Heavy buying: Back-to-back upper circuit in this multibagger stock; gains over 500 per cent in less than a year!

Shares of the company gained more than 80 per cent in the last six months.

Shares of Meson Valves India Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 80 per cent.

The company also posted strong results in FY24. The revenue of the company for FY24 stood at Rs 63.15 crore which increased by 72.29 per cent YoY. The operating profit of the company stood at Rs 14.95 crore, while the PAT of the company stood at Rs 9.05 crore which increased by 106.68 per cent from FY23.

Recently, Meson Valves India signed a licensing agreement with Georg Schunemann GmHH, a German company. This agreement grants Meson exclusive rights to use Georg Schunemann's expertise in filters, manufactured products, and inserts. Meson can also seek their assistance to optimize technology use.

Shares of Meson Valves India Limited have also delivered multibagger returns to their shareholders in less than one year. During this period, the company’s share price jumped from Rs 203.45 on September 21, 2023, to Rs 1246.45 on July 04, 2024, an increase of more than 500 per cent in less than one-year holding period.

Meson Valves India Limited, previously known as Sander Meson India Private Limited, is a supplier of valves, actuators, Strainers, and remote-control valve systems to industries.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.