Promoter Bought 2,09,419 Shares: This Small-Cap Stock Rallied and Hit Upper Circuit Today, Gains Over 60 per cent in Just 13 Days!
The shares of the company have delivered a return of over 80 per cent to its shareholders.
Incorporated in 1983, This Small-Cap company specializes in crafting top-notch piping solutions and accessories, including gas pipes, telecom ducts, submersible pipes, and casing pipes. With a total of 33 extrusion lines dedicated to PVC pipes, 14 for HDPE and drip irrigation, and 27 injection molding machines, KIIL ensures seamless fluid transmission, primarily water, from one location to another. Today the company experienced a significant surge in its share price.
At the start of the day's trading session, the stock opened at Rs 173.40 per share, compared to the previous day's closing figure of Rs 163.85 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 180.20 per share on the BSE. The stock has reached the upper circuit price limit of 10 per cent, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
Promoter group Kriti Nutrients Limited and Purnima Mehta bought collectively 209,419 shares worth Rs 2.61 crore.
The Kriti Industries' current market capitalization stands at Rs 812.75 crore, and the stock has generated an impressive return of around 61 per cent in the past year.
Financial Performance
As per Quarterly Results in Q4 FY24, the company reported revenue of Rs 194.62 crore compared to Rs 188.35 crore, representing a growth of 3.33 per cent YoY. The company reported an operating profit of Rs 13.79 crore compared to a profit of Rs 15.65 crore in Q4 FY23. The company reported a net profit of Rs 3.60 crore in Q4 FY24 compared to a net profit of Rs 15.99 crore. Turning attention to the company's annual performance, it reported revenue of Rs 867 crore compared to Rs 732 crore in FY23. The company reported an operating profit of Rs 59 crore. The company’s net profit stood at Rs 22 crore in FY24.
According to the shareholding pattern, the promoters of the company hold 66.35 per cent, the FIIs hold 0.01 per cent while the public or retail investors hold the remaining 33.64 per cent.
Investors must keep this small-cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
President of India's Portfolio Company Rallies, Hits Upper Circuit with Heavy Volumes, Gains Around 250 per cent in Just 1 Year: A Must-Watch!
-
9,200 per cent Multibagger Return in Just 1 Year: Solar Stock Under Rs 200 Hits Upper Circuit; Promoter Holding Spiked from 0.01 per cent to 94.97 per cent in FY24
-
5,000 per cent multibagger return: This semiconductor company bags order from Eastern Railways, stock hits upper circuit today!
-
Promoter bought 4,21,102 shares: Heavy volume, hit 52-week high today; This debt-free sugar stock rallied over 5 per cent today!
-
6:47 Rights Issue Announcement: This Realty Company Declares Rights Issue Worth Rs 2000 Crore; Stock Gains Over 280 per cent in Just 1 Year
-
Under Rs 100: 1:1 Bonus Issue; Multibagger NBFC Stock Hits Upper Circuit; Promoter Bought 11,25,000 Shares in June 2024
-
Under Rs 150: Marine and Defence Company Secures Contract Worth Rs 20,82,00,000 for LT and HT Panels; Stock Hits Upper Circuit Today!
-
PSU Railway Infrastructure Company Signs MoU with Eastern Railway's Andal Diesel Shed for Repair and Maintenance of Diesel-Electric Locomotives; FIIs Increased Stake!
-
14,644 per cent Multibagger Stock Under Rs 40: Back-to-Back Upper Circuit, Keep This Agro Product Company on Watchlist for Tomorrow
-
1:5 Stock Split: Multibagger Financial Service Provider Announces Record Date for Subdivision of Shares!
-
Vijay Kedia Portfolio’s Tata Group Multibagger Stock Hits 52-Week High with Heavy Volumes - Must-Watch
-
Price and Volume Breakout: These 3 Stocks from Ashish Kacholia’s Portfolio to Watch Today
-
Ashish Kacholia’s Bengal Finance and Investment Portfolio Company Stock Rallied with Heavy Volume and Hits Upper Circuit; Gains Rs 3,11,38,800 in just 1 day!
-
Board Likely to Announce Bonus Issue on June 14, 2024; Heavy Buying, This Hotel Stock Rallied Over 6 per cent; Must Watch!
-
Promoter Bought Shares Worth Rs 1,44,65,166 of this Financial & Investment Company; Earlier this same Promoter Purchased shares of Rs 3.51 Crore in May 2024
-
Ashish Kacholia Bought 27.5 per cent stake in this Electronics System Manufacturer for Defence Industry: Heavy Buying, Hits Upper Circuit Today!
-
Back-to-Back Upper Circuit Stock: Promoter Bought 1,32,951 Shares Worth Rs 50,57,000 of This Turnaround Micro-Cap Infra Company, Posted Profit After 6 Years of Losses
-
Rs 85,000 Crore Order Book: This PSU Railway Infra Company bagged Order Worth Rs 495 Crore from NTPC; Secured Back-to-Back 3 orders worth Rs 954 Crore in just 1 week!
-
Promoter Bought Shares Worth Rs 80,00,000 of This Turnaround Micro-Cap Company: Posted Profit After 2 Years of Losses; Must-Watch!
-
Rs 5,690 Crore Order Book: This PSU Civil Construction Company bagged Order Worth Rs 39,63,00,000 from Tata Steel!