3,000 per cent returns: Back-to-back upper circuits & 52-week highs in this micro-cap multibagger stock; reports 3,850 per cent jump in net profit!

The stock gave multibagger returns of 650 per cent in just 1 year, 1,657 per cent in 2 years and a whopping 3,000 per cent in 3 years.

On Friday, the benchmark indices were trading in green with the BSE Sensex Index up by 0.28 per cent at a level of 66,414 and the NSE Nifty-50 Index up 0.14 per cent at a level of 19,770.

Along with the market in green, one of the Top Gainers on the BSE today, shares of Dhruva Capital Services Ltd surged 5 per cent upper circuit to Rs 100.82 per share from its previous closing of 96.02. The stock also traded at a new 52-week high of Rs 100.82 per share. In recent trading sessions, the stock had hit back-to-back upper circuits and 52-week highs.

The corporation presented excellent figures in its Quarterly Results and annual results. The net sales increased by 183 per cent to Rs 0.17 crore and net profit increased by 3,850 per cent to Rs 0.79 crore in Q1FY24 compared to Q1FY23. The company reported net sales of Rs 0.25 crore and a net profit of Rs 0.08 crore in FY23.

Dhruva Capital Services Ltd has a market cap of Rs 40.95 crore with a 3-year stock price CAGR of 209 per cent respectively. All of this, therefore, indicates great managerial performance and it witnessed some fresh buying today. 

Dhruva Capital Services Limited operates as a non-banking financial company (NBFC). The Company engaged in investment and financing. Dhruva Capital Services serves customers in India. Also, the company will increase authorized share capital in 2023.

The stock gave multibagger returns of 650 per cent in just 1 year, 1,657 per cent in 2 years and a whopping 3,000 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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