Multibagger update: With returns of 654 per cent in just one year, this company's shares are trading at an all-time high!

Comparing Q4FY22's net profit of Rs 6.09 crore to Q4FY21's net profit of Rs 0.06 crore, there was a tremendous increase of 10,050 per cent.

In the wake of gloomy global cues, the Indian domestic indices opened Monday's trading session in the red. Almost all the sectors were trading lower with auto and energy being the two hardest affected on BSE.  

Sonal Adhesives witnessed only buyers despite the lacklustre market conditions as the stock hit a 5 per cent upper circuit and reached an all-time high on BSE at Rs 50.70 per share. This stock has been a multi-bagger and is trading in the upper circuit for several trading sessions. Its stock price has surged 654 per cent in just one year! It gained 417 per cent year-to-date while providing investors with returns of 160 per cent in just one month!   

A 228.54 per cent increase from Rs 6.13 crore reported in Q4FY21 was seen in the company's net sales and other operating income, which came to Rs 20.14 crore. The operational profit, however, surged from Rs 0.61 crore in Q4FY21 to Rs 8.62 crore in Q4FY22. Comparing Q4FY22's net profit of Rs 6.09 crore to Q4FY21's net profit of Rs 0.06 crore, there was a tremendous increase of 10,050 per cent.  

Incorporated in 1992, Sonal Adhesives Ltd manufactures speciality adhesive tapes, emulsion, and plastic ropes. Keep a close eye on this stock as it can provide exceptional gains in the future.