DSIJ Mindshare

SEBI report sheds light on the progress of the extensive probe into alleged stock price manipulation by the Adani Group. The regulatory body said that it is still waiting for vital information from overseas regulators.

According to the quarterly results, Revenue from Operations increased by 112.86 per cent and stood at Rs 112.38 crore, EBITDA increased by 180.41 per cent to Rs 21.90 crore and PAT increased by 125.35 per cent to Rs 16.67 crore in Q1FY24 compared to Q1FY23. This small-cap company has a market cap of over Rs 1,900 crore and reported positive numbers in its annual results.

Over the past six months shares of company has given multibagger return of 182.04 per cent

Shares of the company have gained more than 80 per cent in the last six months.

The company reported net sales of Rs 0.07 crore and net loss of Rs 0.10 crore in Q1FY24. The company is projected to report robust financial results for Q2FY24, as revenue is expected to increase significantly due to a recent order.