6:11 Bonus Issue & 10:1 Stock Split: This Multibagger Stock Under Rs 25 Rallied and Hits Upper Circuit on Friday; Stock Gains Around 6000 per cent!
The company’s shares have delivered an impressive return of over 50 per cent in just 1 Year.
Incorporated in 2007, Lorenzini Apparels Ltd manufactures, designs, and markets ready-made garments. LPL is engaged in the manufacturing, designing, and marketing of ready-made garments, offering a range of formal, semi-formal, and casual wear for men and women. Its garment manufacturing process includes cutting, stitching, sewing, finishing, inspection, and packing. Additionally, it outsources garment manufacturing to third-party contractors.
On Friday's trading session, the share of Lorenzini Apparels Ltd opened at Rs 21.70 per share, compared to the previous day's closing figure of Rs 21.66 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 370.73 crore, and the stock has generated an impressive multibagger return of around 5966 per cent in just 3 years.
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As per the Quarterly Results, in the fourth quarter of FY24, Lorenzini Apparels Ltd recorded a revenue of Rs 9.97 crore. The operating profit for Q4 FY24 stood at Rs 1.99 crore. The net profit for Q4 FY24 was Rs 0.32 crore. Looking at the annual performance, the company generated a revenue of Rs 54.76 crore in FY24, compared to Rs 43.76 crore in FY23. The operating profit for FY24 was Rs 10 crore, with a net profit of Rs 5.30 crore.
Regarding the shareholding pattern, the promoters own 62.91 per cent of the company and the public or retail investors hold 37.08 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.