Back-to-back upper circuit in this stock after company reports 3676% profit growth

Shares of a micro-cap company hit an upper circuit for the second consecutive day today. The action in the stock comes as the company has reported strong numbers for the January-March quarter of the financial year 2024-25. Before announcing the results, the company had issued a rights offering in February 2025, successfully raising Rs 47.4 crore. According to the integrated filing, 100 per cent of these funds were utilised toward working capital and general corporate purposes.

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