Multibagger penny stock under Rs 70 with 950 per cent returns: The micro-cap company is expanding into railway rake handling and transportation!
The stock gave multibagger returns of 650 per cent in 2 years and 970 per cent in 3 years.
Shreeji Translogistics Limited (STL) one of the large integrated national logistical solution providers in India, has started a new business vertical of steel material handling at railway siding for its esteemed clients which is also referred to as railway rake handling and transportation.
This service will involve handling steel materials at railway sidings and optimizing the loading process onto trailers and trucks for last-mile delivery across India. This expansion will help STL's customers achieve cost efficiency through multi-modal transportation and ensure seamless, secure and timely delivery of goods.
On Thursday, shares of Shreeji Translogistics Ltd surged 2.7 per cent to an intraday high of Rs 65 per share. At the closing bell, shares of the company were trading at Rs 64.19, up 1.14 per cent.
According to the financials, the company has a market cap of 332 crore and has delivered good profit growth of 25.8 per cent CAGR over the last 5 years. The company's Quarterly Results for Q1FY24 show strong growth across all key financial metrics. Revenue from operations grew by 27.63 per cent to Rs 59.40 crore, EBITDA grew by 34.17 per cent to Rs 7 crore, and PAT grew by 54.82 per cent to Rs 4.09 crore, all compared to the same period in the previous financial year.
Earlier, the company announced a stock split wherein it will be converting equity shares with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each with the record date set as Wednesday, February 15, 2023. The company has a market cap of Rs 339 crore with a 5-year CAGR of 48 per cent.
The stock gave multibagger returns of 650 per cent in 2 years and 970 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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