52 weeks high alert: Multibagger stock gains over 10 per cent on delivering outstanding quarter!

Shares of this company gained more than 80 per cent in one year.

Shanthi Gears Limited has been delivering stellar growth in revenue. The topline of the company has been increasing on a 3-year CAGR of 23 per cent. In the recent Q4FY23, the revenue of the company increased by 19 per cent on YoY basis which stood at Rs 123 crore. The bottom line of the company stood at Rs 19 crore, growing by 59 per cent.   

Shanthi Gears Ltd is in the business of design, manufacture, supply and servicing of gears and gear boxes. Shares of Shanti Gears Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the stock jumped from Rs 80.30 on May 15, 2020, to Rs 416.05 on May 15, 2023, an increase of about 400 per cent in the last three-year holding period. 

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On Monday, the stock opened at Rs 377.25, with a high and low of Rs 417.20 and Rs 377.25. The stock previously closed at Rs 373.65. Today, the stock closed, trading at Rs 410.75, up by 9.93.00 per cent.     

The stock has a 52-week high of Rs 417.20 and a 52-week low of Rs 182.55. The company has a ROCE of 32.1 per cent and ROE of 23.8 per cent with a market capitalisation of Rs 3199 crore.