Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!

Shares of the company gained more than 140 per cent in the last six months.

Shares of Kesoram Industries 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. The stock also made a fresh 52-week high of Rs 146.05. In the last six months, the stock has gained about 140 per cent.

The company posted strong Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 953.80 crore which grew by 12.84 per cent YoY. The operating profit of the company stood at Rs 80.74 crore, while the PAT of the company stood at a loss of Rs 58.37 crore, from Rs 59.05 crore last year's same quarter.

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Kesoram Industries Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 43.97 on December 04, 2020, to Rs 146.35 on December 01, 2023, an increase of more than 230 per cent in a three-year holding period.

Kesoram Industries Limited is a flagship company of B. K. Birla group of companies. The company is engaged in the business of manufacture and sale of Cement and it markets its product under the brand name “Birla Shakti”. The brand ‘Birla Shakti’ is an approved brand in several Government projects for supply of cement, including the Military Engineering Services and the Ministry of Defence.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.