Do you own shares of this SME switchgear company that has given exponential returns of 11x in just one year?

The stock is rallying fast, continuously hitting upper circuit of 5per cent.

RMC Switchgears Ltd, an S&P BSE SME company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price has jumped to Rs 298.30 on November 2, 2022 from Rs 25 a year ago, showing an increase of 1093 per cent. Meanwhile, the S&P BSE SME IPO, of which the company is a part, surged 163 per cent to 19983.12 on November 2, 2022 from the 7599.25 level, a year ago.   

  Shares of RMC Switchgears Ltd have been surging very fast on the bourses, hitting the upper circuit of 5 per cent on numerous trading sessions. Today, the stock opened 5 per cent above its previous close of Rs 284.10 logging yet another lifetime high of Rs 298.30.   

 Shares of RMC Switchgear have skyrocketed in a very small timeframe, giving 158 per cent price returns in the last one month and 565 per cent price returns in 6 months.    

 An investment of Rs 1 lakh in the shares of this company one year ago would have turned to Rs11.93 lakh today.   

 Shares of this BSE ‘MT’ Group stock command a market capitalisation of Rs 181.73 crore, currently trading at a TTM PE of 314.95x. The stock has a 52-week high and low of Rs 298.30 and Rs 19, respectively on BSE.   

 Incorporated in 1994 RMC Switchgears Ltd is primarily engaged in the business of switchgear engineering, ECI contracts for the power distribution/transmission sector and PVC marble and solid surface.