Shares of this real estate company have given 10x returns in two years; do you hold it?

Rs 1 lakh invested in this small-cap realty stock two years ago would now become Rs 10 lakh.

Shares of Pune-based realty company have delivered an exponential return to its investors in the last two years, as the scrip has surged a whopping 1051 per cent in the said period. In 2020, shares of the company were Rs 18.50 and today it is quoting Rs 231. The stock logged a 52-week high on October 12 this week at Rs 316.80 while it has a 52-week low at Rs 70.

Incorporated in 2008, Suratwwala Business Group Ltd is a real estate development company primarily focusing on the development of residential and commercial projects in the Pune district. Its business activities comprise the development and sale of residential as well as commercial properties (the Development Business) and the maintenance of the properties developed by it (the Maintenance Business). Shares of this BSE ‘M’ Group stock command a market capitalisation of Rs 458 and is currently trading at a P/E multiple of 32. 

 The multibagger stock has defied the frontline index S&P BSE Sensex which has given negative returns of 4.90% in the last one years, as compared to Suratwwala Business Group which has zoomed by 204%. 

 The company will announce its Q2 results on October 21. In today’s session, the shares of Suratwwala Business Group are quoting Rs 213 up 0.24 per cent with an intraday high and low of Rs 223 and Rs 211.70.

Suratwwala Business Group was listed under the BSE SME platform and now has been moved to BSE ‘M’ Group.