Stock in Focus: Watch out for this multibagger micro-cap stock which was locked in upper circuit on April 20
The shares of the company saw a spurt in volume by more than 35.62 times on BSE.
On Thursday, at closing bell, the benchmark indices ended the day in green. BSE Sensex Index was up by 0.11 per cent at 59,633 and NSE Nifty-50 Index up by 0.032 at 17,625.
Today, one of the Top Gainers on BSE, shares of Weizmann Ltd surged to Rs 102.56 per share after being locked in 20 per cent upper circuit. Additionally, shares of the company saw a spurt in volume by more than 35.62 times on BSE.
Weizmann Limited is engaged in the business of textile processing and exports. The company also undertakes processing on job work basis.
Talking about the financials, Weizmann Ltd has a market cap of Rs 162.65 crore. The company reported positive numbers in its Quarterly Results and yearly results. The net sales rose by 32 per cent and net profit rose by 212 per cent in Q3FY23 over Q3FY22.
The promoters of the company hold the maximum number stake in the company (67.88 per cent) and rest is owned by general public (32.12 per cent) as of March 2023.The shares of the company have a PE of 18.64x and an ROE of 13.58, all of this represents good managerial performance.
The stock gave multibagger returns of 142.46 per cent from its 52-week low of Rs 42.30 per share. This micro-cap stock should be kept under the radar.