Back-to-back Upper Circuit Penny Stock Under Rs 10: This Cement Stock Jumps 20 per cent and Hits Upper Circuit Today, Gains 100 per cent in just 1 Year!

The company’s shares have delivered impressive multibagger returns of around 100 per cent in just 1 year.

Incorporated in 1986, Burnpur Cement Ltd operates in the cement manufacturing sector. The company exclusively sells all its finished products to Ultratech Cement Limited under an off-take agreement. Recently, on 1st December 2021, Burnpur Cement Ltd renegotiated its commercial terms with Ultratech Cement Limited and extended the off-take agreement for another year, incorporating enhanced commercial terms. Today the company saw a significant spike in both the share price and volumes in today.

At the start of the day's trading session, the share of Burnpur Cement Ltd opened at Rs 8.18 per share, compared to the previous day's closing figure of Rs 7.63 per share on the BSE. Currently while writing the article, the shares are at Rs 9.15 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of Burnpur Cement Ltd stands at Rs 78.80 crore, and the stock has generated an impressive multibagger return of around 100 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Burnpur Cement Ltd recorded a revenue of Rs 1 crore. The operating loss for Q4 FY24 stood at Rs 4 crore. The net loss for Q4 FY24 was Rs 16 crore. Looking at the annual performance, the company generated a revenue of Rs 134 crore in FY24, compared to Rs 146 crore in FY23. The net loss for FY24 was Rs 99 crore.

Investors must keep this micro-cap stock on their radar.

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