Circuit to circuit stock hits upper circuit on third day in one week. Rallies 325% in one year

Stock market today: OK Play India’s share price is increasing after the Q2 2023 results were announced on Thursday last week. The plastic molded toy maker stock is one of the multibagger stocks that Dalal Street has delivered in YTD time. After announcing its Q2 2023 results, this circuit to the stock circuit hit the upper circuit the following session on Friday.

In fact, the multibagger stock hit upper circuit during the Muhurat trading session on Sunday as well. OK Play India shares today again locked-in 10 percent upper circuit when it touched intraday high 129.60 apiece after gap up opening during morning deals. Hence, this multibagger stock has hit the upper circuit three times after announcing the second quarter results for FY24.

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OK Play India share price history

In the last one week, this circuit to circuit stock has increased by 22 percent. In the past six months, it has returned over 30 percent to its site investors.

This polybag stock has increased by 165 percent in YTD time but in the last one year, this polybag plastic stock has increased by 325 percent.

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Results Q2 2023 OK Play India

As mentioned above, the small cap multi-bag stock declared its results for the second quarter for the financial year 2023-24 on 9 November 2023 ie Thursday last week. In its results for the second quarter in the current fiscal, the plastic molded toy maker company has reported 40.31 crore revenue, which is 0.55 percent higher against its Q2FY23. The Company’s EBITDA witnessed a strong growth of 17.38 percent YoY, to 8.03 crores in the July to September 2023 quarter. The plastic molded toy maker company reported a 2.83 percent rise in EBIDTA margin to 19.86 percent during Q2FY24 against an EBIDTA margin of 17.03 percent in Q2FY23.

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The company reported a positive PAT in Q2FY24, at 42 lakhs. The PAT Margin in this period was 1.03 percent.

Announcing its second quarter results for the current fiscal, OK Play India Ltd also confirmed its H-1FY24 numbers. The company’s revenue was in the period April to September 2023 83.56 crore, which is 2.90 percent higher against H-1FY23 revenue of 81.20 crore. The Company’s EBIDTA during H-1FY24 stood at 14.85 crore, logging over 34 percent rise in H-1FY23 EBIDTA of 11.08 crore.

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Updated: 16 November 2023, 03:08 PM IST

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