InvestorQ : What is the story of Ambar Protein and why has it rallied from Rs45 to Rs700 in 3 months?
Aashna Tripathi made post

What is the story of Ambar Protein and why has it rallied from Rs45 to Rs700 in 3 months?

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Aditi Sharma answered.
2 months ago
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A rather non-descript company on the BSE viz. Ambar Protein Industries has become a star performer on the stock market, gaining close to 1,500% as it rallied from Rs45 to Rs730 in a span of just about 3 months. On 23rds June, the stock was trading at Rs45 per share. Today it is at Rs730, after 58 consecutive sessions of upper circuits. During the same period, the Sensex is up just about 12%. Ambar Protein deals in refining cotton seed oil and trading, apart from Sunflower Refined Maize Oil and Soybean Oil.

The float is limited for the stock with nearly 74.97% of the stock with promoters and the balance with the public. Also, its equity base is quite small. In FY22, Ambar Proteins refined 21,240 MT of cotton seed oil in its refinery. It is betting on the growing middle class India to catalyse its demand growth. it is likely to gain from elevated MSP for cotton
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