Small Cap Diversified Sector Stock Hits Back To Back Upper Circuit

Small cap stock, EKI Energy Services Ltd hit back to back upper circuit for the last few days. The stock also hit 10% upper circuit in trade today. Current market price of the stock is Rs 757.00 apiece with intraday gain of 10.00%.

The company also issued a press communication pertaining to India's initiative to the greener planet. Earlier, the Union Environment Ministry on Friday, publish a list of activities that includes Greenhouse Gas (GHG) mitigation activities, alternate materials, and removal activities, that may be taken into account for trading of carbon credits on a global market, in accordance with Article 6.2 of the Paris Agreement.

1. Stock Performance

EKI Energy shares have been hitting back to back upper circuit since February 17. The stock's 52-week high is Rs 2964.00 apiece and 52-week low is Rs 511.95 apiece, respectively. The company has a market capitalisation of Rs 2082.59 crore.

2. Return & Financial Outlook

The stock gave a return of 8% in last 1-week, declined 40% in last 1-month, and 63% in last 1-year.

Earlier, the company declared a net profit of Rs 45.20 crore for the quarter ended December 31, 2022 for Q3 FY 2023.

Meanwhile, it announced a consolidated net profit of Rs 106.13 crore in the previous quarter that ended September 30, 2022 for Q2, FY 2023. The total income declared at Rs 421.12 crore in Q3 as against Rs 461.15 crore in Q2.

3. About EKI Energy Services

EKI Energy Services Limited offers climate change, carbon credit, and sustainability solutions. It provides carbon credit, asset management, carbon footprint management, sustainability audits, and training for quality control and management, among others.

EKI Energy Services provides its services all across
the globe.

Disclaimer

The stock gives details about upper circuits. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.