Multibagger Stock: This stock gave a strong return of more than 250 percent in two years, bet to earn profits – reliance infrastructure’s stock gave more than 250 percent return to investors

Mumbai: The stock market has been witnessing a decline for some time now. However, amidst the volatility in the market, many stocks have given good returns to the investors. One such stock is that of Reliance Infrastructure. Reliance Infrastructure EPC is engaged in construction of power plants, generation and distribution of electricity. Reliance Infrastructure is currently working on several gas, coal, wind and hydro-based power generation projects in Maharashtra, Uttar Pradesh, Arunachal Pradesh and Uttaranchal.

Reliance Infrastructure shares rose from Rs.32.55 on February 4, 2021 to Rs.121.30 on February 03, 2023. This is a growth of over 272% over the last two year holding period. The company is a part of the S&P BSE SmallCap Index. The stock has given multibagger returns during last two years, while S&P BSE Small-Cap Index has given nearly 50% returns in last two years.

The company’s net revenue declined 2.72% YoY to Rs 4085 crore in Q3FY23. The respective margin of the company has remained the same on a year-on-year basis. The company has achieved ROE and ROCE of -6.69% and 5.75% in FY22. The company’s shares opened at Rs 126.45 in the stock market today. The stock’s 52-week high and low levels are Rs 201.35 and Rs 81.10 respectively on BSE.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in any manner whatsoever. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified.)