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Locked in upper circuit: This Smallcap packaging company records 100 per cent jump in net profits! Shares jump 20 per cent
Locked in upper circuit: This Smallcap packaging company records 100 per cent jump in net profits! Shares jump 20 per cent

Locked in upper circuit: This Smallcap packaging company records 100 per cent jump in net profits! Shares jump 20 per cent

The sales and profitability improved on a Y-o-Y and Q-o-Q basis, thanks to an increase in demand for the non-alcoholic and alcoholic beverages and packed food segment.  

Rohit Kale Article rating: 3.6

The investors have certainly cheered on the better-than-expected earnings report as strong buying sentiment propelled the stock 20 per cent to hit the upper circuit.

From Rs 33 to Rs 394: This low PE Smallcap stock became multibagger in just 3 years!
From Rs 33 to Rs 394: This low PE Smallcap stock became multibagger in just 3 years!

From Rs 33 to Rs 394: This low PE Smallcap stock became multibagger in just 3 years!

The company reported a jump of 85 per cent in net profit to Rs 53.09 crore for Q3FY23 with improvement in margins.

Rohit Kale Article rating: 4.1

The stock has been a proven multibagger, having soared over 10 times since March 2020 low of Rs 33 to Rs 394 level in March 2023.

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