1 of The Best Performing Stocks, Gained 45% In Last 5 Days, Company Re-classifies Management: Buy?

Himadri Speciality Chemical Ltd. is a small-cap company that has a market capitalization of 3,824 crore. As a small-cap company, it has huge potential to grow in the short term. Here, its short-term and long-term performances have been discussed for investment. Today, on July 11, the company reached its 52-week high level.

According to the company's report to the stock exchanges, the promoters of the company have entered into a Family Settlement Agreement under which the BLC Family, and they are going to cease to hold any management rights. After this announcement, the chemical company's stock price has surged aggressively in the last week. However, it has also given consistently good returns in the past years.

Stock to Buy: Himadri Speciality Chemical Ltd. - NSE performance

The current market price of Himadri Speciality Chemical Ltd. stood at Rs. 90.05/share on NSE, gaining by 9.09%, till last traded. In the last 5 days, the share price of this company has gained by 45.25% on NSE, and in the last 1 month, its share price has gained by 39.50%. In the past 6 months, its stock price has surged by 74.85%. Additionally, in the last 1 year its stock price surged by 61.67%, and in the last 5 years, it has risen by 20.79%.

The 52-week high level of this stock is Rs. 93.20, and the 52-week low level of this stock is Rs. 41.55.

Market capitalization	Current market price	5 days performance	1 Month performance
Rs. 3,824 crore	Rs. 90.05	45.25%	39.50%

Company information

According to a Dalal Street Report, "Over the weekend, a special announcement regarding the company's entry into the family settlement agreement has been made, which is likely to propel the stock prices higher. BLC Family, comprising Bankey Lal Choudhary, Vijay Kumar Choudhary & Tushar Choudhary, ceases to hold any right in the management and/or control of the company and has also submitted a request/application under Regulation 31A of SEBI Listing Regulations to re-classify themselves from promoter & promoter group to public category. Pursuant to the realignment, the SSC Family, led by Anurag Choudhary as its Managing Director & CEO, will continue to manage and control the company."

According to data available with NSE, in Q3 FY22, the company's Total Income stood at Rs. 77,627.00 lakh, as against Rs. 64,779.00 lakh in the previous quarter. The company's Profit before tax (PBT) was reported at Rs. 1,941.00 lakh in Q2 FY22, as against Rs. 1,463.00 lakh in Q2 FY22. Additionally, its Net Profit stood at Rs. 1,642.00 lakh, as against Rs. 1,169.00 lakh in the earlier quarter.

Disclaimer

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