Keep an eye on this stock which was locked in the upper circuit on February 23
In Q3FY23, the net profit recorded was 3.98 crore compared to a net loss of Rs 2.23 crore in Q3FY22. In FY22 net sales rose by 23.61 per cent compared to FY21.
The benchmark indices were trading lower on Thursday, with the Sensex down 139.18 points or 0.23 per cent at 59,605.80 and the Nifty down 43.05 points or 0.25 per cent at 17,511.24.
Despite being a weak market today, shares of Aarti Surfactants Ltd, one of the Top Gainers on BSE surged and reached an upper price band of Rs 229.50 per share, after being locked in the 20 per cent upper circuit from its previous closing of Rs 191.25. The stock also traded at a new 52-week high of Rs 229.50 per share.
Aarti Surfactants Limited has a market cap of Rs 448 crore. The company manufactures speciality chemicals. The company offers surfactants, blends and preservatives for home and personal care, industrial applications, agro and oil industries. The company serves customers worldwide.
Recently, Aarti Surfactants declared Quarterly Results (Q3) wherein the company reported positive numbers. In Q3FY23, the net profit recorded was 3.98 crore compared to a net loss of Rs 2.23 crore in Q3FY22. In FY22 net sales rose by 23.61 per cent compared to FY21. In addition, on January 25, 2023, the company declared a 2:17 rights issue for shareholders.
Investors should keep an eye on this Small-Cap stock for upcoming trading sessions.