Multibagger stock hits 52-week high despite 200% rally in one year
Stock market today: Ok Play India shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, the small-cap stock with a market cap of ₹537 crore has risen from around ₹61 to ₹187.05 per share level, delivering over 200 percent returns to its long-term positional investors. However, it seems that the small-cap multibagger stock still possesses some upside potential.
Ok Play India share price today opened upside and went on to touch an intraday high of ₹187.05 apiece on BSE, touching a new 52-week high during Friday deals. Also Read: Small-cap stock below ₹50 jumps 10% after stellar Q3 results The multibagger small-cap stock has been in an uptrend ahead of the announcement of its third-quarter results for the financial year 2023-24. the small-cap company declared its third quarter results for the current fiscal on Wednesday while the stock has been surging for the last four days in a row.
In the October to December 2023 quarter, the small-cap company reported a total revenue of ₹362.11 crore, which stood at ₹307.35 crore in the previous quarter of the current financial year. This means the small-cap company has reported a 17.81 percent QoQ rise in total revenue during the October to December 2023 quarter. In the first nine months of the current financial year, the company's unaudited total revenue stood at ₹1,017.80 crore, which stood at ₹970 crore in the corresponding period of the previous fiscal.
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