Highlights
- The stock market also sometimes makes strange moves
- This has given a historic loss to the investors of Paytm and has made the investors of some companies a case.
- The shares of some anonymous company have climbed more than 12,000 percent in a year.
The stock market also sometimes makes strange moves. It has given historical losses to the investors of Paytm and has made the investors of some companies profitable. The shares of some anonymous company have climbed more than 12,000 percent in a year. However, there is risk in the shares of such companies. One such company is Flomic Global Logistics. Its stock has given gains of more than 12,000 per cent in one year.
unknown company to investors
Flomik Global is basically a logistics company. This is an unknown company for common investors. The share price of this company has increased by more than 43,000 percent in the last two and a half years. On 28 March 2019, the price of this share was only 35 paise. At this time its price has gone beyond Rs 190. On Tuesday, the stock closed at Rs 191.80 with 5% upper circuit.
what was the price last year
The price of Flomik Global on November 18 last year was Rs 1.28. On this basis, it has given a profit of more than 12,000 per cent in a year. Whereas on 28 October 2021, its price was at a one-year high of Rs 216. However, it has just rolled over from this peak level. On Tuesday, it was at Rs 191.80. Its market cap at this price is only Rs 138.10 crore.
Lower price Rs 1.22
If we look at the one-year low price of this stock, in 2020, it was at Rs 1.22 on 13 November. However, from October 2021 till now, there has been some decline in its price. If we look at the revenue of the company, it was Rs 165 crore in the financial year 2020-21, which was Rs 55.61 crore in the June quarter. However, it had a loss of Rs 92 lakh in the June quarter. But in 2020-21, it had made a profit of Rs 2.47 crore.
Promoters’ stake 27.49 percent
The promoters hold 27.49% in this company while the public holds 72.51%. It has a total of 536 public share holders, who have 52.20 lakh shares in this company. Out of this, 488 shareholders hold only 2.03% of the shares. Only 38 shareholders hold 49.54% of the shares. Foreign investors do not have any shares in this company.
what does this company do
Flomik is in the Global Logistics business. The company provides services such as Warehousing, Distribution, Custom Broking, Cargo and Multimodal Transportation. On the financial front, the company had a profit of only Rs 70 lakh in the September quarter. The company had made a profit of Rs 85 lakh in the same quarter last year.
Why is this jaggery being sold for Rs 51 thousand a kg in the ongoing trade fair in Delhi?
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