Multibagger Alert: This Pune-based company hits new lifetime highs on two consecutive trading sessions this week

In the last three years the stock has given exponential returns of 800 per cent.

The week has been interesting for Indrayani Biotech Ltd, a floriculture-based company wherein its shares stock has climbed to its new high in two consecutive sessions this week and continues to witness positive momentum. 

On July 27, shares of Indrayani Biotech climbed to a new lifetime high of Rs 52.55 apiece levels on BSE, outdoing its previous high of Rs 50.05 on July 26. The stock witnessed some profit booking after touching its all-time high and closed lower at Rs 49.30. Previous recorded 52-week high and low stand at Rs 49.50 and Rs 11.30. 

In today’s session, the stock opened upside and traded in positive territory closing 2.64 per cent higher than the previous close. 

This Pune-based  stock has given mind-boggling returns in the last 3 years, as such, the share price has given simple returns of 109 per cent, 300 per cent, 516 per cent and 800 per cent in the last 6 months, 1 year, 2 years and 3 years, respectively. 

In the same period, BSE Sensex had given simple returns of (2.55) per cent, 6.16 per cent, 47 per cent and 47.3 per cent, respectively while S&P BSE Smallcap has gained (7.4) in 6 months, flat in last one year and 100 per cent in 3 years. 

Indrayani Biotech is into floriculture and is engaged in the cultivation of cut flowers, plantlets and seeds. The company also markets and distributes hybrid vegetable seeds manufactured by Hoechst India. The company is also venturing into Engineering and Healthcare. 

FY22 saw a turnaround for the company as revenue more than doubled from Rs 21 crore to Rs 58 crore. The company reported a net profit of Rs 4.22 crore against a net loss of Rs (10.89 )crore last year.