52-week high alert in this multibagger stock: Small-cap company marks another victory with Garib Rath contract from Indian Railways, following recent Vande Bharat success!

The stock gave multibagger returns of 150 per cent in just 6 months.

On Thursday, one of the Top Gainers on BSE, shares of Responsive Industries Ltd hit 20 per cent upper circuit to Rs 307 per share from its previous closing of Rs 255.85. The stock also traded at a new 52-week high of Rs 307 per share with a spurt in volume by more than 3.41 times on BSE.

Responsive Industries Limited (RIL) informed that building upon its recent triumph with the Vande Bharat project, Responsive Industries Limited is pleased to announce yet another landmark achievement: a distinguished contract with Indian Railways for the iconic Garib Rath initiative.

This harmonious convergence with two of the nation’s most prestigious rail projects underscores the company’s unparalleled expertise and commitment to quality. Each association, be it Vande Bharat or Garib Rath, resonates with the company’s vision of marrying innovation with the broader ambitions of India’s Rail connectivity.

About Responsive Industries Limited: Responsive Industries Limited has consistently showcased excellence in its domain. The company’s commitment to quality and innovation has cemented its role in significant projects across India, and the association with the Vande Bharat project further underscores its dedication to the nation’s infrastructural advancements. The company was incorporated in 1982 and also is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products.

According to the financials, RIL has a market cap of over Rs 8,000 crore with a 3-year stock price CAGR of 45 per cent. In its Quarterly Results, the net sales increased by 15.85 per cent to Rs 263 crore and net profit skyrocketed by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The company reported positive numbers in its annual results (FY23) and has been maintaining a healthy dividend payout of 1,256 per cent

The stock gave multibagger returns of 150 per cent in just 6 months. From Rs 0.11 per share to Rs 307 per share, the stock gave multibagger returns of 2,79,000 per cent in the span of 18 years. Investors should keep an eye on this Small-Cap stock.

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