For equities investors, the year 2022 has been turbulent as a result of broad central bank tightening and global inflation, which has made stocks less profitable.
This year, shares of Hemang Resources Ltd., formerly Bhatia Industries & Infrastructure Ltd., have increased more than 20 times.
The share price is currently Rs 70, starting in 2022 at Rs 3. The business specializes in infrastructure and coal trade.
The business sells both imported and domestic coal. Additionally, it engages in land trading and offers logistics & stevedoring services.
Revenue for the six-month period that ended in September 2022 was Rs 155.53 crore, while the net profit for the same period was Rs 19.52 crore.
However, it should be noted that the company reported a net loss of Rs 5 lakh and had no sales during the comparable April to September period of FY22
During the months of April through October of this year, the power sector imported 38.84 million tonnes of coal, the Parliament was informed on December 7.
Analysts predict that the price of imported coal in India will increase by 35% in the fiscal year 2022–2023 compared to the previous year.
Hemang Resources was first founded in 1993 as BCC Housing Finance and Leasing Company Limited, a non-banking financial institution.