High ROE & high ROCE multibagger stock: This micro-cap company enters into distribution partnership with Ruark!

The stock gave multibagger returns of 370 per cent in 3 years.

Creative Newtech Limited (NSE: CREATIVE) market specialists for experiential products in IT, Gaming, Imaging and Lifestyle domains with a pan-India presence, is pleased to announce that the Company has agreed with UK-based Company, Ruark, to introduce the brand’s high-end audio products to the Indian market. This strategic partnership marks a pivotal moment for both entities, opening doors to new possibilities in the dynamic Indian market.

Ruark's globally acclaimed products like MR1 MK2, R2 MK4, R3S, R410 and RS1 will now be available in India, targeted at the premium segment among music enthusiasts. Creative has worked closely with Ruark to formulate the brand’s market entry strategy for India, to capitalize on the growth potential that this region offers.

Creative Newtech Ltd (Formerly known as Creative Peripherals and Distribution Limited) is a distribution and marketing partner of Global IT, Imaging and Lifestyle brands catering to their distribution requirements through its omnichannel presence. The company has a market cap of Rs 790 crore and reported excellent numbers in its Quarterly Results and annual results.

On Friday, shares of Creative Newtech Ltd plunged 2.97 per cent to Rs 558.40 per share with an intraday high of Rs 580 and an intraday low of Rs 558.

The shares of the company have an ROE of 25 per cent and an ROCE of 24 per cent. The stock gave multibagger returns of 370 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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