Promoter Bought Shares Worth Rs 80,00,000 of This Turnaround Micro-Cap Company: Posted Profit After 2 Years of Losses; Must-Watch!

The shares of the company have delivered a return of over 150 per cent to its shareholders in just 2 years.

The promoters of this micro-cap, which manufactures visual presentation systems utilized in educational institutions such as schools and colleges, have purchased shares worth Rs 79.52 lakh from the market as per the latest update. The company was incorporated in 2020.

Shrenik Kamlesh Shah and Akshay Narendra Shah Promoters of Alkosign Ltd have purchased 36,000 shares each, worth Rs 79.52 lakh today.

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At the start of Friday’s trading session, the stock opened at Rs 117.95 per share, compared to the previous day's closing figure of Rs 114.80 per share on the BSE. The stock has reached the upper circuit price limit of 5 per share, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. Finally, the stock closed the day at Rs 117.35 per share on the BSE. The company's current market capitalization stands at Rs 84.43 crore, and the stock has generated a return of around 43 per share in the past 1 year.

As per Quarterly Results in Q4 FY24, the company reported a quarterly revenue from operation of Rs 14.43 crore compared to a revenue of Rs 12.27 crore, representing a growth of 17.60 per cent on a YoY basis. The company posted a net loss of Rs 5.02 crore in Q4 FY24 compared to a net profit of Rs 0.18 crore.

Turning attention to the annual performance of the company, it reported a revenue of Rs 35.69 crore, compared to Rs 21.38 crore in FY23 representing a growth of 67 per cent YoY. Moreover, the company’s net profit stood at Rs 0.78 crore in FY24 compared to a loss of Rs 0.46 crore. Moreover, the company posted a net profit after 2 years of losses back-to-back.

Investors must keep this micro-cap stock on their radar.

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