Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; bags new order worth Rs 1.39 crores!

Shares of the company have gained about 90 per cent in the last six months.

Shares of Nirman Agri Genetics Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 90 per cent. The company is also expanding its manufacturing and processing facilities to be able to accommodate incremental growth and demand in the future.

The company posted strong financial results in FY23. The company's revenue for FY23 stood at Rs 28.61 crore which grew by 112.08 per cent YoY. The operating profit of the company stood at Rs 4.36 crore, while the PAT of the company stood at Rs 4.01 crore, representing a growth of 56.42 per cent YoY.

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Furthermore, the company recently received multiple new orders worth Rs 1.39 crores. The first order was for the supply of agricultural seeds and pesticides worth Rs. 1.01 Crore from Saptashrungi Krushi Seva Kendra. The second order was for the supply of agricultural seeds worth Rs 38,95,000 from Shetkari Agro.

Shares of Nirman Agri Genetics Limited have also delivered multibagger returns from its 52-week low of Rs 48.80, which is an increase of 298 per cent.

Nirman Agri Genetics Limited is an organized Agri-Input Company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic.

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.