Keep an eye on this stock, which was locked in the upper circuit on November 22

Today, the stock of this company was locked at 20 per cent at Rs 26.40.

One of the Top Gainers on the BSE today, shares of Emmessar Biotech & Nutrition Ltd surged and reached a price band of Rs 26.40 per share, after being locked in the 20 per cent upper circuit. Additionally, the company's stock price has risen significantly, making a new high in the past few trading sessions. 

In comparison to FY22, when the net profit was Rs 1.45 crore, it decreased to Rs 0.48 crore or 67.15 per cent in FY23, according to the company's annual financial figures. The increase in stock prices was mainly due to the continued positive results posted by the company over the past 3 years and thus witnessing some fresh buying. Today, shares of Emmessar Biotech & Nutrition Ltd saw a spurt in volume by 3.69 times on BSE. This stock is trading at a PE multiple of 20.58 and an ROE of 8.22, all pointing to strong management performance. 

Emmessar Biotech & Nutrition Ltd is a global healthcare company that manufactures and markets healthcare & nutritional products. The stock is up by 10 per cent in the past five trading sessions while BSE Sensex is down by 0.77 per cent in past five trading sessions. 

Investors must keep this stock under their watch list.