Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02
The stock is up by 15 per cent in 1 month, up 182.05 per cent in 2 years and over 320 per cent in 3 years.
On Friday, the Indian benchmark indices ended the trading session higher. BSE Sensex Index was up by 0.19 per cent to a level of 62,547.11 and NSE Nifty-50 Index was up by 0.25 per cent to a level of 18,534. About 2,137 shares have advanced, 1,413 declined, and 125 are unchanged on the BSE.
One of the Top Gainers on BSE, shares of Chothani Foods Ltd zoomed 20 per cent upper circuit to Rs 13.20 per share from its previous closing of Rs 11. The stock has a 52-week high of Rs 21.55 and a 52-week low of Rs 9.21.
The reason behind the sudden rise in stock price is due to the company announced its Quarterly Results and annual results for the year ended March 31, 2023.
According to the financials, Chothani Foods has a market cap of Rs 6.81 crore. The net sales increased by 20 per cent to Rs 4.90 crore in Q4FY23 over Q4FY22. The company reported a net profit of Rs 0.08 crore in Q4FY23 compared to a net profit of Rs 0.19 crore in Q4FY22. The net sales increased by 12.33 per cent and net profit increased by 30 per cent in FY23 over FY22.
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Chothani Foods Limited produces condiments. The company engages in the manufacturing, exploring, and supplying a range of spices and vegetable powder. Chothani Foods serves customers in India.
The stock is up by 15 per cent in 1 month, up 182.05 per cent in 2 years and over 320 per cent in 3 years. Investors should keep an eye on this micro-cap stock.