Vijay Kedia gains Rs 37,15,64,794 from this multibagger micro-cap stock: Scrip rocketed 16.9 per cent on stellar results; PAT zooms over 100 per cent

The stock gave multibagger returns of 130 per cent in just 1 year and a whopping 472 per cent in 3 years.

On Monday, shares of Innovators Facade Systems Ltd surged 16.9 per cent to an intraday high of Rs 223.95 per share from its previous closing of Rs 191.60. The stock’s 52-week high is Rs 288.5 and its 52-week low is Rs 82. The shares of the company saw a spurt in volume by more than 10 times on BSE.

Innovators Facade Systems Limited operates as a building finishing contractor. The company offers facade design, fabrication, and installation services. Innovators Facade Systems serves residential and commercial sectors in India.

The company has a market cap of Rs 365 crore and debtor days have improved from 109 to 69.5 days. According to half-yearly results, net sales increased by 14.4 per cent to Rs 114.76 crore and net profit increased by 102.2 per cent to Rs 10.21 crore in H2FY24 compared to H1FY24. In FY24, net sales increased by 18.7 per cent to Rs 215.11 and net profit increased by 81.2 per cent to Rs 15.26 crore compared to FY23.

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An ace investor, Vijay Kedia owns 20,10,632 shares or a 10.66 per cent stake in this company. His investment gave him multibagger returns of 472 per cent in just 3 years (up by 184.8 points). Therefore, he gained Rs 37,15,64,794 from this multibagger stock in just 3 years (20,10,632 shares x Rs 184.8 per share).

The stock gave multibagger returns of 130 per cent in just 1 year and a whopping 472 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

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