Multibagger below Rs 50: Shares of this consumer goods company soared 810 per cent in just one year! Do you own it?
The stock witnessed an almost tenfold increase in its volume. The price-volume breakout is grabbing investors' attention.
The shares of Swiss Military Consumer Goods got locked in a 20 per cent upper circuit during Tuesday’s trading session. It hit a 52-week high of Rs 27.75 per share on BSE and also managed to close 11 per cent higher on an intraday basis. The stock witnessed an almost tenfold increase in its volume. This price-volume breakout is grabbing investors' attention.
While its shareholders earned exceptional profits of 810 per cent in just one year, the stock has surged almost 50 per cent in the past five sessions!
Taking into account the company's financial performance on a standalone basis, it reported a growth of 214.09 per cent from Rs 7.38 crore registered in Q1FY22, recording a total revenue of Rs 23.18 crore in Q1FY23. It has reported strong EBITDA growth of 729 per cent.
Comparing the net profit for the first quarter of FY23 to the same quarter last year, it increased significantly by 650 per cent from Rs 0.18 crore to Rs 1.35 crore. Zero debt along with decent RoE and RoCE, which show high efficiency, are the company's key growth drivers.
Incorporated in 1989, Swiss Military Consumer Goods trades & markets a variety of lifestyle products, including baggage, sunglasses, protective masks, leather accessories, and electronic devices. The men's personal range and home appliances range are the newest additions to Swiss Military portfolio.
Keep a close eye on this scrip for the upcoming sessions!