Double in Just 1 Month: Heavy Buying Aerospace and Defence Stock Rallies Over 5 per cent and Hit Upper Circuit with Heavy Volumes!

The company’s shares have delivered impressive multibagger returns of over 500 per cent in just 1 year.

Incorporated in 1996, Krishna Defence and Allied Industries Limited develops, manufactures, and designs Defence Application Products, Kitchen, and Dairy Equipment Products. The company has two manufacturing plants located in Gujarat, in Kalol and Halol districts near Vadodara. 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 Krishna Defence and Allied Industries Limited opened at Rs 1059 per share, compared to the previous day's closing figure of Rs 1043.05 per share on the NSE. Finally, the shares closed at Rs 1095.60 per share on the NSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of Krishna Defence and Allied Industries Limited stands at Rs 1501.52 crore, and the stock has generated an impressive multibagger return of around 505 per cent in just 1 year. 

Financial Performance

As per the Quarterly Results, in the fourth quarter of FY24, Krishna Defence and Allied Industries Limited recorded a revenue of Rs 71 crore. The operating profit for Q4 FY24 stood at Rs 11 crore. The net profit for Q4 FY24 was Rs 7 crore. Looking at the annual performance, the company generated a revenue of Rs 106 crore in FY24, compared to Rs 63 crore in FY23. The operating profit for FY24 was Rs 15 crore, with a net profit of Rs 10 crore.

Regarding the shareholding pattern, the promoters own 62.27 per cent of the company and the public or retail investors hold 37.73 per cent. Ashish Kacholia owns a 2.99 per cent stake in the company.

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

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