Do you own this company that climbed 40 per cent in just five days and is on its path of becoming a multibagger?

In FY22, the company reported sales of Rs 334.67 crore and a net profit of Rs 67.39 crore, compared to a net loss of Rs 48.11 crore in FY21.

The Indian domestic indices fluctuated between slight gains and losses earlier in the morning amid conflicting global cues. While the majority of indices were moving in the same direction, BSE Capital Goods sector, which was the top gainer, witnessed gains of 1.65 per cent, powered by the shares of Larsen & Toubro. In just one month, the sectoral index BSE Capital goods surged nearly 13 per cent.  

Following a similar pattern, Kirloskar Electric Company’s shares rallied on Wednesday to hit a 52-week high of Rs 37.85 per share on BSE. It touched a 5 per cent upper circuit and also, witnessed a spurt in volume by more than 2.66 times. The shares of this company have soared almost 40 per cent in just five trading sessions, meaning to say that an investment of Rs 1 lakh made five days ago would have turned into nearly Rs 1.40 lakh today. It generated returns of more than 93 per cent in a single year.      

The company's debt-to-equity ratios are negative. When a company's interest rates are higher than its return on investment, the DE ratio is negative. However, according to rumours in the market, the company will soon be debt-free. In FY22, the company reported sales of Rs 334.67 crore and a net profit of Rs 67.39 crore, compared to a net loss of Rs 48.11 crore in FY21.  

Anand Balaramacharya Hunnur was chosen by the board to be the organisation's Managing Director (MD) on July 12, 2022. With the former MD returning and the capital goods market continuing to be robust, this company is gaining investors' attention.   

Keep a close eye on this scrip for the upcoming sessions.