Stock all time high: The stock price of Dhatre Udyog has risen since the beginning of 2023. In YTD time, this metal stock has increased from around. ₹83.50 to ₹234.95 apiece levels on BSE, registering around 180 percent increase in this time. So, it is one of the multibagger stocks that Indian stock market has delivered in 2023. However, it seems that Dhatre Udyog stock still has some steam.
This metal stock has touched an upper circuit during the last two trading sessions. In fact, Dhatre Udyog stock also touched a lifetime high during the last two trading sessions. After touching an upper circuit in Monday’s session, this circuit to circuit stocks opened today and continued to hit an intraday high of ₹234.95 apiece on BSE, locked in a 5 percent upper circuit during early morning session on Tuesday.
Dhatre Udyog Q2 2023 Results
The board of directors of Dhatre Udyog Ltd considered and approved its results from July to September 2023 in its meeting held on Monday. In Q2 2023 results, Dhatre Udyog Ltd reported over 165% year-on-year increase in revenue from operations at ₹38.92 crores against ₹14.66 crore operating income during second quarter of the previous financial year. TMT bars and secondary steel manufacturing company recorded 53.68 percent growth in EBIDTA during July to September 2023 quarter.
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Company’s EBIDTA during Q2FY24 stood at ₹2.94 crore, which stood at ₹1.91 crore during second quarter of the previous fiscal. Company’s PAT (profit after tax) stood at ₹1.92 crore, which is close to 60 percent higher than its Q2FY23 PAT of ₹1.20 crores.
Dhatre Udyog H-1FY24 numbers
The metals company also reported H-FY24 numbers while announcing its Q2FY24 results on Monday. During April to September 2023, the company’s revenue from operations grew over 300 percent to Rs 79.27 crore. The BSE listed company reported ₹19.75 crore revenue from operations during H-1FY23. In the first half of the current fiscal, this TMT bar maker company also reported close to 50 percent growth in its EBIDTA.
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EBIDTA of company during H-1FY24 stood at ₹5.85 crores which stood at ₹3.91 crore during H-1FY23. During the period from April to June 2023, metal company registered more than 56 percent growth in its PAT, Dhatre Udyog claimed in his exchange.
Dhatre Udyog share price history
In the last month, this circuit to circuit stock increased from around ₹165 to ₹134.95 per levels, registering about a 40 percent increase in this time. In the last six months, this metal stock has increased from around ₹85 to ₹234.95 per share levels, registering a 165 percent increase in this time. In YTD time, this multibagger stock has delivered close to 180 percent return to its positional investors. Likewise, in the last year, this metal stock has given 200 percent returns to its long-term investors.
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This multibagger stock is available for trading only on BSE. Its market cap is ₹256 crore but its current trading volume on BSE is only 2,944. so, this metal stock is low float and it can move both sides on a single trigger. Its 52-week high, which is its lifetime high as well, is ₹234.95 each, while its 52-week low is ₹73.90 per share.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
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Updated: 21 Nov 2023, 13:45 IST