This small-cap stock gains more than 6% after 42 lakh shares changed hands. The stock delivered 30% returns in six months. It is currently trading 6.9% below the 52-week high and above the both 50-day and 200-day moving averages.
NCL Industries Limited
NCL Industries Limited, the company belongs to a small-cap category with a market capitalisation of Rs. 1,043 Cr. On Thursday the stock rose over 6%, at 12:25 p.m., shares were trading 2.1% up at Rs. 229.80 on NSE.
As per the reports, 42 lakh shares or 9.3% equity changed hands in four large pre-market trades, at Rs. 225 per share. Which is worth Rs. 94.5 Cr. Both the buyers and sellers not know immediately.
According to the company filing, total revenue grew by 13% YoY from Rs. 394 Cr in Q1 FY23 to Rs. 445 Cr in Q1 FY24 and net profit increased by 146% YoY from Rs. 12.5 Cr in Q1 FY23 to Rs. 30.8 Cr in Q1 FY24.
As per the latest shareholding data, Promoters hold 47.27%, FIIs hold 3.49%, DIIs hold 0.05% and the public hold a 49.19% stake in the company.
NCL Industries Ltd primarily manufactures and sells cement, ready-mix concrete (RMC), cement-bonded particle boards (CBPB), and prefabricated shelters. Cement, Boards, Energy, Readymade Doors, and RMC are the company’s operating segments. It earns maximum revenue from the cement segment.
Written by Sheshadri N
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