Penny Stock under Rs 15: Turnaround Story, Company's PAT soars by 2,300 per cent stock hits back-to-back upper circuit no seller is ready to sell the shares!
The company's shares have delivered a return of over 360 to their shareholders in the past 1 year.
RattanIndia Power Limited is one of India’s largest private power generation companies. The company's stock has been hitting back-to-back upper circuits for the last six days. It has also announced its Quarterly Results as well as its annual performance.
On Thursday, the company's stock rallied 5 per cent hitting an upper circuit on the BSE and currently, it is at around Rs 14.52 per share, with a market capitalisation of Rs 7,797 crore. Additionally, the stock has delivered a multibagger return of around 363.90 per cent in the past one year. In the past five years, the company’s stock has yielded a remarkable return of 523 per cent.
As per quarterly results in Q4 FY24 RattanIndia Power Limited reported revenue of Rs 913.96 crore, representing a year-on-year growth of 1.50 per cent from Rs 900.58 crore in the same quarter last year. The company posted an operating profit of Rs 206 crore, compared to a profit of Rs 197 crore in the same quarter last year. The company’s net profit stood at Rs 10,666 crore in Q4 FY24 representing a gain of 2,300 per cent compared to a loss of Rs 483 crore in Q4 FY23.
In March 2024, the promoters' stake stood at 44.06 per cent while FIIs held 2.04 per cent which increased from 0.76 per cent. DIIs stake stood at around 6.61 per cent as per the recent update.
RattanIndia Power Limited is one of India’s largest private power generation companies, with thermal power plants at Amravati and Nashik in Maharashtra. The power plants are spread over an area of 2,400 acres. The company counts marquee funds like Goldman Sachs and VardePartners, USA as investors in the business. The Group has created a world-class power generation asset with a deep focus on execution using best-in-class equipment and technology.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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