Multibagger in just 6 months: Watch out for this small-cap stock which was locked in the upper circuit!
The stock made a new 52-week high today.
Shares of Focus Lighting & Fixtures Limited made a new 52-week high, gaining 5 per cent in today’s trade on NSE. The stock has given multibagger returns to its shareholders in just 6 months. During this period, the company’s share price jumped from Rs 198.35 on October 21, 2022, to Rs 667.15 on April 19, 2023, an increase of about 236 per cent in six months holding period.
In the previous quarter, the revenue of the company grew by 137.99 per cent YoY while the bottom line increased by 676.96 per cent.
Today, the stock opened at Rs 243.75, with a high and low of Rs 244 and Rs 236.30. Currently, the stock is trading at Rs 2349.40, down by 1.85 per cent. The stock has a 52-week high of Rs 317.80 and a 52-week low of Rs 112.55. The company has a ROCE of 7.53 per cent and an ROE of 3.28 per cent with a market capitalisation of Rs 654 crore.
Focus Lighting & Fixtures Limited is engaged in the manufacturing and trading of innovative LED lights and fixtures. The company provides a range of verticals in the retail industry, office and home lighting, hospitality lighting, and lighting for infrastructure projects. It has a product range of cabinet lights, Dione Cove, EOS, Lightning systems, Pendant, Recessed, Semi-recessed, surface, track and trimless.