Stock of this soft ferrites company has zoomed over 3500% in FY22

Cosmo Ferrites hit a new high of Rs 635, up 4% on the BSE on Thursday's. The stock has zoomed 3,529% in FY22 from a level of Rs 17.50 on March 31, 2021.

Shares of Cosmo Ferrites hit a new high of Rs 635, on gaining 4 per cent on the BSE in Thursday’s intra-day trade. The stock has zoomed over 3,500 per cent during financial year 2021-22 (FY22) on the back of robust earnings and strong outlook.

The company is a leading manufacturer and exporter of soft ferrites and an emerging player in wire wound magnetic components. In FY22, the market price of Cosmo Ferrites zoomed 3,529 per cent from a level of Rs 17.50 on March 31, 2021. In comparison, the S&P BSE Sensex rose 19 per cent during the