Chemical Stock Hits 20% Upper Circuit After Reporting 780% QoQ Increase in Net Profit
India, July 17 -- The shares of the Micro-cap company, which specializes in the manufacturing and marketing of bulk chemicals and their derivatives, are in focus as they have rallied 20 percent in the day's trade following its Q1 results.
With a market capitalization of Rs. 929.86 crores in the day's trade, the shares of Amal Ltd hit a 20 percent upper circuit, making a high of Rs. 752.15 per share compared to its previous closing price of Rs. 626.80 per share.
What happened
Amal Ltd, engaged in the manufacturing and marketing of bulk chemicals and their derivatives are in focus following their Q1 results as follows. Its Revenue from Operations increased by 104.1 percent YoY from Rs. 47.30 Crores in Q1FY26 to Rs. 96.53 Crores in Q1FY27,...
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