Price and Volume Breakout Alert: Keep This Stock on Radar Under Rs 50, Hits All-Time High with Robust Volumes

The company's shares have delivered an impressive return of over 70 per cent in just 3 months.

Incorporated in 1971, KM Sugar Mills Ltd manufactures and trades sugar, ethanol, and ethyl alcohol, and generates power using bagasse. Today, the company witnessed a significant spurt in its share price along with good volumes.

Looking at the stock chart on the weekly timeframe, it encountered resistance or hurdles at around Rs 44 to Rs 45 per share. Yesterday, it closed at the same resistance level. Despite falling from that level, it opened higher today compared to the last day's closing levels and rallied over 10 per cent today as of writing this article.

Moreover, it not only hit its 52-week high but also reached the blue-sky zone today, which is an all-time high level. Additionally, there is a significant spurt in trading volumes on the BSE, increasing by 3.83 times as per the latest update.

Currently, the company's shares are trading at around Rs 49.35 per share, with a current market capitalization of Rs 453.47 crore. Additionally, the shares have delivered around 73 per cent growth in just 3 months.

As per the Quarterly Results, in the fourth quarter of FY24, the company recorded a revenue of Rs 122.93 crore. The operating profit for Q4 FY24 stood at Rs 19.51 crore, resulting an operating profit margin of 15.87 per cent. The net profit for Q4 FY24 was Rs 7.66 crore. Looking at the annual performance, the company generated a revenue of Rs 657 crore in FY24, compared to Rs 576 crore in FY23. The operating profit for FY24 was Rs 70 crore, with a net profit of Rs 28 crore.

Regarding the shareholding pattern, the promoters own 56.51 per cent of the company and the public or retail investors hold 43.23 per cent.

Investors must keep this Small-Cap stock on their radar.

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