Only buyers from this company show a revised record date; turned Rs 1 lakh into Rs 6 lakh on a YTD basis!
















Comparing the net profit for the first quarter of FY23 with the same quarter of last year, it increased significantly by 170% from Rs 0.30 crore to Rs 0.81 crore.





On Friday, on an intraday basis, shares of Atam Valves climbed to 285.40 rupees per share on BSE after being stuck in the upper 5% circuit in an otherwise weak market.


In order to determine the eligibility of shareholders entitled to the 1:1 issuance of fully paid free shares, the company has revised the record date from October 12, 2022 to October 24, 2022.


The sharp price-to-volume breakout in Atam Valves shares has attracted investors. An initial investment of Rs 1 lakh in the company at the start of the year is now worth more than Rs 6 lakh, with its shares having soared over 500% during this time!


Considering the financial performance of the business, it recorded a growth of 68.71% from the Rs 4.41 crore recorded in the first quarter of FY22, registering a total revenue of Rs 7.44 in the first quarter of FY23 crores. Comparing the net profit of the first quarter of FY23 with the same quarter of last year, it increased significantly by 170% from Rs 0.30 crore at Rs 0.81 crore.


One of the main producers of plumbing as well as industrial valves, Atam Valves is renowned for the quality of its products and its innovation. Amco Industries, the parent company, was established in 1972 by Vimal Jain. The company began to diversify in 1982 under the “Atam” brand.


Atam Valves manufactures and sells a wide range of valves, valves, boiler fittings, pipe fittings, sanitary fittings, steel and iron fabrication and by-products.


Keep an eye on this script for future sessions!