From Rs 4.17 to Rs 242.25 per share: Watch out for this multibagger NBFC stock that was locked in 5 per cent upper circuit on February 02
The stock gave multibagger returns of 491 per cent in just 1 year whereas BSE Small-Cap Index is up by 65 per cent.
The India stock market was trading in green with BSE Sensex Index and NSE Nifty-50 Index both gaining over 1.50 per cent each. On the broader market, the BSE Mid-Cap Index and BSE Small-Cap Index both gained over 1 per cent each.
Along with the market in green, shares of Mufin Green Finance Ltd hit 5 per cent upper circuit Rs 242.75 per share from its previous closing of Rs 230.75. The stock also made a fresh 52-week high of Rs 242.25 while its 52-week low is Rs 34.19 per share. The stock gave multibagger returns of 491 per cent in just 1 year whereas BSE Small-Cap Index is up by 65 per cent.
Mufin Green Finance Limited operates as an investment firm. The company offers investment advisory, asset management, capital preservation, and financial planning services. The company has a market capitalization of over Rs 3,300 crore and has delivered good profit growth of 141 per cent CAGR over the last 5 years.
Quarterly Results: The net sales increased by 221 per cent to Rs 21.13 crore, operating profit increased by 296 per cent to Rs 14.27 crore and net profit increased by 98 per cent to Rs 4.01 crore in Q2FY24 compared to Q2FY23.
Half-yearly Results: The net sales increased by 254 per cent to Rs 38.65 crore, operating profit increased by 351 per cent to Rs 25.29 crore and net profit increased by 135 per cent to Rs 7.46 crore in H1FY24 compared to H1FY23.
From Rs 4.17 per share to Rs 242.25 per share, the stock gave multibagger returns of 5,700 per cent in 3 years. In the past three years, the company has implemented three corporate actions: a final dividend of Rs 0.2 per share on September 2nd, 2022, a 2:1 stock split on April 13th, 2023, and a 2:1 bonus share issuance on July 2nd, 2023. These actions have increased the number of outstanding shares and potentially impacted the company's stock price and financial ratios.
Do you own shares of Mufin Green Finance Limited in your portfolio? Do let us know in the comments below
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
4,700 per cent returns: Only buyers in this multibagger stock, hit upper circuit & 52-week high; Company signs long-term agreement with Dassault Aviation!
-
4:1 Bonus Share: Multibagger penny stock under Rs 100 with Rs 1,440 crore order was locked in 20 per cent upper circuit on January 20
-
From Rs 7.58 to Rs 16.23 per share in less than 1 month: Heavy buying witnessed in this multibagger penny stock; hit back-to-back upper circuits & 52-week highs!
-
4,765 per cent multibagger returns: Heavy buying multibagger NBFC stock; hit back-to-back upper circuit & 52-week high!
-
Multibagger in just 1 year: Board announces bonus shares; scrip hit upper circuit & 52-week high!
-
5,000 per cent returns: India's first listed NBFC, 100 per cent dedicated towards green financing gets approval of listing of equity shares on NSE!
-
Multi-bagger in just 1 month; Board is likely to announce bonus share soon!
-
Multi-bagger in just 1 month: Investors should keep an eye on this stock as the special dividend payment approaches!
-
11,000 per cent returns: Multibagger small-cap company announces board restructuring for strategic growth of Ebix Inc., Including Robin Raina's appointment to the board
-
52-week high alert: This multibagger Semiconductor Software company got approval for DLI application for the development of a smart energy meter IC from Government of India
-
2:1 bonus share, 2:1 stock split & 1,965 per cent multibagger returns: This electric vehicle (EV) loan provider stock hit the upper circuit on June 06
-
2:1 bonus share, 2:1 stock split & 2,480 per cent multibagger returns: This electric vehicle (EV) loan provider company allots 7,65,000 shares upon conversion of warrants
-
From Rs 10.98 to Rs 608.10 per share in just 1 year: Heavy buying in this multibagger micro-cap stock; Hit back-to-back upper circuits & 52-week highs!
-
3,500 per cent multibagger returns: This electric vehicle (EV) loan provider company allots non-convertible debentures worth Rs 24,84,00,000 to 2 investors!
-
Heavy buying NBFC stock with 3,600 per cent returns: Promoter Group allocated 9.3 lakh equity shares; scrip locked in upper circuit on April 22
-
Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20
-
2:1 bonus share, 2:1 stock split with 4,646 per cent multibagger returns: Board likely to raise funds through issue of foreign currency-denominated bonds!
-
FIIs bought 8,90,00,000 shares of this multibagger penny stock at Rs 15 with 2,700 per cent returns via preferential issue; hit upper circuit & 52-week on February 27
-
From Rs 3.16 to Rs 224.35 per share in just 1,615 days: Keep an eye on this multibagger small-cap stock that was locked in upper circuit on February 27
-
1:2 bonus shares & 8,800 per cent returns: Heavy buying witnessed in this power stock; bags new order from Pruthvi Textile