Heavy buying: Back-to-back upper circuit in this multibagger defence stock; gains over 400 per cent!
Shares of the company gained more than 100 per cent in the last six months.
Shares of Sika Interplant Systems 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 more than 100 per cent. FIIs increased their stake in the company in March 2024. The stock also made a new 52-week high on Friday.
The company posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 37.16 crore which increased by 97.27 per cent YoY. The operating profit of the company stood at Rs 7.84 crore. The company’s PAT stood at Rs 6.05 crore which increased by 195.31 per cent in Q4FY24. Shares of Sika Interplant Systems Limited have also delivered multibagger of more than 400 per cent in the last one-year holding period. The company recently secured a new order worth approximately Rs. 86 crores. This brings their total new orders to approximately Rs. 236.5 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. SIKA is an engineering-driven company focused on the Aerospace, Defence & Space (A&D) and Automotive sectors in India. Its main lines of business comprise of engineered projects & systems; interconnect solutions & electrical module integration, maintenance, repair & overhaul (MRO); and value-added distribution.
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.
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