Stellar buying sentiment: Microcap aluminum company close to hitting new 52-week high!

The EPS catapulted from Rs 14.09 to Rs 32.30, over the last year and achieve year-on-year growth of 129 per cent.

Maan Aluminium Ltd recorded stellar buying sentiment on the exchange after reporting its Q4 results. The stock has skyrocketed over 15 per cent and is now trading near its 52-week high. At the time of writing, Maan's share price was trading at Rs 237.25 apiece, up 14.25 per cent from the previous day's closing of Rs 207.65.

In Q4FY23, the company posted a net profit of Rs 14.46 crore, up 77 per cent YoY. The company's revenue jumped by over 103.78 per cent YoY to Rs 262.87 crore. The EPS (earnings per share) catapulted from Rs 14.09 to Rs 32.30, over the last year and achieved year-on-year growth of 129 per cent.

Maan Aluminium Ltd offers a range of aluminum extrusions for electric control panels in various sizes and shapes. These are used in electric devices and switch gears in various specifications. The company also manufactures aluminum fences that are used in malls and other buildings.

The company is a leading manufacturer and exporter of large diameter Carbon Steel Line Pipes for various high-pressure transmission applications. These are used for Gas, Crude Oil, Petrochemical Products, and Potable Water. The company has operations in India, the US, Europe, the UAE, and Southeast Asia.

Maan Aluminium's EPS growth has been climbing higher at an appreciable rate. This level of EPS growth attracts investment, and the large insider investment in the company is just the cherry on top.

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