Multibagger update: Shares of this company set to list on NSE post yielding 192 per cent returns in just one year!

For FY22, the company recorded revenue of Rs 563.6 crore with EBITDA of Rs 59.8 crore and PAT of Rs 30.9 crore.

Dynamic Cables Ltd (DCL), a manufacturer of wire & cables with headquarters in Jaipur, has announced the listing clearance of its equity shares on National Stock Exchange (NSE) in an effort to uphold its commitment to the company's stakeholders.   

Currently, the company’s shares are traded on Bombay Stock Exchange (scrip code: 540795). The company moved to the main board on October 1, 2020, after being listed on BSE SME Exchange via its IPO in December 2017. Beginning on July 27, 2022, the company will be allowed to trade and would be listed on National Stock Exchange (NSE) with the ticker symbol ‘DYCL.’  

Its stock soared 192 per cent in just one year! The share price climbed more than 34 per cent on a monthly basis while in just five days, it delivered returns of around 20 per cent to shareholders!   

For FY22, the company recorded revenue of Rs 563.6 crore with EBITDA of Rs 59.8 crore and PAT of Rs 30.9 crore. The market value of Dynamic Cables is Rs 308 crore. At the end of March 2022, promoters owned 74.36 per cent of the company. Non-institutional investors have a total holding of 25.54 per cent compared to institutional investors' modest 0.10 per cent position.  

Keep a close eye on this scrip for the upcoming sessions.