Fine Organic has rallied 775% from the issue price; analysts say ‘hold’ the stock
Updated: 12 Oct 2022, 01:17 PM IST
TL;DR.For the past seven quarters, beginning in December 2020, Fine Organic's net profit has consistently grown. The company reported a net profit of Rs. 159.8 crore in Q1FY23, which was a record-high. EBITDA grew almost four-fold to ₹214.6 crore in Q1FY23.
Indian companies are witnessing interest from strategic investors led by Japan, Korea, and Thailand, as they seek to diversify their supply chains from China.