Multibagger Alert: Shares of this manufacturing company soared 1,767 per cent in just two years! Do you own this stock?
This multi-bagger stock has surged 135 per cent on a YTD basis and generated returns of 1,767 per cent in just two years! This means Rs 1 lakh invested in 2020 would have amounted to Rs 18.67 lakh today!!
The shares of this company have made a fresh 52-week high at Rs 192.80 piece on September 16 (Friday).
The stock has been hitting back-to-back upper circuits for a week and got locked in the 5 per cent upper circuit on Friday as well.
With a market capitalisation of Rs 107 crore, the shares of Gujarat Containers Ltd have soared 90.66 per cent in just one month!
Gujarat Containers Ltd is primarily engaged in the manufacturing of a variety of specialised barrels used for storing chemicals, dyestuffs, etc. The company offers products like galvanised barrels, epoxy barrels, composite barrels, all-side welded barrels, open-top barrels, MS Plain barrels, NRV barrels, carboys & liners, GP sheet barrels, HMHDPE barrels & jerry cans.
The barrels manufactured are used for storing chemicals, dyestuffs, pharmaceuticals, resins, petrochemicals, and petroleum as well as its by-products.
The company recently announced its Quarterly Results for Q1FY23 wherein, its net sales jumped 20.69 per cent to Rs 41.96 crore as compared to Rs 34.76 crore in Q1FY22. The company has also reported an increase of 117.11 per cent in its operating profit at Rs 6.39 crore in Q1FY23 compared to the operating profit of Rs 2.95 crore in Q1FY22. The net profit has also improved and stood at Rs 4.12 crore in Q1FY23 vis-a-vis the net profit of Rs 1.33 crore for the same period last year, recording a phenomenal increase of 210.02 per cent.
Gujarat Containers is trying to expand its manufacturing facilities, increase its clientele base and stabilise the quality of the products manufactured along with minimising its administrative & operational costs, which is quite evident from its operating profit in the quarter.
This multibagger-pick ">Multi-bagger stock has surged 135 per cent on a YTD basis and generated returns of 1,767 per cent in just two years! This means Rs 1 lakh invested in 2020 would have amounted to Rs 18.67 lakh today!!
Its promoters own 59.76 per cent of the total shareholding while 40.24 per cent of the shareholding is held by the public.
The scrip of the company closed at Rs 189.90 per share on BSE on Friday.
Watch out for this multibagger stock in the upcoming trading sessions!