Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports impressive quarterly result!

Shares of the company have gained about 70 per cent in the last six months.

Shares of Fluidomat Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The company has delivered impressive Quarterly Results. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 12.56 crore which grew by 40.99 per cent YoY. The operating profit of the company stood at Rs 3.96 crore, while the PAT of the company stood at Rs 2.77 crore, representing an impressive growth of 78.29 per cent YoY.

Also read, Avoid these 5 common financial mistakes to secure your future (Part - 1)

Fluidomat Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 157.45 on August 26, 2022, to Rs 361.70 on August 25, 2023, an increase of about 120 per cent in one year holding period.

Fluidomat Limited manufactures a wide range of fixed-speed and variable-speed fluid couplings for industrial and automotive drives. The company provides application-engineering expertise, drive solutions and energy-saving support to their clients. The company’s product range includes Constant Fill/Fixed Speed Coupling, Variable Speed- Scoop Controlled Coupling and Fluid Coupling Support Tools.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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