Upper circuit alert: Heavy buying witnessed in this multibagger stock, reports 410 per cent jump in operating profit!

In the last six months, the stock has gained more than 80 per cent.

Shares of RDB Realty & Infrastructure Limited were locked in the upper circuit on Tuesday, hitting a fresh 52-week high. The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 67.26 crore which grew by 68.95 per cent YoY. The operating profit of the company stood at Rs 13.47, while the PAT of the company stood at Rs 7.82 crore, representing an impressive growth of 4269.27 per cent YoY. 

The stock has also delivered multibagger returns to its shareholders in just six months. During this period, the company’s share price jumped from Rs 34.10 on June 13, 2022, to Rs 68.46 on June 13, 2023, an increase of about 100 per cent in the last one year holding period.      

RDB Realty & Infrastructure Limited is one of the leading real estate companies in Eastern India. Starting from developing homes for the middle and lower income groups, the company nowadays is developing large townships, retail and office spaces.

The stock has a 52-week high of Rs 68.46 and a 52-week low of Rs 26.65. The company has a ROCE of 5.12 per cent and a ROE of 10.5 per cent with a market capitalisation of Rs 118 crore.    

The stock has exhibited tremendous growth and investors should keep a close eye on this stock.