200 cent returns in just 1 year: This multibagger micro-cap marvel reports robust results!
The stock has witnessed significant buying activity as it has given multibagger returns of more than 200 per cent just 1 year
On Monday, shares of Loyal Equipments surged by 5 per cent to trade on an intraday high and a new 52-week high level of Rs 106.20 apiece on BSE. The scrip witnessed massive spurt in volume by more than 3.77 times. The stock witnessed some profit booking in the gains and closed 1.18 per cent down at Rs 99.96 per share.
In Q4FY23, the total income of the company surged by 258 per cent from last year’s same quarter to Rs 17.38 crore. The net profit of the company zoomed exponentially as it stood at Rs 3.50 crore in the current quarter as against a net loss of 1.75 crore in the corresponding quarter last year.
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Loyal equipment limited is engaged in the business of manufacturing Industrial & Engineering Equipments. The company’s operations cover the design, manufacturing, supply and erection/commissioning of process equipment like Pressure vessels, Air cooled heat exchanger, Shell & tube heat exchanger, Storage tanks, Pressure receivers, Chimney, Heavy structural items, Skids, Base plates and other items.
The stock has witnessed significant buying activity as it has given multibagger returns of more than 200 per cent just 1 year. Moreover, the stock has witnessed heavy buying in the last 6 months as well as it surged more than 140 per cent. Keep a close eye on this trending multibagger stock.