Multibagger Stock: Investing in small-cap stocks is highly risky as it gives maximum divergence during a single trigger. However, high-risk investors prefer to invest in penny stocks, provided they are confident about the company’s business model and its fundamentals as reflected from its balance sheet. There is a news from the stock market today for such high risk investors.
Small Cap FMCG Company Mishtan Foods has reported a 216 per cent YoY jump in its net profit for the quarter ended June 2022. The FMCG company has registered a growth of 118 per cent in sales in the recently ended June 2022 quarter. According to Share Market According to experts, the FMCG company has posted strong results in the first quarter and once it breaks its upper barrier, it can deliver strong gains. 12 per share level.
Mishaan Foods Share Price Outlook
,dessert foods Has posted strong Q1 results with substantial growth in profit margin. The company’s strategy and business model has benefited immensely from its recent investments and order book and the financial position is expected to improve further in the coming quarters. Mishtan Foods stock is showing strength on the daily chart and the stock has the potential to touch 12 levels in the near term,” said Ravi Singh, Vice President and Head of Research, Shares India.
Sumeet Bagadiya, Executive Director, Choice Broking, while speaking on the technical outlook for share price of Misahtan Foods said, “The stock is currently trading at Rs. from 7 11 per share range and above, it may give a sharp bounce 12 per share level. Investors are advised to buy this stock either around 7 per share level or more 12 levels.
Echoing views from Sumeet Bagdia, Manoj Dalmiya, Founder, Proficient Equities, said, “OPM has grown by an average of 9-10 per cent in recent quarters and has improved operating efficiencies with ROCE and RoE at 38 per cent and 36.5 per cent respectively. St. The stock is witnessing some change, investors can wait and check the continuation and then submit. The company also has a huge export market. With the government’s emphasis on the agriculture sector, Mishton this Sunrise is riding high in the area.”
Dessert Foods Q1 Results
In Q12FY23 results, the BSE listed FMCG company has reported a massive jump of 216 per cent year-on-year in net profit. 3.49 Cr to 11.03 crore in the quarter ended June 2022. Company’s sales up 118.73 percent 158.27 crore as compared to the quarter ended June 2022 72.36 crores during the previous quarter ended June 2021. In Q1FY23, Mishton Foods Ltd. has received good response for Mishton Salt, which had received several orders from leading retail stores, and the company has successfully executed these orders and is receiving good response for its salt. Which has many health benefits.
Mishtan Foods share price information
The current market capitalization of a small-cap stock is 442 crores and its trading volume on Tuesday stood at 1,09,08,279 on BSE, which is almost three times its 20 days average trade volume of 36,43,706. This penny stock hits a 52-week high 19.55 while its 52-week low is . Is 1.94 per share. In the past year, it has increased from from 3 The 8.84 level, logging close to a 195 percent increase over this time horizon.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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