Back-to-back upper circuit, heavy buying: This small-cap water supply & management company to announce result tomorrow; rallied over 8,500 per cent in just 3 years!

The stock has delivered an impressive return of around 385 per cent in the past 1 year only.

JITF Infra Logistics Ltd, along with its subsidiaries, operates in the development of urban infrastructure, water infrastructure, management of municipal solid waste, and the generation of energy from municipal solid waste. Additionally, the company is involved in the manufacturing of railway freight wagons. The company is to announce its Quarterly Results as well as the annual performance tomorrow.

At the start of the day's trading session, the stock opened at Rs 920 per share, compared to the previous day's closing figure of Rs 894.60 per share on the BSE. Finally, it closed the day at Rs 939.30 per share. Moreover, the stock has reached the upper circuit price limit of 5 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. Furthermore, the stock has been hitting back to the back upper circuits for the last 3 days. The JITF Infra Logistics' current market capitalisation stands at Rs 2414 crore, and the stock has generated an impressive return of around 8540 per cent in the past 3 years only.

According to the Quarterly Results, in Q3 FY24, the JITF Infra Logistics' revenue surged by 94 per cent, reaching Rs 843 crore, while it reported a net profit of Rs 31 crore compared to a loss of Rs 29 crore in Q3 FY23. As per the annual performance, the company revenue stood at Rs 1589 crore in FY23 representing a growth of 29 per cent YoY while it reported a net loss of 107 crore during the same period.

According to the company's shareholding pattern, promoters hold 63.03 per cent of the company while public investors or retail investors hold 34.39 per cent as per the recent update. FIIs and DIIs hold 2.51 per cent and 0.09 per cent respectively.

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

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