DSIJ Mindshare

Heavy buying: Back-to-back upper circuit in this multibagger penny stock under Rs 20; scrip up by 245 per cent in just 1 year!

The stock is up by 46.26 per cent in just 6 months and gave multibagger returns of over 245 per cent in 1 year.

Kiran Shroff 0 18081 Article rating: 3.8

Talking about the financials, the company has a market cap of over Rs 400 crore. The net sales increased by 160 per cent to Rs 30.98 crore and net profit increased by 346 per cent to Rs 8.88 crore in Q4FY23 compared to Q4FY22. The net sales increased by 69.60 per cent to Rs 58.22 crore and net profit increased by 152 per cent to Rs 6.28 crore in FY23 compared to FY22.

Rs 10,938 crore order book: This multibagger telecom manufacturing company wins a Rs 250 crore deal for a public sector entity!

The stock gave multibagger returns of over 880 per cent in 1 decade.

Kiran Shroff 1 23568 Article rating: 4.0

As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital. The shares of the company saw a spurt in volume by more than 2.22 times on BSE.

Market Wrap: Benchmark indices close on a higher note with Nifty among the top gainers!

On August 3, foreign institutional investors (FII) offloaded shares worth Rs 317.46 crore, while domestic institutional investors (DII) bought shares worth Rs 1,729.19 crore.

Siddharth Mane 0 1262 Article rating: 4.0

The GIFT Nifty futures are signaling a slightly positive opening for the benchmark indices, with an increase of 33 points. This comes after Nifty experienced a decline of 144 points, closing at 19,381 points on August 3. The GIFT Nifty futures are currently at 19,489 points.

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