This small-cap stock is just unstoppable; hits a fresh 52-week high

In the last five trading sessions, the stock jumped from Rs 480 to Rs 600.

On November 14, shares of Hindustan Foods have surged 9 per cent and closed at Rs 609.05. The stock opened at Rs 571.95 and hit a new 52-week high of Rs 610. 

Hindustan Foods Ltd manufactures products for FMCG companies in categories such as personal care, home care, and food and beverages. The company also sells leather shoes and accessories, detergents, and pest control products.   

Hindustan Unilever Limited, Marico, Scholl, Arvind, Wipro, Dmart, ITC Limited, Godrej, Reckitt, and other well-known companies are partners of Hindustan Food Limited. For international clothing companies like Hush Puppies, Gabor, Steve Madden, Arrow, U.S. Polo, and Louis Philippe, it serves as a contract manufacturer.   

The company recently announced its September Quarterly Results. For the Q2FY23 quarter, the company revenue increased by 40.49 per cent YoY to Rs 661.79 crore from Rs 471 crore, reported in Q2FY22. While the net profit jumped by 62.5 per cent YoY and came in at Rs 18.93 crore.   

In 1988, Hindustan Food was established as a joint venture between the Dempo Group and Glaxo India Limited. According to the company's current shareholding structure, promoters own 64.85 per cent of the company's stake, followed by FIIs at 6.04 per cent, DIIs at 6.55 per cent, and non-institutional investors at 22.56 per cent.  

The company has a market capitalisation of Rs 6771 crore and is currently trading at a PE multiple of 109x. The stock has a 52-week high and low of Rs 610 and Rs 325, respectively.