Multibagger in just six months: Back-to-back upper circuit in this multibagger stock; reports a 257 per cent increase in net sales!

The stock made a fresh 52 week high on Friday.

Shares of Loyal Equipments Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 10 per cent. On Friday, the stock also made a fresh 52-week high at Rs 133.50.

The company posted mind-blowing Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 17.37 crore which grew by 257.79 per cent YoY. The operating profit of the company stood at Rs 4.84 crore, while the PAT of the company stood at Rs 3.50 crore, representing an impressive growth over the same quarter last year where the company incurred a loss of Rs 1.76 crore.

Loyal Equipments Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 48.75 on December 09, 2022, to Rs 133.25 on June 09, 2023, an increase of about 170 per cent in just six months holding period.  

Loyal Equipment is engaged in manufacturing and supplying Coded Pressure Vessels & Heat Exchangers (Ferrous & Non-Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys, and Columns, Tanks & Receivers, Site Fabrication & Erection Activities. The company’s products are widely used in the industries like Petrochemicals, Compressor Industries, Power Plants, Fertilizers, Refineries, Pharmaceuticals, and Dairy Industries.