3405 per cent return: Dolly Khanna multibagger stock soars over 6 per cent; do you own it?
The company has demonstrated commendable profit growth, with an impressive CAGR of 45.6 per cent over the past 5 years.
On July 17, 2023, the Sensex reached a historic milestone, hitting a new all-time high of 66,656 after surging by 0.8 per cent. Not to be outdone, the Nifty also experienced a surge of 0.75 per cent, achieving its own new all-time high of Rs 19,731. These record-breaking gains reflect the positive investor sentiment and strong momentum in the stock market.
Today, the shares of Tina Rubber & Infrastructure Limited soared 6.75 per cent, the stock hits fresh 52-week high of Rs 770 per share on BSE. The company's current market capitalization stands at Rs 645.57 crore.
On July 05, 2023, the company is building a new plant at its Panipat facility dedicated to producing Thermo Plastic Elastomer (TPE). This innovative facility will utilize waste plastic and rubber to manufacture Composite Polymer, contributing to the reduction of plastic and rubber waste. The plant's expected commissioning is by the end of the current Financial Year.
Additionally, The company has recently acquired land for a new manufacturing unit in Village Varle, Taluka Wada, District Palghar, Maharashtra. This Greenfield plant will process 60,000 tons of Old Used Tyres annually, in addition to its current capacity of 90,000 tons spread across India. The expansion aligns with the government's vision for a circular economy, promoting the use of sustainable raw materials. The commissioning is expected by the end of this Financial Year's fourth quarter.
Company profile:
Tina Rubber & Infrastructure Limited primarily converts End of Life tyres (ELT) into crumb rubber and steel wires as part of its core operations.
The company has demonstrated commendable profit growth, with an impressive Compound Annual Growth Rate (CAGR) of 45.6 per cent over the past 5 years. This consistent growth reflects the company's strong financial performance and efficient business strategies during this period.
Ace investor Dolly Khanna holds a notable stake of 1.41 per cent in this company. Her investment in the company indicates positive prospects and potential for growth.
Dolly Khana, a prominent investor, partners with her husband to curate an exceptionally successful investment portfolio. With an extensive investment journey starting in 1996, she has established herself as a seasoned and accomplished investor.
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The stock has witnessed significant buying activity as it has given multibagger returns of more than 123 per cent in just one year and it has increased by 3405 per cent in the last 3 years.
Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.