The shares of Alliance Integrated Metaliks Limited opened in the green on Thursday. They surged by 29.38% in the last five days. In fact, they rose 9.97% on Wednesday’s intraday trade and got locked at an upper circuit amid a choppy session. The company manufactures a wide range of metal structures and parts of metal structures by fabrication and supply of related heavy steel structures and equipment.
Alliance Integrated Metaliks’ share price hit the roof as it gave multibagger returns of a whopping 1,422.06% in the past year. This means that if an investor would have invested ₹ 1,00,000 in the company’s shares a year ago, the value of their holdings would have been ₹ 15,22,060!
In fact, even if an investor would have invested ₹ 1,00,000 in the company’s shares only six months ago, the value of their holdings would have been ₹ 4,39,800 as the stock gave multibagger returns of 339.80%.
Its shares are currently trading at ₹ 31.50 per share. They reached a 52-week high of ₹ 37.80 and a 52-week low of ₹ 2.04.
Alliance Integrated Metaliks is a small cap company with a market capitalization of ₹ 365 crores. It is important to note that the company has a negative debt-to-equity ratio of -0.89 on a standalone basis. This could mean that the company has more liabilities than assets. It could mean that the company might be at risk of bankruptcy.
On the bright side, the company’s promoters hold a 71.35% stake in it. FIIs hold a 1.55% stake, the public holds a 27.09% stake and others hold a 0.01% stake. Its sales have been increasing over the past three years and its net loss is decreasing, which is a good sign.
Written by Simran Bafna
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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