Heavy Buying: Vijay Kedia-Backed Small-Cap Stock Rallies and Hits 52-Week High Today!

The company’s shares have delivered an impressive return of over 80 per cent in the past 3 months only.

Siyaram Silk Mills Ltd, a prominent textile manufacturer, specializes in producing fabrics and ready-made garments, with a focus on men's wear. The company exports its products to several countries, including the UAE, Australia, Bahrain, Bangladesh, Cambodia, and Canada. Siyaram offers a diverse range of men’s apparel, including suits, blazers, shirts, and trousers, crafted from premium yarns and designed to meet international standards, showcasing a distinctive style.

Today, the company’s stock witnessed a significant spike in its price. Furthermore, the shares hit a 52-week high of Rs 937.85 each, accompanied by a substantial volume surge of over 1.5 times on the BSE.

Ace Investor Vijay Kedia owns around 1 per cent stake as per the latest quarterly update.

Share & Financial Performance

Currently, the shares of Siyaram Silk Mills Ltd are trading at around Rs 905.95 per share on the BSE. The current market capitalization stands at Rs 4,110 crore. The company’s shares have delivered a multibagger return of around 100 per cent in the past year.

As per the Quarterly Results in September 2024, Siyaram Silk Mills Ltd reported revenue of Rs 608 crore compared to Rs 585 crore. The company posted an operating profit of Rs 89 crore with a margin of around 15 percent compared to Rs 88 crore with a margin of around 15 percent. The company reported a net profit of around Rs 68 crore compared to Rs 61 crore, representing a growth of around 4 percent YoY.

Investors must keep this Vijay Kedia-backed Small-Cap stock on their radar.

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