multibagger stock return, Multibagger Stock: Shares of this smallcap company delivered 165% returns to investors – this smalllcap power generation company delivered mind blowing returns
Two years ago, an investment of Rs 1 lakh in the shares of this company has now turned into Rs 2.65 lakh. On a consolidated basis in the third quarter of last fiscal, the company’s net revenue grew by 62.91% YoY to Rs. 45.35 crores from Rs. 73.88 crore has been made. The bottom line grew by 11,254% to 24.98 crores in the third quarter of FY2022-23.
In the previous financial year the company achieved ROCE and ROE of 26.4% and 33.6% respectively. The share is currently trading at a TTM PE of 38.8 times its PE of 19.5 times against the peer industry. The company is engaged in the business of power generation through renewable energy sources. It also provides solar PV including solar pump, solar park, captive consumption, floating solar and rooftop solar as well as consulting services.
The company stock was trading at a high and low of Rs 929.35 and Rs 900 respectively on Tuesday. The stock’s 52-week high and low in the Mumbai stock market were Rs. 968.95 and Rs. 280 is
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