This multibagger stock rises more than 9 per cent today to make a new 52-week high!

The company has shown positive traction as it has given multibagger returns of more than 364 per cent in just 1 month and over 94 per cent in the last 6 months

On Wednesday, shares of Shilchar Technolgies zoomed more than 9 per cent to trade on a new 52-week high value of Rs 1140. The scrip witnessed a spurt in volume by more than 2.51 times. The stock, witnessed some profit booking and closed 5.66 per cent up at Rs 1102.95.   

In Q2FY23, the company’s net sales rose more than 85 per cent from Q2FY22 to Rs 59.73 crore. EBITDA levels witnessed a massive jump of 355.94 per cent from last year’s September quarter to Rs 13.04 crore. The company witnessed more than 5-fold jump in its net from corresponding quarter last year to Rs 9.14 crore.  

Shilchar Technologies is engaged in the business of manufacturing electronics & telecom and power & distribution transformers. The company has recently ventured into the manufacturing of Ferrite transformers. The Company produces R-core transformers, EI transformers, Ferrite core transformers, Torraidal transformers, Toroid Cores and Bobbins. It caters to the requirements of private utility companies, renewable energy solar, wind & hydel, cement, sugar, steel & hydrocarbon industries, power plant developers, etc.   

The company has shown positive traction as it has given multibagger returns of more than 364 per cent in just 1 month and over 94 per cent in the last 6 months. Keep a close eye on this multibagger stock.