Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high post bonus issue!
In Q4FY23, the company reported a 124 per cent increase in net profits YoY.
Shares of Hardwyn India Limited were locked in the upper circuit on Monday, gaining 10.00 per cent. In the last five trading sessions, the stock has gained about 50 per cent. On Monday, the stock also made a fresh 52-week high at Rs 51.40.
The company posted strong Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 29.88 crore which declined by 9.87 per cent YoY. The operating profit of the company stood at Rs 5.66 crore, which grew by 118 per cent, while the PAT of the company stood at Rs 3.73 crore, representing an impressive growth of 124.61 per cent YoY.
Hardwyn India Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 11.50 on June 20, 2022, to Rs 51.30 on June 05, 2023, an increase of about 347 per cent in one year holding period. However, the stock has gained about 600 per cent in just two years.
Hardwyn India Ltd is a manufacturer of architectural hardware and glass fittings, which provides complete solutions to residential and commercial structures. The company is also engaged in the business of multiproduct trading and distribution of the wide range of aluminum and textile products.
The stock has shown tremendous growth, and investors should keep a close eye on this stock.
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