Apcotex rallies 31% in 4 days post Q4 results; stock zooms 80% in a month

Better procurement of raw materials and implementation of cost-saving projects over the last few months and the year assisted in bolstering the margins of the company in Q4FY21

Shares of Apcotex rallied 9 per cent to hit a new high of Rs 314 on the BSE in intra-day trade on Tuesday, up 31 per cent in the past four trading days after the firm reported a strong set of numbers for the quarter ended March 2021 (Q4FY21). In the past one month, the stock has zoomed 80 per cent as compared to a 1 per cent decline in the S&P BSE Sensex.

The company achieved its highest ever quarterly revenues, EBITDA, and profit after tax numbers during the quarter, with exports also logging the best-ever numbers. There was strong