An investment of Rs 1 lakh in this multibagger stock skyrocketed to Rs 25 lakh in just one year! Is it yours?
It has gained about 924 per cent in the last six months while its shareholders enjoyed returns of 140 per cent in just one month!
The Indian benchmark indices opened with a sharp decline as many analysts had predicted, mirroring the dip in the global markets. Despite the market downturn, the shares of Ambar Protein Industries surged, achieving an all-time high of Rs 303.65 per share on BSE after being locked in the 5 per cent upper circuit.
By hitting back-to-back upper circuits for months, the stock has soared more than 2,400 per cent in just one year, implying that an investment of Rs 1 lakh made in this stock a year ago, would now be worth over Rs 25 lakh! It has gained about 924 per cent in the last six months while its shareholders enjoyed returns of 140 per cent in just one month!
Comparing the net profit for the first quarter of FY23 to the same quarter last year, it increased significantly by 74.03 per cent from Rs 0.77 crore to Rs 1.34 crore. The company had strong profitability per unit of the total capital with a return on equity (RoE) of 23-25 per cent and a return on capital employed (RoCE) of 16-18 per cent.
The company is worth Rs 174.60 crore on the market. Promoters owned 74.97 per cent of the company while the non-institutional investors held a sizeable 25.03 per cent position.
Ambar Protein Industries was founded in 1992 in Ahmedabad to offer premium edible oil to the consumers of Gujarat under the brand name ‘Ankur’. The company offers refined cottonseed, sunflower, soyabean, and corn oil.
Keep a close eye on this scrip for the upcoming sessions!