On Tuesday this small-cap stock hit 5% upper circuit after the company commenced the new Multi Brand Store. Currently, the stock is trading above the 50-day and 200-day moving averages. The stock has given 125% returns in six months; making an investment of 1 lakh one year ago now would be worth Rs. 2.25 lakhs.
Electronics Mart India Ltd
Electonics Mart India Ltd the company has a market capitalisation of Rs. 6,459 Cr. On Tuesday, the stock hit the 5% upper circuit at Rs. 167.90 on BSE also recorded as the company’s new 52-week high price.
According to the BSE filing, Electronics Mart India Ltd has commenced commercial operations of a new Multi Brand Store under the brand name ‘BAJAJ ELECTRONICS’ in Andhra Pradesh on an 8,820 Square feet area.
The company’s total revenue increased by 20% from Rs. 1,410.2 Cr in Q1 FY23 to Rs. 1,691.5 Cr in Q1 FY24 and the net profit, grew by 48.2% from Rs. 40.6 Cr in Q1 FY23 to Rs. 60.2 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 72.97%, the Public hold 7.34%, DIIs hold 15.18% and FIIs hold a 4.51% stake in the company.
Electronics Mart India Limited is the compnay that sells consumer electronics and durable items. Through its stores and online platforms segment, the company sells and wholesales electrical home items and accessories. The company’s stores are located in the states of Telangana and Andhra Pradesh.
Written by Sheshadri N
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