Multibagger in just 6 months: Watch out for this micro-cap stock which hit upper circuit on May 08

The stock gave multibagger returns of 114 per cent in just 6 months and over 693 per cent in 1 year.

One of the Top Gainers on BSE today, shares of Captain Pipes Ltd surged 5 per cent upper circuit to Rs 21.40 per share from its previous closing of Rs 20.39. The stock gave multibagger returns of 114 per cent in just 6 months and over 693 per cent in 1 year.  

Captain Pipes Ltd informed the stock exchange that the meeting of the Board of Directors of the company is scheduled to be held on Tuesday, May 09, 2023: 

To consider and approve the standalone audited financial results for the half year and year ended on March 31, 2023.  

Previously, traded ex-bonus shares in the ratio 2:1 and ex-stock split in the ratio 1:10 held by the company's equity shareholders as of the record date. The company had the record date as Thursday, March 02, 2023.    

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Captain Pipes Ltd is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and agri fittings. Captain Pipes serves customers in India. Today, shares of the company saw a spurt in volume by more than 10.50 times on BSE.

In terms of annual financial statements, the company reported excellent results. In comparison to FY21, the net sales and net profit skyrocketed to 104.46 per cent and 1759.78 per cent respectively in FY22. The company has a market cap of Rs 298.44 crore with a one-year CAGR of 650 per cent.   

The stock has a 52-week high of Rs 26.07 and a 52-week low of Rs 2.41. Investors should keep an eye on this micro-cap stock.