DSIJ Mindshare

Shares rose from Rs 61.05 to Rs 124.25 in just one year, giving investors a multibagger return.

Shares of this company have gained more than 30 per cent in the last six months.

The company has accorded ‘in-principle’ approval to carry out pre-project activities including the preparation of a detailed feasibility report for setting up Paradip Petrochemical Complex at Paradip, Odisha at an estimated project cost of Rs 61,077 crore.

The company has a market cap of over Rs 23,000 crore and reported positive numbers in its quarterly results and annual results. The stock is up by 50 per cent in 1 year and gave multibagger returns of over 110 per cent in the span of 2 years.

According to the financials, the net sales increased by 448.64 per cent to Rs 115.50 crore in Q4FY23 over Q4FY22. The company reported a net profit of Rs 2.77 crore in Q4FY23 compared to a net loss of Rs 2.30 crore in Q4FY22. The stock gave multibagger returns of over 140 per cent in just 3 years.