Only Buyers: Shares of this company soared 140 per cent in just one month! Do you own it?
Shares have delivered outstanding returns of more than 2,200 per cent in the past six months!
Despite opening the session lower on the back of weak global cues, Indian benchmark indices managed to move higher, with financial services and banking stocks leading the Sensex rally. Investors were drawn to the finance and investment company Pulsar International Ltd due to its uninterrupted uptrend.
On an intraday basis on Thursday, shares of Pulsar International Ltd surged and locked at a 5 per cent upper circuit, reaching a new 52-week high of Rs 54.78 per share on the BSE. Shares of the company have skyrocketed around 140 per cent in just one month as a result of back-to-back upper circuits, outperforming all other multibagger stocks listed on the BSE. Additionally, just in the past six months, shares have delivered outstanding returns of more than 2,200 per cent.
At the time of writing, the company had a market capitalization of Rs 16.43 crore, of which the promoter group held only around 29 per cent. Considering the financials, it can be observed that the company's revenue and net profit both improved moderately but the stock's price-to-earnings (PE) ratio is extremely high and can be viewed as being overvalued.
Incorporated in 1990, Pulsar International Ltd engages in the business of finance and investments and offers trading, imports and exports, finance and consultancy services.
Keep a close eye on this stock for the upcoming sessions!