The stock of Bhatia Communications & Retail Ltd has surged by 65.8% from its 52-week low of Rs 13.10 per share, delivering impressive returns of 228% in the past 3 years.
Today, the shares of Bhatia Communications & Retail Ltd were locked in a 5% upper circuit, closing at Rs 21.72 per share, up from Rs 20.69 in the previous session. The stock’s 52-week high and low are Rs 38.90 and Rs 13.10 respectively. The recent increase in trading volume on BSE indicates a potential market-driven rally in the share price, as the company has not made any significant announcements.
Bhatia Communications & Retail (India) Ltd operates in the retail and wholesale distribution of mobile handsets, tablets, data cards, mobile accessories, home appliances, and other electronic products.
In terms of financial performance, the company reported a 14.02% increase in net sales to Rs 93.91 crore in Q4FY24 compared to the previous year. The net profit also saw a 4.2% growth to Rs 2.98 crore in the same period. The annual results showed a positive trend with net sales rising by 31.3% to Rs 413.79 crore and net profit increasing by 20.8% to Rs 11.52 crore in FY24.
Bhatia Communications & Retail Ltd has strong partnerships with leading companies like Apple, Samsung, Vivo, and others. The company operates 172 stores across India and has seen increased promoter and FII interest in recent months.
With a market cap of Rs 271.83 crore, PE ratio of 32x, ROE of 14.1%, and ROCE of 16.9%, the stock presents a promising opportunity for investors. The stock’s impressive performance and potential for growth make it a stock worth keeping an eye on.
Disclaimer: The article is for informational purposes only and not investment advice.