Turnaround Story: Multibagger Semiconductor At Rs 102.79 Per Share Hit Upper Circuit & 52-Week High On November 18
The stock gave multibagger returns of 585 per cent from its 52-week low of Rs 15 per share.
On Monday, shares of RRP Semiconductor Ltd hit a 2 per cent upper circuit to Rs 102.79 per share from its previous closing of Rs 100.78 per share. The stock also made a new 52-week high of Rs 102.79 per share while its 52-week low is Rs 15 per share.
Incorporated in 1989, RRP Semiconductor Ltd. has evolved from its origins in the finance sector to become a prominent player in the semiconductor and digital chip industry. Operating within the broader electronics, information, and technology sectors, the company is focused on the design, manufacture and distribution of advanced semiconductor and digital chip solutions.
In its Quarterly Results the company reported net sales Rs 5.66 crore in Q2FY25 compared to nil net sales of Q2FY24. The company reported a turnaround net profit of Rs 1.82 crore in Q2FY25 compared to a net loss of Rs 0.02 crore in Q2FY24, an increase of 9,200 per cent. In its half-yearly results, the company reported net sales of Rs 10.77 crore in H1FY25 compared to nil net sales in H1FY24. The company reported a turnaround net profit of Rs 3.49 crore in H1FY25 compared to a net loss of Rs 0.07 crore in H1FY24, an increase of 5,086 per cent.
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The company has a market cap of over Rs 140 crore and reduced debt to Rs 3.96 crore in September 2024 compared to Rs 8.50 crore in March 2024. The stock gave multibagger returns of 585 per cent from its 52-week low of Rs 15 per share. Investors should keep an eye on this semiconductor stock.
Disclaimer: The article is for informational purposes only and not investment advice.