Rs 100,00,00,000 revenue potential: Multibagger penny stock surged 6 per cent as company’s new subsidiary Slim-X unveils high performance aluminum profiles – know more here!

The stock gave multibagger returns of 1,080 per cent in just 2 years, 1,240 per cent in 3 years & a whopping 15,900 per cent in 3 years.

Leveraging the growth potential of innovative products- ultra-slim, high-performance aluminum profiles- for industries, a newly formed Subsidiary Slim-X, a subsidiary of Hardwyn India Ltd - a leading brand among the architectural hardware manufacturers in India, has unveiled a range of innovative products. The new brand, with cutting-edge technology, now plans to generate revenue of Rs 100 crore in the next two years. Hardwyn owns 85 per cent ownership in the new subsidiary.

The new range of innovative products that come with aesthetics enhancement convenience and a warranty of up to 10 years are expected to be in big demand from architects, interior designers, builders, and contractors, among other industries.

Today, shares of Hardwyn India Ltd gained 6.2 per cent to an intraday high of Rs 46.86 per share from its previous closing of Rs 44.13. The stock’s 52-week high is Rs 57 and its 52-week low is Rs 17.25.

Hardwyn India Ltd, listed on both BSE and NSE, specializes in manufacturing architectural hardware and glass fittings for residential and commercial structures, providing comprehensive solutions. The company boasts a market capitalization of over Rs 1,600 crore.

Quarterly Results: The net sales increased by 4.22 per cent to Rs 36.34 crore, operating profit increased by 8.38 per cent to Rs 2.16 crore and net profit increased by 15.74 per cent to Rs 1.35 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 5.03 per cent to Rs 63.50 crore, operating profit increased by 10.6 per cent to Rs 3.81 crore and net profit increased by 15.42 per cent to Rs 2.35 crore in H1FY24 compared to H1FY23.

Earlier, the company implemented a trading phase where ex-bonus shares were traded at a ratio of 1:3 and an ex-stock split took place at a ratio of 10:1 for the equity shareholders based on the record date. The company has set Monday, June 05, 2023, as the fixed record date for both the bonus share and stock split.

The stock gave multibagger returns of 1,080 per cent in just 2 years, 1,240 per cent in 3 years & a whopping 15,900 per cent in 3 years. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.