Dheeraj Kumar Lohia-Backed Microcap Stock Rallies 20 per cent in Just One Day and Hits Upper Circuit Today!
The company’s shares have delivered a return of around 80 per cent in the past 1 year.
Incorporated in 1985, Fiberweb Ltd specializes in polymer processing. The company manufactures and exports injection-moulded, blow-moulded, and roto-moulded products using German machinery, along with garbage bags and carrier bags. Additionally, it operates an in-house facility for producing stitched garments, including medical and industrial gowns, overalls, aprons, car covers, and other custom-made items according to client specifications. Recently, Fiberweb Ltd has introduced a new product line for melt-blown nonwoven fabrics, which are used in personal hygiene products such as diapers and face masks.
At the start of the day's trading session, the stock of Fiberweb Ltd opened at Rs 44.90 per share, compared to the previous day's closing figure of Rs 44.62 per share on the BSE. Finally, the shares closed at Rs 53.54 per share. The company's current market capitalization stands at Rs 154.15 crore, and the stock has generated an impressive multibagger return of around 80 per cent in the past 1 year.
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As per the Quarterly Results, in Q4 FY24, Fiberweb Ltd recorded a revenue of Rs 20.68 crore. The operating profit for Q4 FY24 stood at Rs 5.07 crore. The net profit for Q4 FY24 was Rs 3.52 crore. Looking at the annual performance, the company generated a revenue of Rs 86 crore in FY24, compared to Rs 66.11 crore in FY23. The operating profit for FY24 was Rs 11.47 crore with a net profit of Rs 7.27 crore.
As per Q1 FY24 update, ace investor Dheeraj Kumar Lohia owns a 2.87 per cent stake in the company.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.