Stock To Watch: This Smallcap Stock Ticked Above 11% Intraday Gain, What's Next?

Indian equity markets are on the verge of gaining now, Nifty 50 surged 1.10% in the intra day trading today, on July 20. The below-mentioned small cap stock has ticked a significant high intra day gain of 11.86% today. This company's stock price is being quoted near its 52-week high level.

Paradeep Phosphates Ltd. - Performance on NSE

The current market price of Paradeep Phosphates Ltd. stood at Rs. 46.70 /share on NSE, surging by 9.99%, till last traded. Its share price is relatively low, which makes the stock affordable for investors. In the last 5 days, the share price of this company has gained by 11.59% on NSE, and in the last 1 month, its share price has surged by 19.13%. Additionally, in the past 6 months, it has ticked a 6.38% gain.

It is a small cap stock with a market capitalization of Rs. 3,799 crore. Its 52-week high level is Rs. 48.70, and 52-week low level is Rs. 37.45. According to data available with BSE, in Q4 FY22, the company's revenue stood at Rs. 1,898.75 crore, and its Net Profit stood at Rs. 35.66 crore.

The company is one of India's largest private sector phosphatic players, producing a wide range of phosphatic grades. Their Goa Plant also produces Urea. Paradeep Phosphates is also a major supplier of various industrial products like Gypsum, Zypmite, HFSA (Hydrofluorosilicic Acid), Sulphuric Acid & Ammonia. So, the company is highly related to the performance of the agriculture sector. Investors can watch this stock for a short-term investment as it has performed well in the recent period, however, risks should be considered.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.