Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; gains over 300 per cent!

Shares of the company have gained about 50 per cent in the last six months.

Shares of Fluidomat Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 50 per cent.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 14.29 crore which grew by 28.68 per cent YoY. The operating profit of the company stood at Rs 4.62 crore, while the PAT of the company stood at Rs 3.31 crore, which grew by 85.58 per cent on a YoY basis.

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Shares of Fluidomat Limited have also delivered multibagger returns to their shareholders in the last three years. During this period, the company’s share price jumped from Rs 78.30 on October 16, 2020, to Rs 350.20 on October 10, 2023, an increase of about 340 per cent in a three-year holding period.

Fluidomat provides application-engineering expertise, drive solutions and energy-saving support to its clients. The company has gained rich experience in application engineering with the proven performance of its couplings in almost all sectors of industries. Modern in-house Non-Ferrous and iron foundries produce high-quality intricate castings required for Fluid Couplings. The Fluidomat factory at Dewas, near Indore in Central India, is equipped with sophisticated manufacturing, research and development, quality control and testing facilities to ensure quality and consistency.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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