From SME to Mainboard: This small-cap multibagger stock skyrocketed 1,300 per cent returns in just 3 years!

The shares of the company saw a spurt in volume by more than 2.07 times on BSE.

On Monday, at the closing bell, the Indian indices ended the day in the red, BSE Sensex Index down 0.34 per cent at 63,168.30. The shares of Sindhu Trade Links Limited traded at Rs 23.73 per share, up 3.35 per cent with an intraday high of Rs 23.92 and an intraday low of Rs 22.20.

Sindhu Trade Links Limited has announced that the company has received approval from the National Stock Exchange (NSE) of India to get listing (Mainboard) for its shares. (NSE Listing Date: Tuesday, June 20, 2023; NSE Symbol: SINDHUTRAD) 

Commenting on the development, Rudra Sen Sindhu, chairman, of Sindhu Trade Links, said, "I am very happy that as an investor-friendly measure, the company has got its equity shares listed on NSE, which eventually creates greater visibility and further increases its reach. Increasing presence is of great deal to the company as there can be more and more investor interactions and involvement."

Additionally, in terms of Company Management’s decision to reduce Debts, it has reduced its secured bank/NBFCs by Rs. 74.34 crore from Rs 173.50 crore to Rs 99.16 crore and the current outstanding secured Bank/NBFCs-debt has reached below Rs 100 crore.

Sindhu Trade Links Ltd is primarily engaged in transportation logistics and support services. The company through its subsidiaries is also engaged in diversified businesses like media, overseas coal mining, biomass-based power generation etc. 

The company has a market cap of Rs 3,659 crore with a CAGR of 50 per cent in 5 years. The shares of the company saw a spurt in volume by more than 2.07 times on BSE.

The stock gave multibagger returns of 1,300 per cent in just 3 years. Investors should keep an eye on this small-cap stock.