Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 150 per cent!
Shares of the company gained more than 19 per cent in the last one month.
Shares of Loyal Equipments Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit.
The company posted robust Quarterly Results. The revenue of the company for Q4FY24 stood at Rs 27.50 crore which increased by 58.36 per cent YoY. The operating profit of the company stood at Rs 6.10 crore, while the PAT of the company stood at Rs 3.81 crore, from a profit of Rs 3.50 crore last year same quarter.
Recently, Loyal Equipments has secured a new domestic contract worth Rs. 6.82 crore to supply volume bottles to Kirloskar Pneumatics Co. Limited. This 7-month order signifies Loyal Equipments' ability to cater to the needs of major domestic players in the industry. The stock has also delivered multibagger returns of over 150 per cent in the last one year.
Loyal Equipments Limited is engaged in manufacturing and supplying coded pressure vessels & heat exchangers (ferrous & non-ferrous), air-cooled heat exchangers, skids for dynamic and static machinery, base plates, sterilizers, chimneys and columns, tanks & receivers, site fabrication & erection activities. The company’s products are widely used in industries like Petrochemicals, compressor industries, power plants, fertilizers, refineries, pharmaceuticals, and dairy industries.
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.
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