1,200 per cent returns in 3 years: This multibagger stock announces the highest ever annual sales!
The company has achieved its highest-ever annual sales of Rs 160.07 crore for the fiscal year ending March 31, 2023
On Monday, shares of Calcom Vision zoomed more than 3 per cent to make an intraday high of Rs 136.40 apiece on BSE. The scrip witnessed a massive spurt in volume by more than 2.97 times.
The company has achieved its highest-ever annual sales of Rs 160.07 crore for the fiscal year ending March 31, 2023. This represents a remarkable increase of 59.97 per cent from the previous fiscal year, FY22. The final quarter of FY23 was particularly successful for the company, with record-breaking quarterly sales of Rs 46.89 crore, up 22.88 per cent from the corresponding quarter of FY22.
During this quarter, Calcom also entered into a joint venture agreement with a leading global manufacturer of Brush Less Direct Current (BLDC) motors to manufacture BLDC fans. With advancements in technology and government-led initiatives to conserve power, the demand for BLDC fans is expected to increase rapidly.
Furthermore, the company has secured an agreement with Etrade Marketing Private Limited, trading under the brand name Amazon Basics, to supply LED products. This partnership is expected to benefit both companies by increasing market share and expanding product offerings in the highly competitive e-commerce market.
The stock has witnessed massive buying as it has given multibagger returns of more than 1240 per cent in just 3 years.
Keep a close eye on this trending stock.