260 per cent returns in just 3 years; shares of this multibagger NBFC surge by 20 per cent reaching its upper circuit limit!
The company has delivered returns of 36 per cent over the past 1 year and exceptional returns of 267 per cent in the past 3 years.
Starteck Finance Ltd, an RBI-registered Non-Deposit taking, Non-systemically important (ND-NSI) NBFC, has outlined its primary focus on retail lending in two crucial sectors: housing finance and loans to small corporates/MSMEs. It caters to the financing requirements of numerous corporates operating in urban and semi-urban regions of India. With a diverse lending portfolio encompassing Retail, SMEs, and Commercial customers, the company aims to meet the varied financial needs of its clientele.
Starteck Finance recently reported their Q4FY23 results in which sales of the company grew by 40 per cent to Rs 7 crore while operating profit grew by 25 per cent to Rs 5 crore. Similarly, net profit of the company grew by 650 per cent to Rs 15 crore as compared to Q4FY22. Furthermore, the company has been able to grow its profit by 21 per cent (CAGR) for the past 5 years.
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The company has delivered returns of 36 per cent over the past 1 year and exceptional returns of 267 per cent in the past 3 years.
On Monday, shares of the company surged by 19.59 per cent and reached its upper circuit of Rs 172.70. Additionally, the scrip had a spurt in volume by more than 1.4 times.
Investors should keep a close eye on this trending stock.