1,700 per cent returns in this multibagger stock: This micro-cap company partners with Kentucky Fried Chicken (KFC)!
The shares of the company have a PE of 7.07x whereas the sectoral PE is 17.30x with a ROE of 38 per cent and ROCE of 35 per cent.
Shri Bajrang Alliance Ltd (BSE: 526981) informed that the company has formed a strategic partnership as an approved supplier with Kentucky Fried Chicken (KFC) of Yum Brands. This milestone sets the stage for unparalleled growth and innovation.
Previously, the company received an order from a UK-based overseas customer for supply and export order of various types of ready-to-eat frozen food. The order is worth Rs 1.51 crore approx. which will be completed in 6 months from the letter of intent.
On Friday, shares of Shri Bajrang Alliance jumped 9.08 per cent to an intraday high of Rs 273.95 per share. At the closing bell, shares of the company ended the trading session in the green, up 6.89 per cent to Rs 268.45 per share with a spurt in volume by more than 2.29 times on BSE.
Shri Bajrang Alliance Limited (SBAL), formerly known as Shri Bajrang Alloys Ltd, is one of the group companies of the Goel Group that is engaged in the manufacturing of structural steel products.
According to the financials, the company reported positive numbers in its annual results. The company has delivered good profit growth of 31 per cent CAGR over the last 5 years.
The shares of the company have a PE of 7.07x whereas the sectoral PE is 17.30x with a ROE of 38 per cent and ROCE of 35 per cent. The stock gave multibagger returns of 570 per cent in just 3 years and over 1,700 per cent in 1 decade. Investors should keep an eye on this stock.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now