400 per cent returns: This multibagger small-cap company reports whopping 490 per cent increase in net sales!

Shares of the company have gained more than 140 per cent in the last one year.

On July 25, 2023, John Cockerill India Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). On a consolidated basis, the company has reported a 181 per cent rise in its net profit at Rs 4.34 crore for the quarter ended June 30, 2023, as compared to a loss of Rs 5.35 crore for the same quarter in the previous year. The total income of the company increased by 490.58 per cent at Rs 221.16 crore for Q1FY24 as compared to Rs 37.45 crore for the corresponding quarter previous year.

John Cockerill India is engaged in the business of designing, manufacturing, and commissioning cold rolling mill complexes, processing lines, chemical equipment, industrial furnaces and auxiliary equipment for ferrous and non-ferrous industries worldwide. The company is part of the John Cockerill Group (previously known as the CMI group) headquartered in Belgium. It has two manufacturing facilities at Taloja and Hedavali, both in Maharashtra and has a global footprint across Asia, Africa, the Middle East, Europe, North America and South America.

Today, the stock opened at Rs 2960, with a high and low of Rs 2990.00 and Rs 2780.00. The stock is currently trading at Rs 2835.00, down by 3.89 per cent.

In the last one year, the shares of the company have given more than 140 per cent returns and investors should keep a close eye on this stock.

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