Kaya Rallies 20% and Hits Upper Circuit Today
The shares of Kaya Limited have delivered a return of around 26% to its shareholders in the past 3 months.
Kaya Limited is an India-based company that operates a chain of skin, hair, and body care clinics in India and the Middle East. The company offers specialty products and services developed by its dermatologists. It provides a range of skin and hair care products and services, such as remedying acne, pigmentation, dull skin concerns, overall skin health, hair concerns, and other everyday skin and hair needs. 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 349 per share, compared to the previous day’s closing figure of Rs 325.20 per share on the BSE. As of the time of writing this article, the shares are currently at Rs 390.20 per share on the BSE. The stock has reached the upper circuit price limit of 20%, 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 509.76 crore, and the stock has generated an impressive return of around 14% in the past year.
Stock Price Chart (Weekly)
Trading and Delivery Volumes (Daily)
Financial Performance
In Q4 FY24, the company reported revenue of Rs 96 crore compared to Rs 93 crore, representing a growth of 3.19% YoY. The company reported an operating loss of Rs 81 crore compared to a loss of Rs 25 crore in Q4 FY23. The company reported a net loss of Rs 99 crore in Q4 FY24 compared to a net loss of Rs 56 crore. Turning attention to the company’s annual performance, it reported revenue of Rs 404 crore compared to Rs 377 crore in FY23. The company reported an operating loss of Rs 44 crore. The company’s net profit stood at Rs 130 crore in FY24.
According to the shareholding pattern, the promoters of the company hold 59.79%, FIIs and DIIs own 0.74% and 1.94% while the public or retail investors hold the remaining 37.49%.
Investors must keep this stock on their radar.
Disclaimer: This post 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.