Heavy buying: Back-to-back upper circuit & 52-week high in this micro-cap multibagger stock; scrip up by 375 per cent in just 3 months!
From Rs 67.20 per share to Rs 318.30 per share, the stock gave multibagger returns of 345 per cent in just 3 months.
On Thursday, the benchmark indices ended the trading session in the red. BSE Sensex Index was down by 0.82 per cent at a level of 65,241. On the broader market, indices were trading in green with BSE Mid-Cap Index up by 0.14 per cent and BSE Small-Cap Index up 0.23 per cent.
Despite the market trading mixed, shares of Exhicon Events Media Solutions Ltd hit a 5 per cent upper circuit to Rs 318.30 per share from its previous closing of Rs 303.15. The stock also made a fresh new 52-week high of Rs 318.30 per share. In the recent trading session, the stock is hitting back-to-back upper circuits and 52-week highs.
Recently, the company has successfully established a food and beverage segment to support medium to big corporate events. The section, led by Mr Sachin Mahajan, has served two large corporate events at Messe Global Pune. Eaton Corporation and AXA Insurance Services both held large corporate events in July 2023. Eaton Corporation was the first to place an event order with EXHICON's F&B Services, for their annual event on July 15, 2023. AXA Insurance Services was the second company to utilize EXHICON's services, for their annual event on July 29, 2023, which had more than 1,350 employees in attendance.
Previously, the company signed the memorandum of understanding (MOU) with Chetak Equine Development Private Limited (CEDPL) on July 18, 2023, to Co-organize the Show named Sarangkheda Chetak Festival for the upcoming 10 years.
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Exhicon Events Media Solutions Limited provides products and services for the exhibition, conferences, and events industry. The company has a market cap of over Rs 370 crore and reported excellent numbers in its Quarterly Results and annual results.
From Rs 67.20 per share to Rs 318.30 per share, the stock gave multibagger returns of 345 per cent in just 3 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.