The Indian market is showing huge volatility, especially in the ending two weeks of September. The markets have taken a sharp dip to the downside. In the middle of all this volatility, many stocks were performing well and giving huge upside momentum; however, Salasar Exteriors And Contour Ltd have left behind all the other multibagger stocks that were giving robust returns.
The stock gave an overall whopping 184.01% in September, and in almost all the trading sessions, the stock has surged rapidly. In one month, almost 17 trading sessions, the stock closed on the upper circuit, and in the remaining trading sessions, it was close to hitting the upper circuits. The stock price hasn't given a single negative closing the previous month.
Salasar Exteriors & Contour Ltd is a small-cap company in the Construction sector. The company is involved in providing mechanical, electrical, and plumbing (MEP) and finishing works that cater to civil and interior work, furniture work, super steel and structural work, and fire fighting work for residential, hotels, commercial, hospitals, guest houses, and the IT Sector.
The stock's market capitalization is Rs. 442 Crores, with the current market price of Rs. 430. As the stock is surging rapidly, it is getting more overvalued. The price-to-earnings ratio of the stock is 157. Currently, the stock is trading in a huge upside momentum and is going upwards with good volume without showing any signs of correction.