Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; Bags new order worth Rs 117 crore!

Shares of the company have gained about 100 per cent in the last six months.

Shares of Sika Interplant Systems Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock also made a fresh 52-week high of Rs 1217.20. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 24.62 crore which grew by 86.83 per cent YoY. The operating profit of the company stood at Rs 5.05 crore, while the PAT of the company stood at Rs 3.57 crore, representing an impressive growth of 62.1 per cent YoY.

The company had recently received an order for advanced engineering products and services. The total new order received by the company in FY24 is worth Rs 117 crore.

Sika Interplant Systems Limited is an engineering-driven company focused on providing products, systems, and services to the Aerospace, Defence & Space, and Automotive sectors in India. The company has a presence in businesses like search and rescue, Landing gear & hydraulics, interconnection systems, handling systems etc.

In the last three years, the shares of the company have given multibagger returns of over 600 per cent returns and in the last one year, the stock has gained about 65 per cent. The stock has shown tremendous growth and investors should keep a close eye on this stock.

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