Multibagger in just 6 months: This small-cap stock to enter into new business segments!

The stock gave 24.05 per cent in 1 month and multibagger returns of 225.41 per cent in just 6 months.

Today on BSE, shares of Goyal Aluminiums Limited surged 1.07 per cent to an intraday high of Rs 292.70 per share from its previous closing of Rs 289.60. The stock is close to its 52-week high of Rs 298.90 and has a 52-week low of Rs 74.95.  

Goyal Aluminiums Limited has an associate company named "Wroley E India Private Limited" which is an extended arm of the company through which the company is diversifying its consumer base and knocking on the doors of the retail EV (electric vehicle) segment ensuring an initiative of the government of India, "Clean India and Green India", which is very much essential considering the substantial rise in the issue of increased pollution across the globe.  

The company will sanction financing from Shri Ram Finance Limited for this new business segment and setting up of the manufacturing plant for the manufacturing and promotion of Make in India E-scooters in Greater Noida, Delhi. The company has set a target to launch high-speed electric scooters in April 2023.  

Goyal Aluminiums Limited provides metal trading services. The company offers aluminium sheets, coils, sections, grills and other aluminium products, as well as provides cotton fabrics, printing machines, glass and other products.   

According to the financials, Goyal Aluminiums Limited has a market cap of Rs 417.35 crore. The company reported excellent numbers in both Quarterly Results and annual results.    

The stock gave 24.05 per cent in 1 month and multibagger returns of 225.41 per cent in just 6 months. Investors should keep a close eye on this Small-Cap multibagger stock.