3,970 per cent returns: Heavy buying in this multibagger monopoly green financing stock; Company to raise funds via NCDs & scrip hit upper circuit!
The stock gave multibagger returns of 170 per cent in just 1 year; 1,235 per cent returns in 2 years and a whopping 3,970 per cent returns in 3 years.
Today, shares of Mufin Green Finance Ltd were locked in a 5 per cent upper circuit to Rs 115.15 per share from its previous closing of Rs 109.7. The shares of the company saw a spurt in volume by more than 1.05 times on BSE. The stock gave multibagger returns of 170 per cent in just 1 year; 1,235 per cent returns in 2 years and a whopping 3,970 per cent returns in 3 years.
The company considered and approved the terms and conditions for issuance of 1,750 unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures denominated in Indian Rupees (INR), having a face value of Rs 1,00,000 each and an aggregate face value of Rs 17,50,00,000 on a private placement basis. Coupon/Interest offered: 13 per cent.
Quarterly Results: The net sales increased by 221 per cent to Rs 21.13 crore, operating profit increased by 296 per cent to Rs 14.27 crore and net profit increased by 98 per cent to Rs 4.01 crore in Q2FY24 compared to Q2FY23.
Half-yearly Results: The net sales increased by 254 per cent to Rs 38.65 crore, operating profit increased by 351 per cent to Rs 25.29 crore and net profit increased by 135 per cent to Rs 7.46 crore in H1FY24 compared to H1FY23.
Mufin Green Finance is a high-growth company with a strong track record of profitability. It recently received approval for listing on the National Stock Exchange of India, and it is also issued preferential shares in the form of warrants and a bonus issue to its shareholders.
The company has a market capitalization of over Rs 1,700 crore and has delivered good profit growth of 140 per cent CAGR over the last 5 years. These are all positive signs for investors, and the company is well-positioned to continue its growth trajectory in the future.
The stock’s 52-week high of Rs 136.60 and its 52-week low of Rs 34.19. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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