Ram Mandir Opening: This micro-cap multibagger stock to benefit as the company has big plans lined up; check if you hold it?

If I ask you a simple question what drives the stock prices, what would be the first thing comes to mind- many would say earnings and some would say sentiments related to stock etc.  However, we need to understand that earnings and sentiments both are by products of tailwind that the stock enjoys or the concreate plan it has.

Today, we are going to talk about one special multibagger micro-cap stock as it has delivered jaw dropping return of 194.19 per cent in the last three years and the stock is trading up by nearly 19 per cent in the last one month.

The stock name is Apollo Sindoori Hotels, company is engaged in the business of managing food outlets at hospitals and reputed organisations. The company also undertakes outdoor catering services, skilled manpower to hospitals.

In an interesting development, the company is exploring new business and where it is exploring the new business at the spiritual land of Ayodhya. One of the biggest temples to be built in India. The project of Ram Mandir at Ayodhya is about to completed and expected to be inaugurated by January 2024. Tedhi Bazar – a multi-level parking facility in Ayodhya that can accommodate all visitors’ vehicles. The structure spans over 3,000 square meters, with a rooftop area exclusively for restaurants, capable of accommodating more than 1,000 devotees at once. 

Apart from this company is trying and exploring AIIMS Rajkot is a 750-bed hospital with an average occupancy of 500. Also, there is a huge list future business projects such as Azim Premji University, Bangalore, Lovely Professional University, Jalandhar etc.

Company reported a jump in revenue by 32 per cent YoY to Rs 268 crore in FY23. EBITDA for the FY2022 – 23 stood at Rs.23.79 Crores compared to Rs.16.58 Crores for FY2021 – 22 and PBT for FY2022 – 23 is Rs.16.56 crores against Rs.12.79 Crores for FY2021 – 22.

Keep this stock on your radar.

Disclaimer: This article is for informational purposes only and not investment advice.