Keep an eye on this stock, which was locked in the upper circuit on February 13

Heavy buying was observed in this stock in just one month and it hit the back-to-back upper circuit and 52-week highs, returning over 75 per cent.

One of the Top Gainers on NSE today, shares of Panache Digilife Ltd surged 5 per cent upper circuit to reach the upper price band of Rs 102.55 per share from its previous closing of Rs 93.75. Today, the stock traded at a new 52-week high of Rs 102.55 per share.    

Talking about the financials, Panache Digilife has a market cap of Rs 118 crore. In its Quarterly Results, the corporation recorded amazing results. In Q2FY23, net sales rose by 167.2 per cent over Q2FY22. The net profit skyrocketed to Rs 0.12 crore in Q2FY23 compared to a net loss of Rs 0.06 crore in Q2FY22.    

Panache Digilife manufactures desktop computers, laptop computers, handheld computers, manufacture of pagers, cellular phones and other mobile communication equipment and wholesale of telephones, mobile phones and communications equipment and parts.    

The shareholding structure as of December 2022 is as follows: promoters own 65.49 per cent of the company, while the remaining 34.51 per cent is owned by the general public. Heavy buying was observed in this stock in just one month and it hit the back-to-back upper circuit and 52-week highs, returning over 75 per cent. Investors should keep an eye on this Small-Cap stock.