Penny Stock Under Rs 20: This Shipping Logistics Stock Hits Upper Circuit, PAT Surged by 167 Per cent in Q1 FY25!

The company’s shares have delivered a return of over 35 per cent to its shareholders in the past 1 year.

This micro-cap company is involved in providing third-party logistics solutions. It offers customized and end-to-end logistics solutions and services, including transportation distribution, freight forwarding, clearing and forwarding services, customs house clearance, warehousing, and value-added services.

At the start of the day's trading session, shares of Accuracy Shipping Ltd opened at Rs 12.31 per share, compared to the previous day's closing figure of Rs 11.73 per share on the BSE. Currently, the shares are at Rs 12.31 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 185.34 crore. The company’s shares have delivered a return of over 35 per cent to its shareholders in the past 1 year.

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As per the Quarterly Results, in the Q1 FY25, Accuracy Shipping Ltd recorded a revenue of Rs 202.17 crore compared to Rs 142.14 crore. The operating profit stood at Rs 8.97 crore. The net profit stood at Rs 2.48 crore compared to a loss of Rs 3.72 crore representing a gain of 167 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 708 crore in FY24. The operating profit for FY24 was Rs 24 crore with a net profit of Rs 0.50 crore compared to a net profit of Rs 8.22 crore in FY23.

According to the shareholding pattern of the company, the promoters hold a significant 63.69 per cent stake. Public investors own 36.31 per cent of the shares.

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Investors must keep this stock on their radar.

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