Penny stock at Rs 2.86 locked in the upper circuit as company reports stellar Q1FY25 results, PAT jumps over 200 per cent!

The stock is up by 50 per cent from its 52-week low of Rs 1.90 per share.

Today, shares of Advik Capital Ltd were locked in a 5 per cent to Rs 2.86 per share from its previous closing of Rs 2.73. The stock’s 52-week high is Rs 4.35 and its 52-week low is Rs 1.90.

The sudden rise in the stock price was due to the company announcing stellar Quarterly Results (Q1FY25). The net sales increased by 49.2 per cent to Rs 227.90 crore, operating profit increased by 89.2 per cent to Rs 4.75 crore and net profit increased by 235.7 per cent to Rs 2.35 crore in Q1FY25 over Q1FY24. In FY24, the company reported net sales of Rs 840 crore and net profit of Rs 6 crore.

Advik Capital, a Non-Banking Financial Company (NBFC) with a total assets of Rs 200 crore, is aiming to achieve the status of a Systematically Important Non-Banking Financial Company (SIB-NBFC) by 2025. To achieve this, the company is executing a comprehensive expansion strategy that includes enlarging its business offerings, exploring new-age sectors like healthcare, and strategically evaluating existing lines to improve overall performance. The company is also infusing additional resources to strengthen its operations and attract industry veterans with expertise in risk, operations, governance and technology.

The company has a market cap of Rs 122.45 crore and has delivered good profit growth of 121 per cent CAGR over the last 5 years. According to the shareholding pattern, the promoters of the company own 21.80 per cent and the public owns a 78.20 per cent stake in the company as of June 2024. The stock is up by 50 per cent from its 52-week low of Rs 1.90 per share. Investors should keep an eye on this micro-cap stock.

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

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