Heavy Buying: Aerospace & Defence Stock Rallies 10 per cent and Hits Upper Circuit; Gains Over 1,000 per cent in Just 2 Years

The shares of the company have delivered a return of around 315 per cent to its shareholders in just 1 year only.

Krishna Defence and Allied Industries develops, manufactures, and designs Defence Application Products, as well as kitchen and dairy equipment. The company operates two manufacturing plants located in Gujarat, specifically in Kalol and Halol districts near Vadodara. On Friday the company experienced a significant surge in its share price.

On Friday, the share of Krishna Defence and Allied Industries opened at Rs 705.95 per share, compared to Thursday’s closing figure of Rs 697 per share on the NSE. Finally, the shares closed the day at Rs 766.70 per share on the NSE. 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. The current market capitalization of Krishna Defence and Allied Industries stands at Rs 1050.76 crore, and the stock has generated an impressive multibagger return of around 316 per cent in just 1 year only. 

Read Heavy Buying Aerospace & Defence Stock Rallied 20 per cent in Just 1 Day, Hits Upper Circuit, and 52-Week High; Must Watch!

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Krishna Defence and Allied Industries recorded a revenue of Rs 71 crore. The operating profit for Q4 FY24 stood at Rs 11 crore, resulting in an operating profit margin of 15 per cent. The net profit for Q4 FY24 was Rs 7 crore. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24, compared to Rs 63 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 10 crore.

Regarding the shareholding pattern, the promoters own 62.27 per cent of the company and the public or retail investors hold 37.73 per cent.

Investors must keep this Small-Cap stock on their radar.

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