Back-to-Back 52-week highs: Watch out for this multibagger automobile stock which was locked in the upper circuit on June 05
Back-to-Back 52-week highs: Watch out for this multibagger automobile stock which was locked in the upper circuit on June 05

Back-to-Back 52-week highs: Watch out for this multibagger automobile stock which was locked in the upper circuit on June 05

The stock gave multibagger returns of 148.94 per cent from its 52-week low of Rs 155 per share.

Kiran Shroff Article rating: 4.1

According to the quarterly results (Q4), the company reported net sales of Rs 286.55 crore in Q4FY23 compared to net sales of Rs 288.63 crore in Q4FY22. The net profit increased by 48.05 per cent to Rs 16.64 crore in Q4FY23 compared to Q4FY22. The net sales increased by 20.46 per cent to Rs 1,169.22 crore in FY23 over FY22. The company reported a net profit of Rs 23.11 crore in FY23 compared to a net loss of Rs 1.10 crore in FY22, an increase of 22 times.

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