Multibagger stock below Rs 25: Watch out for this small-cap stock which hit upper circuit on May 05

The stock gave multibagger returns of 680.83 per cent in just 1 year.

One of the Top Gainers on BSE today, shares of Captain Pipes Ltd surged 5 per cent upper circuit to Rs 20.39 per share from its previous closing of Rs 19.42. The stock gave multibagger returns of 680.83 per cent in just 1 year. 

Captain Pipes Ltd informed the stock exchange that the meeting of the Board of Directors of the company is scheduled to be held on Tuesday, 09 May, 2023 to consider and approve the standalone audited financial results for the half year and year ended on March 31, 2023. 

Previously, traded ex-bonus shares in the ratio 2:1 and ex-stock split in the ratio 1:10 held by the company's equity shareholders as of the record date. The company had the record date as Thursday, March 02, 2023.   

DSIJ offers a product 'Multibagger Pick" with recommendations for multi-bagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here

Captain Pipes Ltd is a Small-Cap stock having a market cap of over Rs 250 crore. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and agri fittings. Captain Pipes serves customers in India. 

In terms of annual financial statements, the company reported excellent results. In comparison to FY21, the net sales and net profit skyrocketed to 104.46 per cent and 1759.78 per cent respectively in FY22. The company has a market cap of Rs 312 crore with a one-year CAGR of 602 per cent.  

The stock has a 52-week high of Rs 26.07 and a 52-week low of Rs 2.38. Investors should keep an eye on this small-cap stock.