Multibagger stock below Rs 50: Keep an eye on this stock, which was locked in the upper circuit on January 17

The stock gave multibagger returns of 109.72 per cent in just 1 month.

One of the Top Gainers on the BSE today, shares of Dhruva Capital Services Ltd surged 5 per cent upper circuit to Rs 41.65 per share from its previous closing of 39.70. In just 1 month the stock gave multibagger returns of 109.72 per cent. In recent trading sessions, the stock had hit back-to-back upper circuits and 52-week highs. 

The corporation presented excellent figures in its quarterly and annual financial statements. Net sales increased by 8.62 per cent in FY22 over FY21 and net profit increased by 92.86 per cent in FY22 over FY21, according to the annual financial statement. 

Dhruva Capital Services Ltd has a market cap of Rs 13.58 crore with a 1-year CAGR of 566 per cent respectively. All of this, therefore, indicates great managerial performance. It has also witnessed some fresh buying today.  

Dhruva Capital Services Limited operates as a non-banking financial company (NBFC). The Company engaged in investment and financing. Dhruva Capital Services serves customers in India. Also, the company will increase authorized share capital in 2023. In the last 6 months, the stock gave multibagger returns of 120.37 percent and in 1 year it skyrocketed to 526.32 per cent. Investors should keep an eye on this Small-Cap stock.