Multibagger stock under Rs 2: This micro-cap company reports a 150 per cent jump in net profit; hit upper circuit!
Multibagger stock under Rs 2: This micro-cap company reports a 150 per cent jump in net profit; hit upper circuit!

Multibagger stock under Rs 2: This micro-cap company reports a 150 per cent jump in net profit; hit upper circuit!

The stock is up by 40 per cent in 2 years and gave multibagger returns of over 300 per cent in 3 years.

Kiran Shroff Article rating: 4.1

In the fiscal year 2022-23, the company also announced a rights issue of 23,69,79,000 equity shares at Rs 2 per share, amounting to Rs 47.40 crore. In FY23, the net sales increased by 25.5 per cent to Rs 19.54 crore and net profit increased by 64.6 per cent to Rs 0.79 crore compared to FY22.

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