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Small Cap Company Stock To Watch Out After Dolly Khanna Ups Stake

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As per bulk deals data on the BSE, ace investor Dolly Khanna seems bullish on the scrip of Simran Farms and has bought stake in the firm twice in the last 1-week. Khanna today bought 19642 shares at a price of Rs. 167.96 per share. While the scrip in today's trade (November 29, 2021) settled at a price of Rs. 173.45 per share, hitting 5 percent upper circuit on the BSE. The scrip is not traded on the NSE.

 
Small Cap Company Stock To Watch Out After Dolly Khanna Ups Stake

On November 24, 2021 also, Khanna bought 22,344 shares in the scrip at a price of Rs. 135.19 apiece.

The competitive strength as highlighted are the company's increasing net cash flow and cash from operating activity. In a 1-year period the scrip has generated return of 160%, while on a year to date basis, the stock's return are at 150%.

The small cap company, founded in the year 1984, turned into a public limited company in the year 1993. Indore, MP based company is committed to providing nutritional poultry products.

In the recently concluded September quarter of Fy 22, the company's income from operations surged QoQ to Rs. 112.44 crore, while net profit declined to Rs. 3.07 crore as against Rs. 5.69 crore in the June ended quarter.

Some of the company's listed peers include Venkys, Uniroyal Marine and Ovobel Foods among others.

GoodReturns.in

Story first published: Monday, November 29, 2021, 23:35 [IST]
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