1,000 per cent Multibagger Return Stock Under Rs 10 Hit Upper Circuit Today: Q1 FY25 PAT Surged by 215 per!
The shares of the company gained more than 1,000 per cent in the last 1 year.
Incorporated in 1990, Shekhawati Poly-Yarn Ltd specializes in the manufacture of texturizing yarn, twisting yarn, and knitted fabrics for both domestic and international markets. The company's product portfolio includes a range of knitted fabrics such as Sarina, Lycra, bright, spun Lycra, and cationic fabrics.
At the start of the day's trading session, the stock opened at Rs 6.78 per share, compared to the previous day's closing figure of Rs 6.65 per share on the BSE. Finally, the shares closed at Rs 6.78 per share. The stock has hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 233.71 crore, and the stock has generated an impressive multibagger return of over 1000 per cent in the past 1 year.
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As per the Quarterly Results, in Q1 FY25, Shekhawati Poly-Yarn Ltd recorded a revenue of Rs 16.52 crore. The operating profit for Q1 FY25 stood at Rs 1.60 crore. The net profit for Q1 FY25 was Rs 2.36 crore. representing a gain of around 215 per cent YoY from a Rs 2.07 crore net loss. Looking at the annual performance, the company generated a revenue of Rs 77 crore in FY24, compared to Rs 303 crore in FY23. The operating profit for FY24 was Rs 16 crore with a net profit of Rs 154 crore.
According to the shareholding pattern of Shekhawati Poly-Yarn Ltd, promoters own 57.80 per cent which was an earlier 57.52 per cent stake, while public investors hold 41.19 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.