At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 97.82 points or 0.14 per cent.

With the private sector primed to take on the mantle of satellite manufacturing, launch vehicle production, satellite services, and ground system manufacturing, India is on the brink of a cosmic renaissance. The envisioned end-to-end solutions by the private sector are poised to transform the space landscape, turning it into a true force multiplier.

The stock has delivered multi-bagger returns in the last year, posting a remarkable 143.83 per cent increase. With this latest announcement, it should undoubtedly be on your radar for Friday.

Shares of the company gained more than 150 per cent in the last six months.

Company is slated to participate in an Analyst/Investor meet on Tuesday, December 19, 2023, featuring notable entities such as Alchemy, Edelweiss, Mirabilis, Moneybee, Bay Capital, Alpha Accurate, Electrum Capital, JM PMS, Pidilite Family Office, Sahasrar Capital, Incred, and Mahindra MF.

The stock has an ROE of 84.4 per cent and an ROCE of 63 per cent.

The stock gave multibagger returns of 145 per cent in just 6 months, 400 per cent in 1 year and a whopping 1,770 per cent returns in 3 years. 

The stock gave multibagger returns of 115 per cent in 6 months whereas BSE Consumer Discretionary Index is up by 22 per cent.

The market breadth showed positive sentiment, with about 1120 stocks advancing compared to 922 stocks declining, indicating an optimistic outlook in the broader market.

The shares of the company have a PE of 26.4x, an ROE of 15.4 per cent, and an ROCE of 8.2 per cent.