This multibagger stock skyrocketed more than 300 per cent in just 3 months!

The company has shown positive traction as it has skyrocketed more than 303 per cent in just 3 months

Containe Technologies Limited  is engaged in the business of automobile safety and GPS solutions in the automobile sector. Incorporated in 2008, the company manufactures a wide range of technology-intensive electronic and mechanical automotive products. The market capitalization of the company is around Rs 52 crore.     

On Friday, shares of Containe Technologies surged and got locked at 5 per cent upper circuit at Rs 90.70. On December 21, 2022, the company made a new 52-week high level of Rs 99.90.    

In the September quarter of 2022, the company’s revenue of operations stood at Rs 9.20 crore. The company reported a Profit After Tax (PAT) of Rs 0.23 crore.  Recently the company, in its press release stated that they have secured approval for registration of the VLT (Vehicle Location Tracking) devices, for usage in the state of West Bengal.    

Post its listing, the company has shown positive traction as it has skyrocketed more than 303 per cent in just 3 months. Keep a close eye on this trending multibagger stock.