13,300 per cent returns: This multibagger electrical equipment company reports a 11,000 per cent jump in net profit; promotors sold 2,61,525 shares!

The stock gave multibagger returns of 1,875 per cent in 1 year and a whopping 13,300 per cent in 3 years.

On Monday, one of the Top Gainers on BSE, shares of Taylormade Renewables Ltd (TRL) surged 5 per cent upper circuit to Rs 605.55 per share from its previous closing of Rs 576.55. In the recent trading sessions, the stock is hitting back-to-back upper circuits. The shares of the company saw a spurt in volume by more than 6.89 times on BSE. At the closing bell, shares of the company were trading at Rs 589.25 per share, up 2.17 per cent.

The sudden rise in the stock price is due to the company announced stellar half-yearly results. In H1FY24, the net sales increased by 246 per cent to Rs 26.11 crore, operating profit skyrocketed by 2,430 per cent to Rs 9.71 crore and net profit skyrocketed by 11,083 per cent to Rs 8.05 crore compared to H1FY23.

The company has a market cap of Rs 647 crore with a 5-year CAGR of 85 per cent. According to the annual results, the net sales increased by 226 per cent to Rs 19.79 crore and net profit increased by 1,131.25 per cent to Rs 1.97 crore in FY23 over FY22.

Taylormade Renewables is a company that provides renewable energy solutions. The company has developed cutting-edge technologies for hazardous wastewater treatment and zero liquid discharge. The promotors of the company have decreased their stake from 65.48 per cent in May 2023 to 63.09 per cent in September 2023 which is close to 2,61,525 shares.

The stock gave multibagger returns of 1,875 per cent in 1 year and  a whopping 13,300 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.