Multibagger in just 6 months: This micro-cap company announces stellar FY23 Results; do you have it?
The stock gave multibagger returns of 158 per cent in just 6 months.
Today, shares of Vertoz Advertising Ltd zoomed 2.42 per cent to Rs 260.55 per share with an intraday high of Rs 271.95 and an intraday low of Rs 254.40. The stock traded at a new 52-week high of Rs 271.95 per share.
The company announced stellar FY23 Results which is one of the factors contributing to the increase in stock price today.
According to the consolidated FY23 results, Vertoz Advertising Ltd registered net revenue of Rs 82.81 crore, a growth of 99.01 per cent over the preceding year. The net profit stood at Rs 11.04 crore, an increase of 80.98 per cent over FY22.
According to the consolidated Q4FY23, Vertoz Adverting Limited registered net revenue of Rs 34.32 crore, a 243.20 per cent increase over the same quarter in the preceding year. The net profit was Rs 4.10 crore, which increased by 124.04 per cent over Q4FY22.
Vertoz Advertising Ltd is an ad-tech company, that offers data-driven marketing, advertising and monetization solutions to digital marketers, advertising agencies and digital media businesses using the latest technologies. The company has in-house developed its full-stack and has also acquired various components to complement its products.
The stock gave multibagger returns of 158 per cent in just 6 months and over 190 per cent in 1 year. Investors should keep an eye on this micro-cap stock.