Stock below Rs 200: Keep an eye on this stock, which was locked in the upper circuit on November 25

Today, the stock of this company was locked at 20 per cent at Rs 131.10.

One of the Top Gainers on the BSE today, shares of Commercial Syn Bags Ltd surged and reached an upper price band of Rs 131.10 per share, after being locked in the 20 per cent upper circuit. Additionally, the company's stock price has climbed dramatically after the bonus issue of shares in the ratio of 2:1. Additionally, during the course of recent trading sessions, the company's shares have made a string of upward circuits.

In comparison to FY22, when the net profit was Rs 11.98 crore, it increased to Rs 18.31 crore or 52.8 per cent in FY23, according to the company's annual consolidated financial figures. The company has an ROE of 20.2 per cent and a ROCE of 15.8 per cent. Thus, the increase in the stock price is mainly due to the good numbers that the company announced in FY23 and hence is witnessing some fresh buying.

Commercial Syn Bags Ltd is one of the oldest players in the packaging industry. It manufactures bulk flexible packaging products, industrial traps, covers and other products. Today, the shares of Commercial Syn Bags Ltd saw a spurt in volume by more than 2 times on BSE.      

The stock is up by 72 per cent in one year while BSE Sensex is up by 5.71 per cent in one year. Investors must keep this stock on their watch list.