52-week high alert: This multibagger smallcap stock zooms more than 8.5 per cent in today’s session!
The stock witnessed heavy buying as it gave multibagger returns of more than 115 per cent in just 1 year
On Tuesday, shares of S Chand And Company zoomed more than 8.5 per cent to make a new 52-week high of Rs 234.95. The scrip witnessed massive spurt in volume.
On March 16, 2023, the company announced that the board of directors of the company approved the investment upto an amount of Rs 3 crore to acquire minority stake in an Edtech business.
S Chand & Company is principally engaged in publishing educational books with products ranging from school books, higher academic books, competition and reference books, technical and professional books and children's books. The company provides its products and services in printed as well as digital forms.
Recently, ICRA assigned a long-term rating of BBB+ to the fund based-overdraft facility of Rs 20 crore sanctioned by RBL bank to the company. The assigned rating draws strength from the Group's strong operational profile, supported by its experienced promoters, established market position in the textbook publishing industry and long track record of over eight decades.
Healthy revenue growth and steady profit margins are expected to help the group maintain healthy coverage metrics despite working capital intensive nature of operations. The liquidity of the group is also healthy with cash and equivalents of more than Rs 40 crore as of January 2023 along with steady generation of cash flows.
The stock witnessed massive buying as it gave multibagger returns of more than 115 per cent in just 1 year. Keep a close eye on this trending multibagger stock.