Dolly Khanna gains Rs 39,00,673 from this multibagger penny stock in just 1 day; scrip hit upper circuit & 52-week high!

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 32.99 per share and a whopping 330 per cent in 3 years.

Indian markets painted the town green today, with the Sensex inching up 0.04 per cent to settle at 72,271.94. Energy and telecom stocks fuelled the rally, leading the charge as Top Gainers. Meanwhile, auto and banking sectors sputtered, dragging down the broader market and emerging as the day's Top Losers.

Along with the market in green, one multibagger penny stock was shining on the exchange. The stock was locked in a 20 per cent upper circuit to Rs 67.44 per share from its previous closing of Rs 56.20. The stock also made a new 52-week high of Rs 67.44. The shares of the company saw a spurt in volume by more than 23 times on BSE.

Revealing the name of a sugar stock is like unwrapping a sweet surprise. The stock name is RAJSHREE SUGARS & CHEMICALS LTD.

An ace investor, Dolly Khanna owns 3,47,035 shares or 1.05 per stake in the company. As of the closing price, the stock is up by 11.24 points or 20 per cent upper circuit.

Therefore, 3,47,035 shares x Rs 11.24 per share = Rs 39,00,673.4 in just 1 day.

Rajshree Sugars & Chemicals Limited (RSCL) is one of the leading integrated sugar companies in India, masters not just sugar, but also distilleries, power, and even biofuel. Their 3 cutting-edge biorefineries in Tamil Nadu, crushing 40,000 tons of sugarcane daily, solidify their reign as a top integrated sugar player. In the September quarter (Q2FY24), Foreign Institutional Investors (FIIs) bought 11,006 shares or 0.03 per cent stake in the company.

Quarterly Results: The net sales increased by 15.1 per cent to Rs 213 crore and net profit skyrocketed 7,147 per cent to Rs 17.18 crore in Q2FY24 compared to Q2FY23.

Annual Results: The net sales increased by 64 per cent to Rs 766.92 crore in FY23 compared to FY22. The company reported a net profit of Rs 8.97 crore in FY23 compared to a net loss of Rs 3.18 crore in FY22.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 32.99 per share and a whopping 330 per cent in 3 years.

Do you own Rajshree Sugars & Chemicals Limited’s stock in your portfolio? Do let us know in the comments below

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