From Rs 1,00,000 to Rs 54,27,095 in just 3 years: Multibagger small-cap NBFC stock hit upper circuit and fresh 52-week high on January 29

The stock gave multibagger returns of 406 per cent in just 1 year and a whopping 5,327 per cent in 3 years.

The stock market was trading in green with BSE Sensex Index and NSE Nifty-50 Index both gaining over 1.50 per cent each. On the broader market, the BSE Mid-Cap Index and BSE Small-Cap Index both gained over 1 per cent each.

Along with the market in green, shares of Mufin Green Finance Ltd hit 5 per cent upper circuit Rs 219.25 per share from its previous closing of Rs 208.85. The stock also made a fresh 52-week high of Rs 219.25 while its 52-week low is Rs 34.19 with a spurt in volume by more than 1.2 times on BSE. The stock gave multibagger returns of 406 per cent in just 1 year and a whopping 5,327 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Mufin Green Finance Limited operates as an investment firm. The company offers investment advisory, asset management, capital preservation, and financial planning services. The company has a market capitalization of over Rs 3,300 crore and has delivered good profit growth of 141 per cent CAGR over the last 5 years.

Quarterly Results: The net sales increased by 221 per cent to Rs 21.13 crore, operating profit increased by 296 per cent to Rs 14.27 crore and net profit increased by 98 per cent to Rs 4.01 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 254 per cent to Rs 38.65 crore, operating profit increased by 351 per cent to Rs 25.29 crore and net profit increased by 135 per cent to Rs 7.46 crore in H1FY24 compared to H1FY23.

Earlier, Mufin Green Finance and battery expert UrjaMobility joined forces to electrify India's streets, commencing with long-lasting rickshaw batteries and integrating them with financial platforms for enhanced monitoring and management. This technological advancement not only benefits the rapidly growing E-rickshaw sector but also aids the environment and the 5 million gig-workers engaged in last-mile delivery, courtesy of Urja's cost-effective leasing approach addressing the prohibitive expense of battery replacements. With an initial goal of deploying 10,000 batteries, they lay the groundwork for a future where all two-wheeled vehicles, including delivery bikes, operate smoothly on electric propulsion.

If an investor had put Rs 1,00,002 into this small-cap NBFC stock three years ago, buying a total of 24,753 shares at Rs 4.04 per share, their investment would now be worth Rs 54,27,095, based on today's intraday high of Rs 219.25 per share.

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