Heavy buying: Back-to-back upper circuit in this multibagger stock; do you hold it?!

Shares of this company have gained about 130 per cent in the last six months.

Shares of Focus Lighting and Fixtures Limited were locked in the upper circuit on Friday. From the past three trading sessions, the stock has been locked in the upper circuit, gaining more than 15 per cent with an increase in volume of the shares traded. Shares of Focus Lighting and Fixtures Limited have also delivered multibagger returns to its shareholders in the last year. During this period, shares of Focus Lighting and Fixtures Limited jumped from Rs 94.80 on May 23, 2022, to Rs 601.70 on May 19, 2023, representing an impressive 500 per cent increase in just one year holding period.  

Focus Lighting & Fixtures Limited is engaged in the manufacturing and trading of innovative LED lights and fixtures. The company offers a range of verticals in the retail industry, office and home lighting, hospitality lighting, and lighting for infrastructure projects. It has a product range of cabinet lights, Dione Cove, EOS, Lightning systems, Pendant, Recessed, Semi-recessed, surface, track, and trimless. 

The company is currently trading at a TTM PE of 34.7x, compared to the industry PE of 230.60x. In FY23, the company achieved a ROCE and ROE of 46.3 per cent and 36.2 per cent.   

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On Friday, the stock opened at Rs 584.00, with a high and low of Rs 601.70 and Rs 584.00, respectively. The stock has a 52-week high and low of Rs 785.00 and Rs 81.65, respectively, on BSE.