Largecap Organic Company's Net Sales Up 109.11% YoY, Stock Soars 15% Intraday: Buy?

The share price of Fine Organic Industries Limited has surged by around 15% intra day, on August 10, after the publication of its Q1 financial results. In Q1FY23, the company's net sales reported at Rs. 752.58 crore gaining by 109.11% YoY, from Rs. 359.90 crore in Q1FY22, while quarterly net profit stood at Rs. 157.28 crore in Q1FY23, increasing by 350.16% YoY from Rs. 34.94 crore in Q1FY22. Additionally, Fine Organic reported its EBITDA to be at Rs. 222.12 crore in Q1FY23, gaining by 297.49% YoY from Rs. 55.88 crore in Q1FY22.

Fine Organic: NSE performance

The current market price of Fine Organic Industries Limited stood at Rs. 6,690.50/share on NSE, gaining by 14.82%, till last traded. In the last 5 days, the share price of this company has surged by 16.83% on NSE, and in the last 1 month, its share price has surged by 25.74%. In the past 6 months it has surged 68.38%, and this stock has given a sharp return of 123.47%, in the last 1 year. With consistent good returns on NSE, the largecap organic company is being a lucrative investment option for investors.

The 52-week high level of this stock is Rs. 6,844.95, and the 52-week low level of this stock is Rs. 2,734.55.

Market capitalization	Current market price	5 Days performance	1 Month performance
Rs. 20,532 crore	Rs. 6,690.50	16.83%	25.74%

About the company

Founded in 1970, Fine Organics is a leading producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications. Fine Organics enjoys a privileged position in the specialty additives industry globally. The company owes its growth and success to its expertise on oleo-chemistry, in-house manufacturing technology.

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