Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!

Shares of the company gained more than 300 per cent in the last six months.

Shares of Exhicon Events Media Solutions Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock also made a 52-week high of Rs 296.25. In the last six months, the stock has gained about 300 per cent.

Earlier, on 18^th July 2023, the company informed that it has 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.

The company posted impressive half-yearly Results in H2FY23. The revenue of the company stood at Rs 29.53 crore which grew by 181.45 per cent YoY. The operating profit of the company stood at Rs 6.91 crore which grew by 42.93 per cent on a YoY basis, while the PAT of the company stood at Rs 4.84 crore, which increased by 42.93 per cent YoY.

Exhicon Events Media Solutions Limited provides products and services for the exhibition, conferences, and events industry. The company offers media and integrated marketing solutions, event infrastructure, and management to organize B2B and B2C fairs and events.

Shares of Exhicon Events Media Solutions Limited have also delivered multibagger returns to its shareholders in the last six months. During this period, the company’s share price jumped from Rs 64.20 on April 17, 2023, to Rs 296.25 on July 31, 2023, an increase of about 300 per cent.

Investors should keep a close eye on this stock.

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