Heavy buying: Back-to-back upper circuit in this multibagger railway stock; gains over 350 per cent!

Shares of the company gained more than 250 per cent in the last six months.

Shares of Cosmic CRF Limited were locked in the upper circuit on Saturday, 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 250 per cent.

Cosmic CRF is engaged in manufacturing of Railway Components, Sheet Piles, and Structures. Its product portfolio consists of cold-rolled stainless sections, such as fabricated items for railway, coach & wagons, cold-rolled formed items for wagons and coaches, cold-rolled formed items for infra companies and EPC projects, and products for roadways and national highways.

The company posted robust half-yearly Results. The revenue of the company for H2FY24 stood at Rs 130.01 crore which increased by 19.38 per cent YoY. The operating profit of the company stood at Rs 10.87 crore, while the PAT of the company stood at Rs 5.96 crore, from a profit of Rs 5.61 crore last year same period. The stock has delivered multibagger returns of over 350 per cent in less than one year.

Cosmic leverages cutting-edge technology in its manufacturing facility to stay competitive. The company’s R&D department boasts comprehensive capabilities to develop new products for wagon manufacturers, and infrastructure needs, and cater to diverse customer demands. The company’s healthy order book sits at Rs. 504 crores, with an additional Rs. 119 crores in potential near-term contracts. This diversified order book focused on both railway and infrastructure sectors positions the company well for future growth.

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.