Shares of This Sports Company Hit The Upper Circuit Today; Here’s Why

Shares of Toyam Sports Limited hit the upper circuit amid a rally in the stock market on February 20.

The stock opened at Rs 6.49 and surged around 5 per cent to touch the day's high of Rs 6.62. The stock has a 52-week high of Rs 19.45 and a 52-week low of Rs 4.65.

The share of Toyam Sports, which has a market cap of Rs 364.63 crore. The stock has been gaining for the last 4 days and has risen 13.66 per cent returns in the period.

Recently, Toyam Sports announced their Q3 FY24 results on 14 Feb, 2024. The topline increased by 909.17% & the profit increased by 1227.87% YoY. As compared to the previous quarter the revenue grew by 914.64% and the profit increased by 178.89%. The EPS is Rs. 0.08 for Q3 FY24 which increased by 1228.17% Y-o-Y.

Also, Toyam Sports Limited's 'Kumite 1 Warrior Hunt' sports web series has been selected for the Kenya International Sports Film Festival (KISFF). According to the company, Kumite 1 Warrior Hunt is India's first sports web series.

Toyam Industries Ltd was incorporated in 1985. The company operates in the commodity business, finance business, restaurant business & event business. The registered office of the company is in Mumbai.