6,650 per cent returns: Multibagger Aluminium Stock Hit Upper Circuit After Company Runs Trails of New Machinery; Details Inside
The stock delivered multibagger returns of 400 per cent in 3 years, 1,800 per cent in 5 years and a whopping 6,650 per cent in a decade.
On Wednesday, one of the gainers on BSE, shares of Maan Aluminium Ltd gained 5 per cent upper circuit to Rs 144.45 per share from its previous closing of Rs 137.60. The stock’s 52-week high is Rs 258.95 per share and its 52-week low of Rs 112 per share.
In continuation of our earlier intimation dated May 13, 2023, for the order of a 30 MN Short Stroke Back Loading Press and complete handling system, the company informed that the trial run of the press production has commenced effective November 27, 2024. This new machinery will enable us to cater to a significant portion of both the Indian and global markets. The benefits to our company's production include the ability to accommodate a new extrusion line for 300 mm wider profiles, the capacity to extrude all alloy types from 1xxx to 7xxx series, and a substantial increase in annual production capacity from 12,000 MT to 24,000 MT.
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Maan Aluminium Ltd, established in 2003, is a one-stop shop for aluminium products in India. They manufacture and export extruded aluminium profiles, offering in-house anodizing and fabrication for value-added products. They're also an exclusive distributor for Hindalco's aluminium billets and ingots in specific regions and import some raw materials to meet their needs. Their product range caters to diverse industries, from construction and automobiles to solar and defence, with custom profiles available upon request. They even export their products to countries like the USA, UK, and Australia.
Maan Aluminium Ltd has a market cap of Rs 780 crore and has delivered good profit growth of 29 per cent CAGR over the last 5 years. The company reported positive numbers in its Quarterly Results (Q2FY25) and annual results (FY24). The shares of the company have an ROE of 23 per cent and an ROCE of 25 per cent.
The stock delivered multibagger returns of 400 per cent in 3 years, 1,800 per cent in 5 years and a whopping 6,650 per cent in a decade. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.