Penny Stock: Heavy Buying Shipping Logistics Stock Rallied 10 Per cent in Just 1 Day & Hits Upper Circuit; Volumes Surged by Over 3.90 Times on BSE!
Spurt in volumes by more than 3.90 times in the today’s trading session.
This micro-cap company is engaged in clearing and forwarding as well as transportation services. It operates at 4 seaports in Gujarat: Mundra, Hazira, Kandla, and Pipavav. The company currently manages a fleet of 9 owned commercial trailers for moving containers and also hires third-party transport operators to meet customer shipping demands.
At the start of the day's trading session, shares of Cargotrans Maritime opened at Rs 74 per share, compared to the previous day's closing figure of Rs 69 per share on the BSE. Finally, the shares closed at Rs 75.90 per share. The stock has rallied 10 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 30.97 crore. Today there is a significant spurt in trading volumes by more than 3.90 times on the BSE.
The company doesn't provide Quarterly Results and as per the half-yearly results in March 2024 Cargotrans Maritime recorded a revenue of Rs 28.58 crore compared to Rs 29.49 crore. The operating profit for the period stood at Rs 0.84 crore. The net profit for the period was Rs 0.58 crore compared to a profit of Rs 0.54 crore. Looking at the annual performance, the company generated a revenue of Rs 61.70 crore in FY24, compared to Rs 69.61 crore in FY23. The operating profit for FY24 was Rs 2.415 crore with a net profit of Rs 1.78 crore.
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According to the shareholding pattern of Cargotrans Maritime, promoters own a 73.53 per cent stake, while public investors hold 26.47 per cent.
Investors must keep this stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.