Earnings growth is a key factor in the search for multibaggers. Companies that guide for robust earnings growth of 40-50 per cent compounded annual growth rate (CAGR) are particularly promising. Such growth rates imply a potential doubling of revenue in just two years,

Profit After Tax (PAT) stood at Rs 14.77 crore, demonstrating a notable 59 per cent YoY growth.

Amidst a significant moment for the business, it was granted incentives following their recent report of achieving a net profit worth Rs 10 crore during the quarter concluded on December 31, 2022. The newfound impetus is likely to propel the stock towards further expansion.

Listed in April 2022 at around Rs 220 a piece, the stock has proved to be a multibagger in less than one year.

After last week's significant upward movement, the sectors of auto, oil & gas and some PSU banks climbed while the sectors of pharmaceuticals and FMCG remained muted.

The top gainers were Divi's Laboratories, Coal India, IndusInd Bank, HDFC Bank and ONGC while the top losers were Asian Paints, Infosys, Eicher Motors, Cipla and Sun Pharmaceuticals.  

Stocks in the banking, media and metal industries were in high demand, while pharma, healthcare and real estate stocks experienced some selling pressure.

After a volatile session, the major market benchmarks ended close to the day's low.