per cent.
Investors must keep this small-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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