Shares of the company gained more than 230% in the last six months.
SKM Egg Products Export India Limited has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 97.70 on September 26, 2022, to Rs 433.85 on September 26, 2023, an increase of more than 350% in a one-year holding period.
An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs 4.50 lakh today.
SKM Egg Products Export has reported a strong first quarter for FY24, with net profit growth of 415.5% to Rs 35.26 crore, compared to Rs 6.84 crore in the same quarter last year. The operating profit also saw a significant increase of 298.4%. The total income for the quarter increased by 61.14% to Rs 212.04 crore, compared to the previous year’s same quarter.
SKM Egg Products Export (India) Limited is engaged in the manufacture and sale of egg powder and liquid eggs with varieties of blends used in various segments of the food industry and in the health sector.
Today, the stock opened at Rs 461.90, with a high and low of Rs 462.25 and Rs 434.25, respectively. The stock ended the trading session at Rs 436.55, down by 4.50%. The stock has a 52-week high of Rs 559.40 and a 52-week low of Rs 95. The company has a ROCE of 46.4% and an ROE of 48.2% with a market capitalisation of Rs 3,150 crore.
The stock has shown impressive growth and investors should keep a close eye on this stock.
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.