DSIJ Mindshare

Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02
Kiran Shroff
/ Categories: Trending, Mindshare

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.

 

DSIJ offers a service 'Micro Marvel' with recommendations for micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

 

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.

Previous Article 52-week high alert: This automobile company reports a 107 per cent increase in its domestic commercial sales YoY!
Next Article Penny Stocks: Stocks likely to be in focus tomorrow!
Print
35572 Rate this article:
4.0

1 comments on article "Multibagger stock below Rs 15: Watch out for this micro-cap stock which was locked in the upper circuit on June 02"

Avatar image

Bala

Send

Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR