Multibagger stock in making? Pharma stock Sigachi Industries hits 52-week high after Q2 results 2023
Multibagger stock: Sigachi Industries shares are one of those stocks that might delivere multibagger return in YTD. This pharma stock has surged to the tune of 96 per cent in 2023 and looking all set to double positional investors' money in YTD. However, before it could double shareholders' money, it has climbed to a new 52-week high of ₹55.85 per share levels on NSE.
ASK Automotive share price jumps after positive debut. Buy, sell or hold? Incidently, the potential multibagger pharma stock has hit 52-week high after declaration of Q2 results 2023 on Tuesday. As per the lasted exchange filing by Sigachi Industries, the pharma company has reported 18.50 per cent rise in total income during July to September 2023 quarter.
In this period, company's net profit grew more than 11 per cent while its revenue from operations in second quarter of the current financial year increased over 20 per cent in YoY terms. The board of directors of the pharma company considered and approved un-audited financial results of the company for second quarter of the current fiscal on 14th November 2023. As per the exchange filing of the company, company's second quarter net profit in the financial year 2023-24 grew over 11.30 per cent to ₹15.12 crore against Q2FY23 net profit of ₹13.58 crore.
A bull market is coming: This is how you should prepare for it Sigachi Industries Ltd reported YoY growth of 18.50 per cent in total income to ₹100.28 crore against a total income of ₹84.68 crore in corresponding period of the previous financial year. Company's revenue from operations in second quarter of the current financial shot up over 20 per cent to 9.18 crore, which stood at ₹82.47 crore in second quarter of the previous financial year. In last one
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