THIS NBFC PENNY STOCK HIT UPPER CIRCUIT FOR THIRD CONSECUTIVE SESSION
Best Penny Stocks 2024: Advik Capital shares saw a significant rise and hit the upper circuit shortly after the stock market opened on Thursday, July 26. This marks the third straight session where the stock has reached its upper circuit, following the company's announcement of strong Q1 results for 2024.
Why Advik Capital Share Price Increasing?
Advik Capital, a non-banking financial company (NBFC), has been experiencing this surge since the Q1 results were released.
Advik Capital Q1 Results: Total Income
In the June 2024 quarter, Advik Capital reported a total income of Rs 4.97 crore, an increase from Rs 4.15 crore in the previous quarter and Rs 4.47 crore in the same period last year.
Advik Capital Q1 Results: YoY
This marks a year-on-year (YoY) increase of 11.20 per cent in total income and a 19.75 per cent rise in total revenue.
Advik Capital Q1 Results: Net Profit
The company's net profit also showed impressive growth, standing at Rs 2.22 crore, up from Rs 0.42 crore in the January to March 2024 quarter and Rs 1.30 crore in the first quarter of the previous fiscal year.
Advik Capital Q1 Results: YoY Increase in Net Profit
This represents a YoY increase of over 70 per cent in net profit and a remarkable 428 per cent growth quarter-on-quarter.
Advik Capital: Mcap
Advik Capital shares are traded exclusively on the BSE and have a market cap of Rs 122 crore.
Advik Capital Share Trade Volume
The current trade volume is around 31.40 lakh shares.
Advik Capital Share Price: 52-Week High And Low
The stock's 52-week high is Rs 4.35 per share, while the 52-week low is Rs 1.90 per share.
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Advik Capital Stock Price
In the past month, Advik Capital's stock price has increased from Rs 2.38 per share to Rs 2.86 per share, marking a rise of over 20 per cent.
Advik Capital Share Price: YTD Performance
Year-to-date (YTD), the stock has surged around 35 per cent. Over the past year, this penny stock, priced below Rs 5, has delivered a 45 per cent return to investors.
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2024-07-26T16:03:58Z dg43tfdfdgfd