Upper circuit alert: This multibagger micro-cap company reports a 1566 per cent jump in net profit; stock gains over 300 per cent!

Shares of the company have gained about 24 per cent in the last six months.

Shares of Texmo Pipes and Products Limited were locked in the upper circuit on Monday, gaining 20.00 per cent. In the last six months, the stock has gained about 24 per cent.

The company posted strong Quarterly Results. Owing to the positive news, many investors rushed to buy the company's shares and ultimately the stock got locked in the upper circuit. In the recent quarter (Q1FY24), the company's revenue stood at Rs 204.04 crore which grew by 25.73 per cent YoY. The operating profit of the company stood at Rs 14.78 crore, while the PAT of the company stood at Rs 7.95 crore, representing an impressive growth of 1566.04 per cent YoY.

Texmo Pipes & Products Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 14.45 on August 21, 2020, to Rs 68.55 on August 14, 2023, an increase of about 370 per cent in three years holding period.

Texmo Pipes & Products Limited manufactures polyvinyl chloride pipes, high-density polyethylene pipes, soil, waste, and rainwater pipes, and suction pipes. Headquartered at Burhanpur, Madhya Pradesh. It has branch offices in Maharashtra, Madhya Pradesh, Rajasthan, Gujarat, Andhra Pradesh, Delhi, and Chhattisgarh. Its manufacturing facility at Burhanpur (Madhya Pradesh) has a capacity of 2500 tonnes per annum.

Disclaimer: The article is for informational purposes only and not investment advice.