Dark horse stock of the day: This micro-cap company rallies 20 per cent and hit upper circuit today with heavy volumes!

The shares of the company have delivered a return of over 80 per cent to its shareholders over the past one year.

This micro-cap company is engaged in manufacturing high-end precision components (shafts and other trim components) for the general engineering industry, focusing on valve and pump manufacturing. Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the stock opened at Rs 72 per share, compared to the previous day's closing figure of Rs 60 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 72 per share on the NSE. The stock has reached the upper circuit price limit of 20 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 capitalization of Ameya Precision Engineers Limited stands at Rs 54 crore, and the stock has generated an impressive return of around 82 per cent in the past year. 

Stock Price Chart (Weekly)

Financial Performance

As per the Quarterly Results in Q4 FY24, the company reported a revenue of Rs 18.98 crore compared to a revenue of Rs 15.36 crore. The company’s operating profit reached Rs 2.81 crore compared to a profit of Rs 1.65 crore in Q4 FY23. The operating margin stood at 15 per cent. The net profit of the company was Rs 1.84 crore in Q4 FY24 compared to a net profit of Rs 1.15 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 34 crore, compared to Rs 28.51 crore in FY23. The company’s reported an operating profit of Rs 4.18 crore. The company’s profit was Rs 2.96 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 72.69 per cent while the remaining 27.31 per cent is held by the public or retail investors.

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

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