Company expanding its reefer business and aiming to increase its warehousing capacity. They have entered into a joint venture with Sunil Transport for liquid logistics and also planning to introduce electric vehicles in their fleet in the future.

In a broader market context, about 1054 stocks advanced, outnumbering the 983 stocks in decline, reflecting an overall positive sentiment.

The stock gave multibagger returns of 1,365 returns in 3 years.

Analysts and investors often use this screening technique for long-term wealth creation and profit.

The company has a market cap of Rs 220 crore with a PE of 19x and an ROE of 17.5 per cent.

The market capitalization of BSE-listed companies was Rs 3,48,98,701 crore or approx. Rs 349 lakh crore as of December 06, 2023.

On December 05, 2023, foreign institutional investors (FII) bought shares worth Rs 5,223.51 crore, while domestic institutional investors (DII) sold shares worth Rs 1,399.18 crore.

Yet, the plot thickens when examining the institutional landscape. Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) have nearly doubled their holdings since April 2021, surging from 9.2 per cent and 13.1 per cent to 18.1 per cent and 25.2 per cent, respectively.

The company's meticulous expansion plan includes Phase I, where a capacity of 40,000 MTPA will come to life at an estimated cost of Rs. 1,125 Crores, operational in 27 to 36 months at Odisha. Importantly, the capital expenditure for this phase will be predominantly sourced from internal accruals, supplemented by debt financing. At full utilization of this capacity, Himadri anticipates generating a revenue that is four times the initial capital expenditure, underlining a robust profitability and returns profile.

The stock gave returns of 525 per cent in a decade.