Truth Speaker Mitra (@SubhajitMitra) 205 Followers 07 Oct

Stock Market 768 3

Hidden gold mine Amber Protein — 535% growth in this August and 6000% jump in one year

The low-profile Ambar protein advanced the bearish market.If you invested ₹1lakh in one year ago, then it is now ₹60 lakh as the share zoomed up by 6000%. If you invest the same in August 2022, it is now 5.35 Lakh.

Its price was ₹ 13 In September 2021 and ₹801 In September 2022. Even last month(August), it was ₹126. The share hit an all-time high of ₹843 on September 28.

There are 5.75 million outstanding shares in Ambar Protein, which represents a low equity base. According to information on ownership patterns, the promoters own roughly 75% of the company, followed by individual shareholders with a stake of 24.4% and others with a stake of 0.61%.

 Company reported 74% YoY to $1.34 billion in Q1FY23 from $0.77 billion in Q1FY22.

On September 16, 2021, Amber stock had previously fallen to a 52-week low of ₹12.50. At its closing price today, Ambar Protein was trading above its moving averages for the previous five, twenty, fifty, one hundred, and two hundred days. The company reported a PBT of ₹1.63 million in the first quarter of FY23 as opposed to ₹0.88 million in Q1FY22.

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