200 per cent returns: This multibagger small-cap company receives order from Indian Railways; scrip hits back-to-back 52-week highs!
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 101 per share.
On Friday, shares of Responsive Industries Ltd surged 1.11 per cent to Rs 301.35 per share from its previous closing of Rs 298.05. The stock also traded at a new 52-week high of Rs 307.10 per share with a spurt in volume by more than 2 times on BSE. In the recent trading sessions, the stock is hitting back-to-back 52-week highs.
Responsive Industries Limited (RIL) informed that building upon its recent triumph with the Vande Bharat project, Responsive Industries Limited is pleased to announce yet another landmark achievement: a distinguished contract with Indian Railways for the iconic Garib Rath initiative.
This harmonious convergence with two of the nation’s most prestigious rail projects underscores the company’s unparalleled expertise and commitment to quality. Each association, be it Vande Bharat or Garib Rath, resonates with the company’s vision of marrying innovation with the broader ambitions of India’s Rail connectivity.
About Responsive Industries Limited: As a beacon of innovation and excellence, Responsive Industries Limited consistently crafts pathways that set new industry benchmarks. The Company’s involvement with both the Vande Bharat and Garib Rath projects cements their influential role in the evolution of India’s Railway infrastructure. The company was incorporated in 1982 and also is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products.
According to the financials, RIL has a market cap of over Rs 8,000 crore with a 3-year stock price CAGR of 45 per cent. In its Quarterly Results, the net sales increased by 15.85 per cent to Rs 263 crore and net profit skyrocketed by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The company reported positive numbers in its annual results (FY23) and has been maintaining a healthy dividend payout of 1,256 per cent
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 101 per share. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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