4,765 per cent multibagger returns: Heavy buying multibagger NBFC stock; hit back-to-back upper circuit & 52-week high!

The stock gave multibagger returns of 335 per cent in just 1 year and a whopping 4,765 per cent in 3 years. Investors

Today, shares of Mufin Green Finance Ltd hit 5 per cent upper circuit Rs 186.30 per share from its previous closing of Rs 177.85. The stock also made a fresh 52-week high of Rs 186.30 and its 52-week low is Rs 34.19 with a spurt in volume by more than 2.16 times on BSE.

Mufin Green Finance Limited operates as an investment firm. The company offers investment advisory, asset management, capital preservation, and financial planning services. The company has a market capitalization of over Rs 2,800 crore and has delivered good profit growth of 141 per cent CAGR over the last 5 years.

Green leader Mufin Green Finance and battery whiz UrjaMobility are teaming up to electrify India's roads, starting with super-durable rickshaw batteries that last years and linking to finance platforms for tracking and control. This tech-powered boost helps not just the booming E-rickshaw market, but also the environment and the 5 million gig-workers in last-mile delivery, thanks to Urja's affordable leasing model that tackles the high cost of replacements. With an initial target of 10,000 batteries, they pave the way for a future where all two-wheelers, including delivery bikes, hum happily on electric power.

Earlier, Mufin Green Finance Ltd.'s board (for the preferential issue) on December 27, 2023, allotted 2.55 crore warrants convertible into equity at Rs 55 each (including premium), raising Rs 140.25 crore. This preferential issue, with 25 per cent paid upfront, saw 55 lakh shares allotted to promoters and 20 crore to non-promoters.

Quarterly Results: The net sales increased by 221 per cent to Rs 21.13 crore, operating profit increased by 296 per cent to Rs 14.27 crore and net profit increased by 98 per cent to Rs 4.01 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 254 per cent to Rs 38.65 crore, operating profit increased by 351 per cent to Rs 25.29 crore and net profit increased by 135 per cent to Rs 7.46 crore in H1FY24 compared to H1FY23.

The stock gave multibagger returns of 335 per cent in just 1 year and a whopping 4,765 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.