Multibagger alert: Up by 23 per cent in just five days, shares of this company made a fresh 52-week high on September 8!

The shares of this company have made a new 52-week high at Rs 200.25 a piece on September 8, 2022 (Thursday). The stock has been consistently gaining for a week and got locked in the 20 per cent upper circuit on Thursday morning!

The shares of this company have made a new 52-week high at Rs 200.25 a piece on September 8, 2022 (Thursday).  

The stock has been consistently gaining for a week and got locked in the 20 per cent upper circuit on Thursday morning!

 It witnessed a spurt in the volume of 2.5x today.  

 With a market capitalisation of Rs 212 crore, the shares of Mahalaxmi Rubtech soared 51.45 per cent within a period of just one month!   

 Mahalaxmi Rubtech Ltd is a textile manufacturing company and a part of Mahalaxmi Group of Industries. It is engaged in the manufacturing & marketing of products of traditional as well as technical textiles. Mahalaxmi Rubtech Ltd is headquartered in Ahmedabad (India) and all its facilities are located within 50 km of each other. Its promoters - Parekh Group owns 66.71 per cent of the total shareholding while 33.22 per cent of the shareholding is held by the public.  

The company recently announced its Quarterly Results for Q1FY23 wherein, its net sales soared 44 per cent to Rs 51.5 crore as compared to Rs 35.7 crore in Q1FY22. The company has also reported an increase of 25 per cent in its operating profit in Q1FY23, compared to the operating profit in Q1FY22.  

This multibagger-pick ">Multi-bagger stock surged 189 per cent on a YTD basis and has generated returns of 218 per cent in just one year!    

Mahalaxmi Rubtech Ltd is in the process of commissioning a project for the manufacturing of textile print media substrates for use in digital banners as well as signage printing. The company also has plans for setting up a new plant and machinery for technology upgradation & expansion under Technology Upgradation Fund Scheme (TUFS).    

Watch out for this multi-bagger stock in the upcoming trading sessions!