DSIJ Mindshare

On Friday, Indian equity markets ended on a positive note

The stock is up by 6.26 per cent in 5 days, up 12 per cent in 1 month, down 12 per cent in 6 months, down 5 per cent in 1 year and generated multibagger returns of over 173 per cent in 3 years.

The company reported positive numbers in its quarterly results and annual results. The promoters have increased their stake in Q4.   

The start to the earning season was not a pleasant one as IT bellwether TCS and Infosys disappointed the street with their earnings, however, as the earning season picked its pace, some of the bright spots have emerged especially in the Smallcap segment. 

The stock has a ROE of 42.05 per cent and a ROCE of 51.3 per cent and generated multibagger returns of 133.90 per cent in just 3 years.