Whenever there is a huge amount of buying by investors in any stock, then the chances of upper circuit in that stock also increases a lot.
A similar development has been happening with the shares of Agri Genetics Limited for the past few days.
Due to huge amount of buying in these stocks, upper circuit has been set in the stock due to which an increase of 5% is being seen in its stock price.
Only once the upper circuit is not visible in this stock. This is happening continuously due to which this stock has increased by about 90 percent in the last six months.
Let us tell you that the company had earned very good profits in the last financial year and also posted strong financial results.
In this result, the total revenue of the company was Rs 28.61 crore, which was an increase of 112.08% on annual basis. In this way the total operating profit of the company was Rs 4.36 crore.
Along with all this, the company has recently received many new orders worth Rs 1.39 crore, in which the first order of Rs 1.01 crore was received by the company from Saptashringi Krishi Seva Kendra, which is for the supply of agricultural seeds and pesticides.
And the second order worth Rs 38,95,000 was received from Shetkari Agro Company which was for the supply of agricultural seeds.
Along with this, there is also a huge jump in the share price of Nirman Agri Genetics Limited in which the company has given multibagger returns to its investors, which is an increase of 298%.
Disclaimer: This article has been written for informational purposes only, please consult your financial advisors for investment advice.
