4,000 per cent returns: Heavy buying in this multibagger monopoly green financing stock; hit back-to-back 52-week highs and volume breakout!

The stock gave multibagger returns of 235 per cent in just 1 year; 1,300 per cent returns in 2 years and a whopping 4,000 per cent returns in 3 years.

In a euphoric day for Indian markets, both the BSE Sensex and NSE Nifty-50 soared to record highs, breaching the 71,000 and 21,300 marks respectively. The celebratory mood extended to Mufin Green Finance, whose shares rocketed 5 per cent on a tear, achieving an intraday high and a 52-week peak of Rs 146.80, significantly above its previous close of Rs 139.85. The shares of the company saw a spurt in volume by more than 10 times on BSE.

This surge marks an impressive continuation of the stock's recent winning streak, having notched consecutive 52-week highs in recent sessions. Notably, trading volume for Mufin Green Finance on the BSE also witnessed a phenomenal spike, exceeding its usual levels by over tenfold, suggesting strong investor confidence and momentum behind the rally. The stock gave multibagger returns of 235 per cent in just 1 year; 1,300 per cent returns in 2 years and a whopping 4,000 per cent returns in 3 years.

Earlier, 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 has 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 2,000 crore and has delivered good profit growth of 150 per cent CAGR over the last 5 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.