Multibagger Alert: This stock has rocketed around 300 per cent in a year!

An investment of Rs 1 lakh in this stock last year would have turned to Rs 3.81 lakh today!

KPR Mill Ltd, a textile company with business interests spanning across Yarn, Fabrics, Garments and White Crystal Sugar, has turned into a multibagger stock by giving exceptional returns in the last 1 year.  

Its share price has jumped from Rs 185.23 on February 4, 2021, to Rs 707.30 on February 3, 2022, a rally of more than 280 per cent!  

The company has highly automated business operations and access to cutting-edge technology equipment and tools. Its textile portfolio comprises a diverse range of yarns, fabric and garments and exports to 60 countries across the globe. With the commissioning of a new 42 million garments production capacity at Chengapally, Tamil Nadu in November 2021, the company’s total garment manufacturing capacity has shot up to 157 million garments per annum.   

Also, for making use of captive consumption and bringing down the power costs, the company has made some strategic investments in Wind Power Projects and Co-gen plants. Furthermore, it is expanding the sugar, Co-gen and ethanol production capacity with 10,000 TCD, 47 MW and 230 KLPD, respectively.   

At 11.48 am, the share price of KPR Mill Ltd was trading at Rs 713.80, an increase of 0.92 per cent from the previous day’s closing price of Rs 707.30 on BSE.