From Rs 2.12 per share to Rs 60.55 per share, the stock gave multibagger returns of 2,750 per cent in 3 years.

Promoters and FIIs both have increased their stake in the company as per the Q4 FY24 update.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 304.21 points or 0.41 per cent.

FIIs have increased their stakes in the company as per a recent update, while promoters hold a 75 per cent stake in the company.

Following the announcement, a significant spurt over 6 times in trading volumes was witnessed in the company’s stock today on the BSE.

FIIs and DIIs have increased their stakes in the company as per a recent update, while promoters hold a 71.80 per cent stake in the company.

Overall, Multibagger penny stock at Rs 54.67 & Promoter sold 75,000 shares: This electric equipment company reports a 41,967 per cent jump in PAT

Multibagger penny stock at Rs 54.67 & Promoter sold 75,000 shares: This electric equipment company reports a 41,967 per cent jump in PAT

The stock gave multibagger returns of 217 per cent in 1 year and over 5,200 per cent in 3 years.

The shares of the company have a PE of 20x, an ROE of 16.2 per cent and an ROCE of 15 per cent.

Market volatility, as indicated by India VIX, has declined 1.57 per cent but is trading above the level of 21 reflecting heightened market volatility.