Yuvraaj Hygiene Products has gained attention in the penny stock category, especially since the start of 2024.
Known for delivering exceptional returns to long-term investors, the stock continues to stay in the spotlight.
This year, it has maintained a consistent performance, hitting the upper circuit in all seven trading sessions so far, showing a 25% growth during this period.
On Thursday, it reached an intraday high of ₹5.70, registering a 2% upper circuit.
Impressive Returns Over Time
Yuvraaj Hygiene Products has shown remarkable growth since December 2020, when it traded at just 72 paise per share.
At its current price, the stock has delivered a whopping 700% return. Its short-term performance is equally impressive:
285% growth in the last year.
207% rise from its 52-week low of ₹1.40 on January 1, 2024.
206% growth in the last six months.
166% increase in just one month.
On December 9, 2024, the stock was priced at ₹2.14, showcasing its rapid upward trajectory.
Strong Q2 FY24 Financial Performance
The company has demonstrated solid financial growth in the second quarter of FY24. Its key results include:
Net profit of ₹1.38 crore, a significant recovery from a net loss of ₹0.10 crore in Q2 FY23.
Total income surged to ₹11.04 crore, up from ₹4.98 crore in the same period last year.
About the Company and Product Range
Yuvraaj Hygiene Products is a leading manufacturer and supplier of cleaning products in India.
Operating under the “HIC” brand, the company provides a diverse range of cleaning items catering to both domestic and commercial needs. Its product portfolio includes:
1) Scrub pads for personal hygiene
2) Toilet brushes and cleaning brushes
3) Floor wipers and body scrubbers
4) Cotton and PVA mops
5) Scrubbers and plungers
With strong financial results and a broad product offering, Yuvraaj Hygiene Products continues to attract significant interest in the stock market.
