Do you own this multibagger company that soared 94 per cent in just one month by hitting back-to-back upper circuits?
Its stock price has surged 2,339 per cent in just one year!
At 3:00 pm, only buyers were visible in the case of Katare Spinning Mills as the stock hit a 5 per cent upper circuit on BSE at Rs 458.45 per share. This multibagger textile stock has been hitting the upper circuit for many trading sessions. Its stock price has surged 2,339 per cent in just one year! It gained 935 per cent year-to-date while providing investors with returns of 508 per cent in just six months!
Considering its yearly performance, the net sales of Katare Spinning Mills declined 66.95 per cent to Rs 3.46 crore as against Rs 10.47 crore during the previous year ended March 2021. However, the net profit soared to Rs 7.92 crore against a net loss of Rs 1.74 crore during the previous year ended March 2021.
The preparation & spinning of cotton fibre, particularly blended cotton, is the main business of Katare Spinning Mills, which was founded in 1980. The hospitality sector is another area of business for Katare Spinning Mills in addition to generating cotton yarn and solar energy.
Keep a close eye on this scrip for the upcoming sessions.