New Delhi: The stock market is once again witnessing a boom on Friday. Nifty saw a rise of more than 200 points, while the Sensex gained 700 points. Earlier on Thursday, the stock market closed with a huge decline. Amid the fluctuations in the market, the shares of a micro-cap company Nyssa Corporation are continuously registering a rise. Its shares also hit an upper circuit of 5 percent on Friday. On Friday, the shares of Nyssa Corporation opened at the level of Rs 8.49, while after some time it hit an upper circuit of 5 percent and got blocked at the level of Rs 8.55. The shares of Nyssa Corporation Ltd are quite famous among investors and often see a rise in it.
 

33 percent jump in five days

Despite heavy volatility in the stock market this week, this stock has gained 33 percent so far. On November 25, 2024, it was trading at the level of Rs 6.39, while today it has been blocked at the level of Rs 8.55. However, a decline of more than 25 percent has also been registered in a period of one month. At the same time, the shares have gained 37 percent in 6 months, while there has been a jump of 68 percent in one year. Shares of Nissa Corporation had made their all-time high at the level of Rs 18.30, while its all-time low is at the level of Rs 4.90. Talking about its market cap, it is Rs 23.25 crore. The profit-to-earnings (P/E) ratio of this stock is 10.08.
 

Financial results were excellent in the September quarter

Let us tell you that the company has registered a growth of about 70 percent in net sales for the second quarter of the current financial year, which has been recorded at Rs 1.40 crore, while it was Rs 0.83 crore in the same quarter last year. At the same time, the net profit of the company for the reported quarter has increased by 345.22 percent to Rs 1.02 crore, while it was Rs 0.23 crore in the September 2023 quarter. The company's EBITDA for the quarter ended September 30 stood at Rs 1.37 crore, which shows a growth of 722.73 percent from Rs 0.22 crore recorded in the same quarter last year.