Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; hits fresh 52-week high!

Shares of the company have gained more than 120 per cent in the last six months.

Shares of NMS Resources Global Limited were locked in the upper circuit on Thursday, 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 122 per cent. On Thursday, the stock also made a fresh 52-week high at Rs 53.98.

The company posted strong Quarterly Results. The company's revenue for Q1FY24 stood at Rs 3.55 crore which grew by 1191.27 per cent YoY. The operating profit of the company stood at Rs 0.13 crore, while the PAT of the company stood at Rs 0.06 crore, representing a growth of 41.03 per cent YoY.

Shares of NMS Resources Global Limited have also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 21.30 on September 21, 2022, to Rs 53.98 on September 21, 2023, an increase of about 140 per cent in one-year holding period.

NMS Resources Global Limited was focused in the food processing and commodity supply sector and now the company has increased its business activities by adding more business sectors such as contracting services like Civil Construction, Pre-Engineered Buildings, Skill Development, Financial Consultancy and Engineering Services. Further, the company is successfully providing exclusive supplies and marketing teams for telecom provider companies.

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.