Multibagger penny stock under Rs 15: Shares of this small-cap company soar over 11 per cent to make a new 52-week high!
The stock has a PE of 24x, a ROE of 40.51 per cent and a ROCE of 46.40 per cent.
Mishtann Foods is in the news due to its expansion plans and after investment by Nomura Singapore Ltd ODI. On Monday, shares of MFL zoomed 11.74 per cent to a new 52-week high of Rs 12.38 per share from its previous closing of Rs 11.08 per share. At the closing bell, shares of the company ended the day in green, up 8.30 per cent to Rs 12 per share.
Mishtann Foods Limited. (BSE: 539594), India's leading agro-food product company with a primary focus on various types of Basmati rice, has announced that it is looking to introduce new products for domestic markets, like free flow iodized salt, crystal salt and rock salt and also ventured into new markets like North Eastern India. The Company expects its top line to rise with these positive actions.
Earlier, the company had announced that it had incorporated a wholly owned subsidiary company named “Grow and Grub Nutrients FZ – LLC” in the United Arab Emirates. Nomura Singapore Ltd ODI, over the period, has increased its stake to 1.38 per cent (1.38 crore shares).
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The company has reduced its debt and delivered good profit growth of 60 per cent CAGR over the last 5 years. The stock has a PE of 24x, a ROE of 40.51 per cent and a ROCE of 46.40 per cent. The shares of the company saw a spurt in volume by more than 2.38 times on BSE.
The stock gave multibagger returns of 340 per cent in just 2 years and over 800 per cent returns in 5 years. In the last financial year, the company declared bonus shares in the ratio 1:1 and a dividend of Rs 0.0010 per share for a face value of Rs 1. This FMCG small-cap stock should be kept under the radar.