DSIJ Mindshare

This stock has generated multibagger returns of 197.24 per cent in last 3 years. The company has been maintaining a healthy dividend payout of 26 per cent. Company is almost debt free.

In Q2FY24, the company achieved the highest finished production for the quarter totalling 40,649 metric tons. The upgradation of the paper machine led to an increase in its capacity from 30 tons to 50 tons per day.

Company expanding its reefer business and aiming to increase its warehousing capacity. They have entered into a joint venture with Sunil Transport for liquid logistics and also planning to introduce electric vehicles in their fleet in the future.

On Thursday, shares of Lagnam Spintex plunged 0.56 per cent to Rs 56.60 per share with an intraday high of Rs 58 and an intraday low of Rs 55.85. Talking about finances, Lagnam Spintex has a market cap of Rs 101 crore. The company has reported positive numbers in its quarterly results and annual results.

The stock gave multibagger returns of 110 per cent in just 3 years with a PE of 20.06x whereas the sectoral PE is 35.5x.