Multibagger Update: Shares of this manufacturing company soared 644 per cent in one year! Do you own this stock?

The shares of this small-cap company have gained over 24.66 per cent in a month and delivered more than 644.06 per cent returns over a period of one year.

The shares of this Small-Cap company have gained over 24.66 per cent in a month and delivered more than 644.06 per cent returns over a period of one year. 

Beekay Niryat Limited was incorporated on June 6, 1975, under Companies Act, 1956 in the state of West Bengal. It was incorporated as Giri Finance & Trading Limited, which was changed to Beekay Niryat Ltd on May 4, 2001, pursuant to the scheme of amalgamation dated January 15, 2001, with nine companies. The registered office of the company was changed in the year 2014 from Kolkata (West Bengal) to Jaipur (Rajasthan). The equity shares of the company are listed on BSE. The main business of the company is to trade in jute business and invest in the shares of other companies.   

On a quarterly basis, the company’s total expenditure has increased by 98.41 per cent in Q4FY22 to Rs 0.25 crore compared to Rs 0.13 crore in Q4FY21.  

The net profit of the company has also increased by 26.14 per cent in Q4FY22 to Rs 0.56 crore as against the net profit reported at Rs 0.44 crore.   

The company has a market capitalisation of Rs 31.4 crore while the promoter’s holding in the company is 73.51 per cent. This multibagger scrip has generated about 464.32 per cent returns for over five years for the shareholders. The stock ended 4.88 per cent higher on BSE today.  

Investors should keep an eye on this stock.