Dark Horse Stock of the Day: Back-to-Back Upper Circuit Stock, Gains Over 90 per cent in Just 13 Days!

The company’s shares have delivered a return of around 181 per cent to its shareholders over the past 1 year.

Incorporated in 1969, Zenith Exports Ltd is in the business of leather goods and textile fabrics. The company manufactures textile products for the fashion and home furnishing industries. It has established manufacturing units to cater to both handcrafted and automated fabrication sectors. Today the company experienced a significant surge in its share price. 

At the start of the day's trading session, the stock opened at Rs 335.35 per share, compared to the previous day's closing figure of Rs 304.90 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 335.35 per share on the BSE. 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 company's current market capitalization stands at Rs 180.96 crore, and the stock has generated an impressive multibagger return of around 181.81 per cent in the past year.  

Stock Price Chart (Weekly)

Financial Performance

As per Quarterly Results, in Q4 FY24, the company reported revenue of Rs 19.87 crore compared to Rs 14.62 crore, representing a growth of 35.91 per cent YoY. The company reported an operating loss of Rs 1.20 crore compared to a profit of Rs 1.19 crore in Q4 FY23. The company reported a net loss of Rs 0.42 crore in Q4 FY24 compared to a net profit of Rs 1.31 crore. Turning attention to the company's annual performance, it reported revenue of Rs 81.70 crore compared to Rs 62.25 crore in FY23. The company reported an operating loss of Rs 1.26 crore. The company’s net profit stood at Rs 0.30 crore in FY24.

According to the shareholding pattern, the promoters of the company hold 45.55 per cent, while the public or retail investors hold the remaining 54.45 per cent.

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

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