The company's order book has shown a significant increase, from 10,240 orders in October 2022 to 18,001 orders in October 2023, a growth rate of 75.79 per cent. Automation orders grew by 44.33 per cent, while Car Parking orders saw a substantial 135.5 per cent growth.

Shares of this company have gained more than 250 per cent in the last six months.

The PAT (profit after tax) increased by 69.66 per cent from March 2022 quarter to report Rs 1.51 crore.     

In the last one month, the stock has gained more than 85 per cent.  

In the last two trading sessions stock has gained more than 35 per cent. 

This smallcap company, belonging to the pharma domain, has exhibited strong growth phase along with improvement in financial numbers.

Today, the stock made a new 52-week high. 

The end to the financial year 2022-23 was quite painful as Nifty lost over 1,500 points in just over 3 months. The domestic market is the one of the most underperforming markets in the world in recent times, which has taken a toll on investors’ sentiment.

The stock has been a proven multibagger, having soared over 10 times since March 2020 low of Rs 33 to Rs 394 level in March 2023.

Listed in April 2022 at around Rs 220 a piece, the stock has proved to be a multibagger in less than one year.

Interestingly, the stock has bounced back 15 per cent from the February lows and currently, it is trading at Rs 366. The stock is on the verge of a technical breakout

In light of these impressive returns, investors are encouraged to keep a close eye on this trending multibagger stock

On Monday, the domestic markets witnessed sharp sell-off amidst rising Covid cases in India, along with other factors like SVB crisis, Adani fraud allegations, fear of aggressive rate hikes and continuous FII selling.

On Monday, Nifty opened on a flat note and hit the day’s high of 17,530 level but severe profit booking pulled Nifty below 17,300 level. Despite this volatile session, one small cap stock from Hotels and Restaurants industry has rallied more than 16 per cent, backed by massive volumes during the initial hours of the day. 

This week, the stock rallied around 10 per cent with massive volumes to touch its breakout level of trend reversal price pattern on weekly charts.

Trading volume also spiked by over 11.49 times and the stock closed at Rs 49.33, up 19.70 per cent

The company has witnessed heavy buying as it has given staggering multibagger returns of more than 580 per cent in less than 6  months

The net profit of the company shot up by more than 978 per cent from the corresponding quarter last year to Rs 230.04 crore.

The company’s product line includes OPGW (Optical Fibre Ground Wire), OFC cables, ACS (Aluminum Clad Steel Wire), ERS (Emergency Restoration System) and OPGW junction boxes. 

Despite the broader market being under selling pressure on February 7, good quality stocks continued to see strong buying interest. These Smallcap stocks outperformed Nifty Smallcap index which fell 0.74 per cent on Tuesday.

On January 25, 2023, the stock surged more than 3.5 per cent to make an intraday high of Rs 52.75. The scrip witnessed some profit booking and closed 0.79 per cent up at Rs 51.35

For the September quarter ended 2022, the company reported a 40 per cent growth from last year’s same quarter total income to Rs 31.93 crore. The net profit zoomed by more than 87 per cent from the corresponding quarter last year to Rs 6.78 crore. 

The company informed the exchange that they have fixed February 15, 2023, as the record date for the purpose of determining eligible shareholders for split of each equity share into 5 equity shares (1:5)

The amount of cane crushed was larger in the fiscal year 2022 compared to the previous year, which led to an increase in revenue of the company, around 20 per cent on an annual basis

Recently the company, in its press release stated that they have secured approval for registration of the VLT (Vehicle Location Tracking) devices, for usage in the state of West Bengal. 

The company has shown positive traction as it has given multibagger returns of over 247 per cent in just 6 months and over 149 per cent in 1 year. In the past 5 trading sessions, the stock has been hitting consecutive upper circuits and has jumped more than 20 per cent. On a monthly basis, the stock has given outstanding returns of over 73 per cent.  

The speciality chemicals company with the market capitalisation of about Rs 1,900 crore is now in a structurally uptrend phase as per the technical chart.

The FII’s have increased their stake from 11.92 per cent to 18.16 per cent, witnessing the most aggressive FII buying in this period under banking space.   

Despite the volatile action in the broader market, fundamentally good quality Smallcap stocks have seen strong buying interest from the investors as many hit their fresh 52-week high levels at the start of the New Year.

The company has also made great achievements in farming as their ponds produced a world record in shrimp harvesting

Today, shares of Knowledge Marine & Engineering Works Ltd (KMEW) surged 12.75 per cent and reached a new 52-week high of Rs 1,146.35 apiece. The stock generated multibagger returns of 329.75 per cent in just 6 months and 661.75 per cent in 1 year.

The global disruption of supply chain last year has impacted the manufacturing cost and raw material shortages in leading sectors. The need for supply chain solution amid innovation and state-of-the-art technology adoption is necessary to counter macro headwinds and economic uncertainty.