Multibagger Update: Watch out for this blockbuster stock that gained 8,000 per cent in five years! Do you own it?
The shares of this NBFC have gained 8,000 per cent in just five years!
The shares of this NBFC have gained 8,000 per cent in just five years! The stock price of Authum Investment & Infrastructure stood at Rs 1.79 on July 28, 2017, but on July 27, 2022, it is seen trading at Rs 145 a piece on BSE. This means that if you had invested Rs 1,00,000 in this stock five years ago, you would have accumulated an amount of Rs 81 lakh today! That is how you spot multibagger ">Multi-baggers!
Authum Investment & Infrastructure Limited is engaged in the business of fund-based activities viz, investment in shares, securities, mutual funds, etc. along with providing loans & advances, etc. It specialises in structured finance, fixed return portfolio, secured lending, and equity investment in emerging companies.
The company’s quarterly standalone financials reveal that the operating profit for Q4FY22 is Rs 122.78 crore as compared to Rs 49.19 crore for Q4FY21, an increase of 149.63 per cent. Net sales for Q4FY22 were at Rs 147.10 crore, recording an increase of 140.96 per cent as compared to the net sales of Rs 61.05 crore in the same quarter last year. The net profit has also improved and stands at Rs 103.77 crore as against Rs 45.16 crore in Q4FY21, a rise of 129.76 per cent.
The annual performance of net sales is reported at Rs 907.39 crore for FY22, which has increased by 254.51 per cent from last year’s value of Rs 255.95 crore. The operating profit stood at Rs 855.63 crore as compared to Rs 177.93 crore for FY21, which has increased by 380.89 per cent. The net profit was at Rs 668.74 crore for FY21 as against Rs 135.31 crore for FY21, a phenomenal rise of 394.23 per cent.
In FY21, Authum Investment & Infrastructure Limited invested Rs 1,625.77 crore (versus Rs 330.48 crore in FY20), with 95 per cent in listed equity, 4 per cent in unlisted equity, and the remaining in mutual funds.
This multibagger has outperformed the market by almost 8,000 per cent in the past five years and by 1,760 per cent in the past two years itself!
Currently, the stock is trading at Rs 143.70, up by 1.30 per cent on BSE.
Watch out for this multibagger scrip in the upcoming trading sessions.