Kavit Industries flying high ignoring market volatility
DSIJ Intelligence / 24 Nov 2016
Kavit Industries Limited is one stock that is ignoring the market pessimism & moods and is gaining ground steadily.
Kavit Industries Limited is one stock that is ignoring the market pessimism & moods and is gaining ground steadily.
The stock has been a multibagger by gaining more than 260 per cent in less than four months time.
Kavit Industries Ltd., manufactures industrial specialty oil, ink oil, residue oil, jal pentane mixture and lubricants.The company was incorporated in the year 1990 and is based in Vadodara.
With a market cap of not more than Rs 150 crore, the stock is trading at a P/E of whopping 427. Promoters hold 41.98 per cent in the stock. 51 per cent is with public and a mere 0.23 per cent is held by FIIs.
The 52-w high for the stock is 24.95 and the company has shown huge surge in the net sales and net profits in past one year. The net profits have surged by almost 400 per cent in one year’s time.
Currently trading at 24.90 per share, the stock is up by almost 2.81 per cent on an intraday basis on Thursday.
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