Explosive profit surge: Micro-cap stock skyrockets on 165 per cent growth, triggers upper circuit!

The stock is up by 21 per cent in 1 year and over 50 per cent in 2 years.

On Wednesday, one of the Top Gainers on BSE, shares of Shemaroo Entertainment Ltd were locked in a 10 per cent upper circuit to Rs 129.70 per share from its previous closing of Rs 117.95. The shares of the company saw a spurt in volume by more than 2 times on BSE.  

The reason behind the stock being locked in upper circuit is because of the fantastic numbers in its Quarterly Results (Q4FY23) and annual results (FY23).   

The net sales rose by 75 per cent and the net profit skyrocketed 165 per cent in Q4FY23 over Q4FY22. In FY23, the net sales rose by 23 per cent and net profit skyrocketed by 123 per cent over FY22. The company has a market cap of Rs 353 crore with a 3-year CAGR of 12 per cent.

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Shemaroo Entertainment Limited is engaged in the distribution of content for broadcasting of satellite channels, physical formats and emerging digital technologies like mobile, internet, broadband, IPTV and DTH among others.   

The stock is up by 21 per cent in 1 year and over 50 per cent in 2 years. Investors should keep an eye on this micro-cap stock.