From Rs 4.17 to Rs 242.25 per share: Watch out for this multibagger NBFC stock that was locked in 5 per cent upper circuit on February 02
The stock gave multibagger returns of 491 per cent in just 1 year whereas BSE Small-Cap Index is up by 65 per cent.
The India 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 242.75 per share from its previous closing of Rs 230.75. The stock also made a fresh 52-week high of Rs 242.25 while its 52-week low is Rs 34.19 per share. The stock gave multibagger returns of 491 per cent in just 1 year whereas BSE Small-Cap Index is up by 65 per cent.
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.
From Rs 4.17 per share to Rs 242.25 per share, the stock gave multibagger returns of 5,700 per cent in 3 years. In the past three years, the company has implemented three corporate actions: a final dividend of Rs 0.2 per share on September 2nd, 2022, a 2:1 stock split on April 13th, 2023, and a 2:1 bonus share issuance on July 2nd, 2023. These actions have increased the number of outstanding shares and potentially impacted the company's stock price and financial ratios.
Do you own shares of Mufin Green Finance Limited in your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.