Valencia Nutrition stock soars 94% in 10 days; Sensex drops 43 points

The stock of Valencia Nutrition has had stellar returns for investors in the last 10 days. Valencia Nutrition shares, which closed at Rs 10.95 on September 5, 2022, hit a 52 week high of Rs 21.25 on September 19 and resulted in gains of 94.05 per cent during the period. Sensex lost 43 points, or 0.72 per cent, during the period. An investment of 1 lakh in the stock ten days ago would have grown to Rs 1.94 lakh today. The stock closed at 19.32 in the previous session. It was stuck in the upper circuit of 10 per cent through the session today.

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A total of 3,000 shares of the firm changed hands, amounting to a turnover of Rs 0.63 lakh on the BSE. The company's market cap has gone up to 11.87 crore on the BSE. Valencia Nutrition stock is trading higher than 5 day, 20 day and 50 day moving averages, but lower than 100 day and 200 day moving averages.

In Q 1 of the previous fiscal, 91 public shareholders held 36.12 per cent or 20.17 lakh shares in the firm. There were 12 promoters with 63.88 per cent stake or 35.67 lakh shares in the last quarter. 60 public shareholders held 2.56 lakh shares of the firm, a stake of 4.60 per cent with an individual share capital of up to 2 lakh. 16 public shareholders held 11.42 lakh shares of the firm, amounting to a stake of 20.45 per cent with an individual share capital of over 2 lakh.

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The firm hasn't yet to declare earnings for the quarter ended June 2022. It did not report earnings in the last fiscal. The firm reported a loss of Rs 1.88 crore in the year ago period, according to half yearly earnings for the period ended September 2021, but it decreased by 86.70 per cent to Rs 0.25 crore. The firm did not report sales during the period.

The performance of the stock is not satisfactory on the financial front. Before entering the counter, one should consider the financials carefully. The firm's financials don't support the stellar rally in the stock price.

The firm's prices have gone up recently, and the BSE has sought a clarification on the sudden spurt in prices.

The company is focused on research, developing and marketing multi-nutrient functional beverages to prevent and manage lifestyle-related diseases. The product includes Bounce Superdrinks' 'Bounce Superwater VitaMe. The company's segments include functional foods, functional beverages, dietary supplements and beverages. The Bounce Superdrinks' is a low-calorie functional beverage that comes in a range of flavors and is loaded with nutrition. Bounce provides a wide range of products such as Prep and Roar.