Multibagger stock below Rs 50: Investors should keep an eye on this small-cap stock!

Today, shares of the company saw a spurt in volume by more than 15.83 times on BSE. In the last two years, the stock has delivered multibagger returns of 499.26 per cent.

RattanIndia Enterprises Ltd recently announced that it has successfully acquired a 100 per cent ownership stake in "Revolt Motors," the market leader in electric motorcycles. Revolt Motors will now be a fully owned subsidiary of RattanIndia Enterprises Ltd.  

Today, shares of Rattan India Enterprises Ltd surged 18.45 per cent to the day’s high of Rs 50.40 per share from its previous closing of Rs 42.55. At 03:30 pm, the shares of the company ended the day positive, up 14.92 per cent to Rs 48.90 per share.   

RattanIndia Enterprises Ltd is active in a wide range of business activities inter alia from software, legal, financial, human resources and consultancy, to supply of manpower, software designing & development, design development and implementation of payment systems & gateways, etc. Today, shares of the company saw a spurt in volume by more than 15.83 times on BSE.  

In terms of financials, the company reported outstanding quarterly and annual results. According to the annual consolidated financial statements, the company did net sales of Rs 13.99 crore and the net profit of Rs 567.20 crore (Revenue and profit include realized gain on sale of investments and unrealized Mark to Market (MTM) gain on investments).  

In the last two years, the stock has delivered multibagger returns of 499.26 per cent. Investors should keep an eye on this multibagger Small-Cap stock.