Multibagger inventory: After announcement of Q1FY23 outcomes on Thursday, BSE listed Orissa Bengal Provider shares have attracted sturdy shopping for curiosity among the many market bulls on Friday. In morning session, shares of the logistics firm opened with an upside hole and went on to hit intraday excessive of ₹130.40 apiece ranges on BSE, logging round 16 per cent from its Thursday shut of ₹108.70 apiece ranges.
On Thursday, the multibagger logistics firm reported sturdy quarterly earnings. Within the June 2022 quarter, firm earned internet revenue of ₹3.12 crore which is up by round 43 per cent in comparison with final 12 months’s similar quarter end result. Even the quarter on quarter revenue is up by 43 per cent.
“We count on our enterprise to develop additional as demand for logistic enterprise is predicted to extend within the coming 12 months,” firm administration stated whereas sharing its quarterly numbers.
Orissa Bengal Provider share value historical past
The inventory was initially listed on BSE solely however now’s obtainable for commerce on NSE too. In final one month, this BSE listed inventory has risen from round ₹120 per share ranges to round ₹130 apiece ranges, logging round 10 per cent rise on this interval. In final six months, this logistics share has dipped from round ₹180 to ₹130 apiece ranges, clocking close to 30 per cent dip on this interval. In 12 months up to now (YTD) time, this share has slipped to the tune of 65 per cent.
Nonetheless, in final one 12 months, it is likely one of the multibagger shares that Indian inventory market has produced lately. In final one 12 months, this logistics share has risen from round ₹38.50 to ₹130 apiece ranges, surging round 225 per cent on this interval.
Orissa Bengal Provider is a small-cap inventory with a market cap of ₹259 crore. Its present commerce quantity is 2,68,198 nonetheless its final 20 days commerce quantity is barely 19,805. Its 52-week excessive is ₹362.90 whereas its 52-week low is ₹35 per share on BSE.
Obtain The Mint Information App to get Each day Market Updates.
Extra
Much less
Supply: Live Mint