Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; scrip up by 140 per cent in just 1 year!
The stock's returns have been multibagger, with gains of 142 per cent in just 1 year, over 370 per cent in 3 years, and over 2,300 per cent in a decade.
On Tuesday, the Indian benchmark indices started the trading session in the green. The BSE Sensex Index is up by 0.07 per cent at a level of 66,572.62. The BSE Mid-Cap Index and BSE Small-Cap Index were up by 0.13 per cent and 0.60 per cent respectively.
Along with the market in green, one of the Top Gainers on BSE, shares of Nettlinx Ltd surged 5 per cent upper circuit to Rs 101.26 per share from its previous closing of Rs 91.85. The stock's 52-week high is Rs 136 and its 52-week low is Rs 32.78.
The stock is hitting back-to-back upper circuits in the recent trading session as the company reported stellar Quarterly Results (Q1FY24). Details below:
Quarterly Results: The net sales increased by 30.74 per cent to Rs 7.06 crore and net profit skyrocketed by 1,300 per cent to Rs 1.82 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 0.76.
In the current financial year, the company announced bonus shares in the ratio of 1:1 for its equity shareholders as of the record date. The ex-bonus date was April 24, 2023.
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Nettlinx is engaged in software consulting, network services, application development and outsourcing and managed cloud services. The company has a market cap of Rs 244.81 crore with a 3-year stock price CAGR of 65 per cent.
The stock's returns have been multibagger, with gains of 142 per cent in just 1 year, over 370 per cent in 3 years, and over 2,300 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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