Cap this small cap stock for minting some money

DSIJ Intelligence / 17 Aug 2016

Cap this small cap stock for minting some money

Bhageria Industries is one small cap stock buzzing on the bourses. The stock has touched its 52 week high on Wednesday at Rs 322.95 per share on an intraday basis at 10.10 am. The stock is up by almost 19.56 per cent.

Bhageria Industries is one small cap stock buzzing on the bourses. The stock has touched its 52 week high on Wednesday at Rs 322.95 per share on an intraday basis at 10.10 am. The stock is up by almost 19.56 per cent. 

Bhageria Industries Limited, established in 1989, manufactures and exports dyes and intermediates. Besides being involved in sourcing various bulk chemicals, the Company sources and exports Pharmaceutical products (APIs and FFs). 

The stock has generated 114 per cent over a 1 year period and is up by almost 45 per cent in one month's time. 

Bhageria Industries in its AGM on August 13 has approved splitting equity shares of Rs 10 each into 2 equity shares of Rs 5 each. The results for Q1FY17 for the Company are good where the net profits have been declared at Rs 9.07 crore, up almost 47 per cent compared to the corresponding quarter of the previous year.

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