Master Components 10% and Hits Upper Circuit Today
The shares of Master Components have delivered a return of around 117% to its shareholders in the past 1 month.
Incorporated in 1999, Master Components Limited manufactures plastic engineering components and sub-assemblies. The company’s primary activity is molding materials to produce new components for the electrical, medical, industrial, and automotive sectors. Today the company experienced a significant surge in its share price.
At the start of the day’s trading session, the stock opened at Rs 328 per share, compared to the previous day’s closing figure of Rs 324.50 per share on the NSE. As of the time of writing this article, the shares are currently at Rs 356.95 per share on the NSE. The stock has reached the upper circuit price limit of 10%, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers.
The company’s current market capitalization stands at Rs 142.78 crore, and the stock has generated an impressive return of around 154% in just 6 months.
Stock Price Chart (Daily)
Trading and Delivery Volumes (Daily)
Financial Performance
In Q4 FY24, the company reported revenue of Rs 13.80 crore, an operating profit of Rs 2.37 crore, and an operating profit margin of 17.17%. The company reported a net profit of Rs 1.67 crore for the quarter. Looking at the company’s annual performance, it achieved revenue of Rs 25.29 crore in FY24, up from Rs 20.70 crore in FY23. The company recorded an operating profit of Rs 4.28 crore, with an operating profit margin of 16.92%. The net profit for FY24 stood at Rs 2.68 crore.
According to the shareholding pattern, the promoters of the company hold 72.45% while the public or retail investors hold the remaining 27.55%.
Investors must keep this stock on their radar.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.