Continental Chemicals

Stock Info: Continental Chemicals

On June 24, this year, a Rs 1 lakh investment in the stock would have grown to Rs 15.98 lakh today.

In just three months, Continental Chemicals shares has returned approximately 1,500 percent to its stockholders. The stock has risen from Rs 21.49 on June 24, 2021 to Rs 343.5 today, representing a return of 1,497.25 percent in the last three months.

 

The Sensex, on the other hand, has increased by 13.94 percent over the same time period. On June 24, an investment of Rs 1 lakh in the Continental Chemicals stock would have grown to Rs 15.98 lakh today. Continental Chemicals' stock hit an all-time high of Rs 343.25, up 5% from its previous closing on the BSE.

 

Throughout the session, the stock remained locked in the top 5% range. In the last 21 days, the stock has climbed 177.94 percent. The stock began at Rs 343.25 on the BSE, up 4.99 percent from its previous finish of Rs 326.95.

 

Continental Chemicals' share price is greater than the moving averages of 5 days, 20 days, 50 days, 100 days, and 200 days. Since the beginning of the year, the stock has grown 1,706.58 percent, with a month-to-month increase of 192 percent. The company's market capitalization increased to Rs 77.20 crore. On March 9, 2021, the stock hit a 52-week low of Rs 12.50.

 

On the BSE today, the stock was sparsely traded. On the BSE, 409 shares of the company changed hands, resulting in a turnover of Rs 1.40 lakh. Before adding a stock to a portfolio, one should evaluate the stock's low volume on the BSE in the past. The stock is not traded on the NSE.

 

Two promoters controlled 61.57 percent of the company, or 13.84 lakh shares, in the quarter ended June 2021, while 6,816 public stockholders owned 38.43 percent, or 8.64 lakh shares.

At the conclusion of the June quarter, 6,792 public shareholders had individual share capital of up to Rs 2 lakh and possessed 8.4 lakh shares, or 37.78 percent of the company.

In the previous quarter, no shareholder possessed individual shares worth more than Rs 2 lakh.

At the end of the June quarter, the firm had no foreign portfolio investors or mutual funds.

The Noida-based company claimed a 200 percent increase in net profit in the first quarter, to Rs 0.03 crore. The June 2020 quarter's net profit was Rs 0.01 crore. On a standalone basis, sales increased by 140 percent to Rs 0.12 crore in the first quarter of this fiscal year, compared to Rs 0.05 crore in the previous fiscal year.

The net profit for the fiscal year ended March 2021 increased to Rs 0.14 crore from Rs 0.08 crore in the previous fiscal year. Sales declined 38.71 percent to Rs 0.19 crore in the fiscal year ended March 2021, compared to Rs 0.31 crore in the previous fiscal year.

 

Before purchasing, keep in mind that BSE has placed Continental Chemicals' stock under GSM: stage 1 of the Graded Surveillance Mechanism.

BSE has classified the stock as a trade-to-trade under the Graded Surveillance Mechanism, which allows for a maximum price change of 5%.

GSM-listed stocks have experienced a price increase that is out of step with their financial health and fundamentals. Long-term, investors will be safeguarded from large declines in such stocks.

 

Continental Chemicals makes soaps, detergents, and toiletries by hand. The company's manufacturing facility is in Noida, Uttar Pradesh. 

 

Source: www.businesstoday.in