ABC Gas (International) remained lucrative for customers amid a decline in the overall sector. This was due to its better performance. The stock of ABC Gas (International) has gained nearly 550 per cent in a span of more than six months. During the last seven trading sessions, the stock has seen continuous upper circuits. ABC Gas (International) shares rose to Rs 81.9 on BSE in intra-day on Tuesday. It had an upper circuit of 5 per cent.
The largest ISO-certified gas reticulation company in India, ABC Gas (International) Limited was established in 1980. It was established as a manufacturer and trader of non-ferrous metals like brass rods, tubes and copper pipes. Copper and solder fittings are imported by the company. Copper pipes, pressure regulators, meters and accessories are additional products that the company both manufactures and imports.
The company’s revenue and net profit stood at Rs 1.54 crore and Rs 0.25 crore respectively in FY22. Talking about the shareholding pattern, the promoters hold 33.09% stake in the company. While the rest 66.91% is with non-institutional investors.
The company comes under BSE Group ‘XT. Its market capitalization is Rs 16.22 crore. The stock is trading at a PE multiplier of 45.69x. The 52-week high and low of the stock are Rs 153.5 and Rs 10.66 respectively. Keep a close watch on this stock in the coming session.
This article is powered by Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here for regular updates on Winning Stocks and Recommendations. Stock Market Tips: Upper circuit engaged in these stocks priced below Rs 10, hope to continue rising, can play bets (Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified .)
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