Board in its meeting held on Tuesday, 24th December 2024, has approved the commencement of pre-project activities for the establishment of a greenfield Refinery-cum-Petrochemical complex on the East Coast of Andhra Pradesh, at an estimated cost of Rs 6,100 crore.

Recently, HDFC Mutual Fund bought 5,00,066 shares via the open market and the company is backed by Gail (India) Ltd and Bharat Petroleum Corporation Ltd. 

The company has a market cap of Rs 9 crore and the stock gave multibagger returns of over 300 per cent from its 52-week low of Rs 1.47 per share.

The stock is up by 88 per cent from its 52-week low of Rs 167 per share.

The shares of the company have an ROE of 170 per cent and an ROCE of 80 per cent.

The shares of the company have a PE of 5.4x and an ROE of 42 per cent.

The stock gave multibagger returns of 260 per cent in 3 years and a whopping 1,870 per cent in a decade.

According to the quarterly results, the net sales increased by 8.10 per cent, and the net profit increased by 163.90 per cent in Q4FY23 over Q4FY22. The net sales increased by 23.34 per cent in FY23 over FY22. The company reported a net loss of Rs 60.87 crore in FY23 compared to a net profit of Rs 10,145.77 crore in FY22.

According to the quarterly results, the net sales increased by 8.10 per cent, and the net profit increased by 163.90 per cent in Q4FY23 over Q4FY22. The net sales increased by 23.34 per cent in FY23 over FY22. The company reported a net loss of Rs 60.87 crore in FY23 compared to a net profit of Rs 10,145.77 crore in FY22.

Additionally, the company have declared a dividend of Rs 4 per equity share of the face value of Rs 10 each, for the financial year ended March 31, 2023.

The shares of the company saw a spurt in volume by more than 1.70 times on BSE.

The stock gave 14.50 per cent in 6 months, down by 10.98 per cent in 1 year and since November 1, 1996, till date, the stock generated over 1,300 per cent return. 

The stock gave 11.89 per cent in 6 months and down by 10.64 per cent in 1 year.

Watch out for these large-cap stocks in Tuesday’s trading session!