Heavy buying: Back-to-back upper circuit in this small-cap media stock; reports a 269 per cent increase in net profit!
In Q4FY23, the company reported a 183 per cent increase in revenue QoQ.
Shares of Pressman Advertising Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 20 per cent. On Thursday, the stock also made a fresh 52-week high at Rs 128.15.
The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 150.15 crore which grew by 183 per cent QoQ. The operating profit of the company stood at Rs 28.69 crore, while the PAT of the company stood at Rs 15.35 crore, representing an impressive growth of 269 per cent QoQ.
Pressman Advertising Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 34.15 on June 08, 2022, to Rs 128.00 on June 08, 2023, an increase of about 270 per cent in the one-year holding period.
Pressman Advertising Ltd is engaged in advertising, selling space for advertisement in print media, and public relation business in India. The company delivers highly-effective advertising across all media - print, electronics, outdoor, web, and new media. Pressman PR is the specialist public relations division of the company.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
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