2,850 per cent returns & 52-week high alert: Heavy buying witnessed in this multibagger small-cap stock as it reports a 244 per cent jump in net profit!

The stock gave multibagger returns of 200 per cent returns in just 1 year, 1,345 per cent in 2 years and a whopping 2,850 per cent in 1 decade.

On Monday, one of the Top Gainers on BSE, shares of HBL Power Systems Ltd zoomed 14.66 per cent to make a new 52-week high of Rs 330 per share from its previous closing of Rs 287.80. At the closing bell, shares of the company were trading at Rs 308.35 per share, up 7.14 per cent with a spurt in volume by more than 3.38 times on BSE.  

According to the Quarterly Results, the net sales increased by 77.32 per cent to Rs 556.58 crore and the net profit skyrocket by 244 per cent to Rs 67.16 crore in Q2FY24 compared to Q2FY23. According to the half-yearly results, the net sales increased by 61.62 per cent to Rs 1,024.01 crore and the net profit increased by 200 per cent to Rs 118.67 crore in H1FY24 compared to H1FY23.

In its annual results, the net sales increased by 10.72 per cent to Rs 1,369 crore and the net profit skyrocket by 5 per cent to Rs 97.09 crore in FY23 compared to FY22.

HBL Power Systems Ltd is engaged in the manufacturing of different types of batteries and other products. It is also engaged in service activities related to the above products. The company has a market cap of over Rs 8,500 crore and has been maintaining a healthy dividend payout of 31.70 per cent with a 5-year stock CAGR of 55 per cent.

The stock gave multibagger returns of 200 per cent returns in just 1 year, 1,345 per cent in 2 years and a whopping 2,850 per cent in 1 decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.