Heavy buying: Back-to-back upper circuits and 52-week highs in this small-cap multibagger stock!

The stock has witnessed significant buying activity as it has given multibagger returns of more than 270 per cent in just 1 year.  

On Tuesday, the shares of Axiscades Technologies Limited surged 4.99 per cent and the stock hit a fresh 52-week high of Rs 422.75 per share on BSE. The shares of Axiscades Technologies Ltd touched upper circuit of Rs 422.75 per share.  

Axiscades Technologies Limited is a technology business that specialises in engineering solutions and services.  

The key highlights of Q4FY23:     

1) Total sales stood at Rs 226 crore in Q4FY23, witnessing a surge of 17.09 per cent YoY basis as compared to Q4FY22.     

2) The operating profit for Q4FY23 is at Rs 47 crore, surge of 62.02 per cent on YoY basis as compared to Q4FY22.     

3) Net profit of Rs 16 crore for Q4FY23 is up by 60 per cent on YoY basis, compared to Q4FY22  

Financial Highlights for FY23 (consolidated):       

1) Total sales stood at Rs 822 crore, up 34.75 per cent over FY22, on YoY basis.     

2) Operating profit stood at Rs 146 crore, an impressive jump of 102.77per cent over FY22.     

3) The profit before tax stood at Rs 21 crore, decline of 43.24 per cent over FY22.   

The stock has witnessed significant buying activity as it has given multibagger returns of more than 270 per cent in just 1 year. Investors should keep an eye on this Small-Cap IT enabled services stock.