Bull of the Day: Smallcap that turned multibagger in 15 days

Smallcap firm Biopac India Corporation gained 9.99% or 1.63 to end at Rs 17.94. It touched an intraday high of Rs 17.94 and an intraday low of Rs 17.01. There were pending buy orders of 10,531 shares, with no sellers available. The total traded volumes were of 301,900 shares. The stock has gained 88.05% over the last 15 trading sessions.

The stock touched its 52-week high Rs 26.45 and 52-week low Rs 8.01 on 26 Apr, 2010 and 10 Feb, 2011, respectively. Currently, it is trading -32.17% below its 52-week high and 123.97% above its 52-week low. Its market capitalisation stands at Rs 30.95 crore. Its trailing 12-month (TTM) EPS was at Rs -0.08 per share. (Dec, 2010). The latest book value of the company is Rs 9.39 per share. Biopac India Corporation Limited is a pioneer in the manufacture of disposable dinnerware in India with market leadership position in the segment and is also the largest manufacturer of food grade polystyrene foam dinnerware and food service products in India. 
Over the years, Biopac has expanded its product segments beyond disposable dinnerware to include kitchen foil, foil containers and polystyrene foam boards. Biopac added "New Satin" product category for its export markets. "New Satin" offers co-extruded laminated products with superior finish at the same cost. The company's net profit however declined 51% to Rs 0.42 crore in the quarter ended December 2010 compared to Rs 0.85 crore during the same quarter last year. Sales also declined 15% to Rs 9.32 crore in the quarter ended December 2010 versus Rs 10.92 crore it did in December 2009. Peer comparison:

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