BSE listed small-cap stock hits upper circuit after Q4 results. Do you own?
BSE listed stock has been hitting 5% upper circuit for the last three straight sessions
PremiumCircuit to circuit stocks: BSE listed stock RO Jewels has witnessed strong buying interest by stock market bulls leading to no seller status during Monday deals. The small-cap penny stock today opened upside and went on to hit 5 per cent upper circuit within few minutes of stock market's opening bell. The small-cap stock has seen buying interest after announcement of fourth quarter results, which were outstanding.
Q4FY23 results
The micro-cap stock reported over 900 per cent YoY rise in revenue to ₹506.52 crore against ₹46.79 crore in the financial year 2021-22. The gems and jewelry company reported over 1000 per cent rise in EBIDTA during the fourth quarter results in the financial year 20222-23. Company's PAT grew by around 1050 per cent in January to March 2023 quarter.
In FY23, the gems and jewelry company reported 1345 per cent YoY rise in revenue at ₹491.25 crore against ₹33.98 crore in the previous fiscal. Company's profit after tax 9PAT) grew by over 2400 per cent in the financial year 2022-23.
The small-cap penny stock has been hitting upper circuit for the last three straight sessions. as per the in formation available on BSE's official website, this small-cap penny stock has a history of stock split and bonus share issue. On 17th March 2023, this micro-cap stock traded ex-split in 1:5 ratio. This means a shareholder's holding grew by 500 per cent after the stock split.
On 2nd June 20222, this gems and jewelry stock traded ex-bonus stock for issuance of bonus shares in 82:32 ratio, means 82 bonus shares for every 32 stocks held by a shareholder of the penny stock.
The microcap company with a market cap of around ₹25 crore is actively involved in the wholesale trade of gold and silver chains. Its primary focus is on offering a range of gold-based chains, bracelets, gold/silver bars, and necklaces. The company exclusively acquires ready-made chains and other jewelry items from established jewelry manufacturers and independent wholesalers located in Ahmedabad and Mumbai. Notably, the company's jewelry products are predominantly distributed throughout Gujarat, employing a combination of B2B marketing and direct/outbound marketing strategies. The company boasts a diverse and extensive portfolio.
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