Back-to-Back 52-week highs: Heavy buying in this low PE high ROE multibagger stock as it reports an 8,762 per cent jump in net profit!
Back-to-Back 52-week highs: Heavy buying in this low PE high ROE multibagger stock as it reports an 8,762 per cent jump in net profit!

Back-to-Back 52-week highs: Heavy buying in this low PE high ROE multibagger stock as it reports an 8,762 per cent jump in net profit!

The stock gave multibagger returns of 175 per cent in just 1 year whereas BSE Sensex Index is up by 8 per cent.

Kiran Shroff Article rating: 4.1

According to the annual results, net sales increased by 300 per cent to Rs 27 crore, operating profit increased by 233 per cent to Rs 4 crore and net profit increased by 900 per cent to Rs 24 crore in FY23 compared to FY22. In the previous financial year 22-23, the company announced a dividend of Rs 2 per share having a face value of Rs 10 each.

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