500 per cent returns: This micro-cap multibagger NBFC stock reports stellar Q1FY24 results!
The company has delivered great returns of 87 per cent over the past year and stellar returns of 506 per cent over the past 3 years.
Visco Trade Associates Ltd, founded in 1983, functions as a Non-Banking Financial Company (NBFC), focusing on share investment, trading, and lending services. Their offerings encompass investing in Indian company shares, debentures, bonds, and securities, while also providing secured loans and credits for both short-term and long-term needs.
These loans are backed by diverse assets such as land, buildings, machinery, shares, debentures, and government securities. Operating as a non-deposit NBFC, Visco Trade Associates Ltd has established itself as a reliable entity in the financial sector, delivering comprehensive services in share investments, trading, and loan provisions while utilizing a wide spectrum of collateral.
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Visco Trade Associates Ltd recently announced their Q1FY24 results in which sales of the company surged by 238 per cent and stood at Rs 42.98 crore while operating profit turned around to 9.29 crore in Q1FY24 from negative 2.46 crore in Q1FY23. Similarly, net profit also turned around to a positive 7.88 crore in Q1FY24 from negative of Rs 2.38 crore in Q1FY23. Furthermore, the company has been able to grow its sales by 38 per cent (CAGR) over the past 3 years.
The company has delivered great returns of 87 per cent over the past year and stellar returns of 506 per cent over the past 3 years.
On Tuesday, shares of the company surged by 20 per cent and reached its uppers circuit limit of Rs 92.48.
Investors should keep a close eye on this buzzing microcap stock!
Disclaimer: The article is for informational purposes only and not investment advice.