Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; net profit gains over 350 per cent YoY!
Shares of the company have gained about 130 per cent in the last six months.
Shares of Dhabriya Polywood 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 130 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 50.19 crore which grew by 36.43 per cent YoY. The company's operating profit stood at Rs 6.95 crore, while the PAT of the company stood at Rs 3.10 crore, which grew by 380.16 per cent on a YoY basis. Ace investor Ashish Kacholia has recently bought 5,46,178 shares of the company at a price of Rs 281 per share.
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Shares of Dhabriya Polywood Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 108.40 on October 13, 2022, to Rs 402.50 on October 13, 2023, an increase of about 250 per cent in a one-year holding period.
Dhabriya Polywood Limited is in the business of manufacturing and selling PVC profiles and fabrication of uPVC Doors and Windows, Partitions, False Ceilings, Paneling, Fencing, Prefabricated Structures, Prefabricated Walls and buildings and allied products. The company has been in the business of PVC, uPVC, Polymers and compounds and allied products for more than two decades. Apart from manufacturing, fabrication and selling of its products, it also undertakes supply and installation of its products at client sites and also provides after-sale services.
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.