Back-to-back upper circuits: This multibagger recreational stock delivered stellar returns of 92.04 per cent in just one month!

The shares of this company made a fresh 52-week high for the fourth time in the last four days!  

The shares of this company made a fresh 52-week high for the fourth time in the last four days!  

 The shares of ImagicaaWorld Entertainment were simultaneously locked in the 5 per cent at Rs 38.70 a piece on August 25, 2022.   

This multibagger stock has been hitting back-to-back upper circuits on the bourses, and has been simultaneously making a fresh 52-week high on the bourses since August 19!

The company declared its annual results on August 19, 2022, wherein, it informed that it will appoint and officiate new management at its annual general meeting (AGM), scheduled on September 15, 2022.  

According to the annual report, Rajesh Malpani (Chairman of Malpani Group) will take over as the Chairman of the company whereas the Managing Director’s role will be given to Jai Malpani. Manish Malpani will also act as Non-Executive Director on the company’s board.  

Malpani Group is a six-decade-old conglomerate, which has massive business ventures into the verticals of real estate, FMCG, resorts, hotels, recreational parks & education, and clean energy.  

The group already owns two amusement parks under the brand name - ‘Wet n Joy’ in Shirdi and Lonavala. The administration of Imagicaaworld will help in the expansion of the group’s business.   

The company’s market capitalisation has increased by almost 10 per cent in just three days and now stands at Rs 1,510 crore.  

The stock of the company soared 83 per cent in just a month and continues its upward movement on the bourses, coupled with high turnover. 

Situated in Khalapur (Maharashtra), Imagicaa World is a theme park offering fun, action, entertainment, dining, and shopping at a single location. It is also engaged in the business of tickets, merchandise, food & beverages.    

Meanwhile, the company also recently announced its Quarterly Results for Q1FY23 wherein, its net sales soared 4,466.34 per cent to Rs 88.86 crore as compared to Rs 1.95 crore in Q1FY22. The company has also converted its net loss of Rs 74.63 crore in Q1FY22 to a net profit of Rs 532.27 crore in Q1FY23.    

The scrip has surged by almost 92.04  per cent in a  month and has generated returns of  379 per cent in a period of one year!     

Imagicaaworld Entertainment is currently trading at Rs 38.70 per share on BSE.       

Watch out for this Multi-bagger stock in the upcoming trading sessions!