Multibagger stock under Rs 150: This company is in the process of setting up two beverage plants

Shares of the company have gained more than 200 per cent in the last six months.

On March 8, 2023, Arunjyoti Bio Ventures Limited in the exchange filling informed that the company is in the process of setting up two beverage plants in the states of Telangana and Andhra Pradesh.

 Arunjyoti Bio Ventures Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 30.40 on March 9, 2022, to Rs 130.00 on March 8, 2023, an increase of more than 300 per cent in one year holding period. 

 Incorporated in 1986, Arunjyoti Bio Ventures Ltd is in the business of FMCG, beverages, fertilizers, and agri inputs. On July 20, 2022, the company amended its main objectives by adding FMCG and beverages sector apart from carrying out the existing business activities of Biopesticides, fertilizers and agri inputs.

 Today, the stock opened at Rs 133.50, with a high and low of Rs 133.50 and Rs 133.50. The stock previously closed at Rs 130. It is currently trading at Rs 133.50, up by 2.69 per cent. 

 In the last six months, the shares of the company have given more than 200 per cent returns and in the last one month, it has given about  -4 per cent returns.

 The stock has a 52-week high of Rs 148 and a 52-week low of Rs 19.60. The company has a ROCE of 4.06 per cent and an ROE of 3.05 per cent with a market capitalisation of Rs 26.9 crore.