This High-ROE Multibagger Stock is on Fire with Back-to-Back Upper Circuit and Double Bonanza of Bonus & Stock Split - Don't Miss Out!

The stock has an ROE of 91.34 per cent and a ROCE of 114.29 per cent.   

Varanium Cloud Limited informed that that company in partnership with QMS MAS (Medical Allied Services), unveiled a cloud-based medical wearable device called Vyana on April 21, 2023 with legendary cricketer & icon “Mr Kapil Dev” and leading Hindi films female actor & fitness advocate, “Ms Esha Deol.”  

Vyana has designed a medical wearable that monitors vital signs and sends notifications to the user and emergency contacts in the event of significant fluctuations, which is crucial for high-risk groups. The product is slated to hit markets by Diwali this year.  

Additionally, the company has announced bonus share in the ratio 1:1 and stock split of 1 equity share of the company having face value of Rs 10 each into 2 equity shares of the company having face value of Rs 5 each. The completion of bonus shares and stock split will be done by Saturday, May 20, 2023.   

On Monday, shares of Varanium Cloud Ltd surged 5 per cent upper circuit to Rs 740.70 per share from its previous closing of Rs 705.45. The 52-week high of the stock is Rs 1,602 and the 52-week low of Rs 146.50.  

Varanium Cloud Limited is a technology company focused on providing services surrounding digital audio, video and financial blockchain (for PayFac) based streaming services.  

Talking about the financials, Varanium Cloud has a market cap of Rs 744.50 crore. The company reported excellent Quarterly Results. In Q3FY23, net sales skyrocketed 431.91 per cent and net profit skyrocketed 108.36 per cent compared to Q3FY22. The stock has an ROE of 91.34 per cent and a ROCE of 114.29 per cent.   

The stock gave multibagger returns of 405.61 per cent from its 52-week low of Rs 146.50 per share. Investors should keep this stock under their radar.