Heavy Buying Hits 52-Week High: This Multibagger Engineering Stock Hits Upper Circuit; Gains Over 210 per cent in Just 6 Months

The shares of the company have delivered a return of over 210 per cent to its shareholders in the past 6 months only.

Incorporated in 1988, Sunita Tools Limited manufactures mold bases and machining parts for the automotive, pharmaceutical, electronics, consumer goods, and manufacturing sectors. On Friday the company experienced a significant surge in its share price.

At the start of Friday's trading session, the share of Sunita Tools Limited opened at Rs 587.90 per share, compared to the previous day's closing figure of Rs 559.95 per share on the BSE. Finally, the share closed at Rs 587.90 per share on the BSE. The stock has reached the upper circuit price limit of 5 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The current market capitalization of Sunita Tools Limited stands at Rs 330.69 crore, and the stock has generated an impressive multibagger return of over 210 per cent in the past 6 months only. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Sunita Tools Limited recorded a revenue of Rs 8.61 crore. The operating profit for Q4 FY24 stood at Rs 2.76 crore. The net profit for Q4 FY24 was Rs 1.84 crore. Looking at the annual performance, the company generated a revenue of Rs 26.09 crore in FY24, compared to Rs 13.84 crore in FY23. The operating profit for FY24 was Rs 7.64 crore, with a net profit of Rs 4.85 crore.

Regarding the shareholding pattern, the promoters own 72.98 per cent of the company and the public or retail investors hold 27.03 per cent.

Investors must keep this Small-Cap stock on their radar.

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