Multibagger from its 52-week low: This small-cap company secures orders from Indian Railways for the ‘Vande Bharat’ Project!
From Rs 0.11 per share to Rs 247.95 per share, the stock gave multibagger returns of 2,25,309 per cent in the span of 18 years.
Responsive Industries Limited (RIL) announced its recent achievement in securing pivotal orders from the Indian Railways for the esteemed Vande Bharat project. Since the project’s design and inception, Responsive Industries Limited has been in close collaboration with the Integral Coach Factory (ICF) and the broader Indian Railways community, emphasizing the delivery of premier quality solutions. This ensures that the Vande Bharat trains stand as benchmarks in modern rail transport.
About Responsive Industries Limited: Responsive Industries Limited has consistently showcased excellence in its domain. The company’s commitment to quality and innovation has cemented its role in significant projects across India, and the association with the Vande Bharat project further underscores its dedication to the nation’s infrastructural advancements. The company was incorporated in 1982 and also is a leading India-based manufacturer of polyvinyl chloride (PVC)-based products.
On Tuesday, shares of Responsive Industries surged 0.77 per cent to Rs 241.95 per share from its previous closing of Rs 240.10. The stock’s intraday high is Rs 247.95 and an intraday low of Rs 101.
According to the financials, RIL has a market cap of over Rs 6,400 crore with a 3-year stock price CAGR of 34 per cent. In its Quarterly Results, the net sales increased by 15.85 per cent to Rs 263 crore and net profit skyrocketed by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The company reported positive numbers in its annual results (FY23) and has been maintaining a healthy dividend payout of 1,256 per cent
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The stock gave multibagger returns of 145.50 per cent from its 52-week low of Rs 101 per share. From Rs 0.11 per share to Rs 247.95 per share, the stock gave multibagger returns of 2,25,309 per cent in the span of 18 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.