5,750% Multibagger Returns: FMCG Company’s Promoter Bought 42,000 Shares via Open Market
The stock gave multibagger returns of 2,100 per cent in 5 years and a whopping 5,750 per cent over a decade.
On Friday, the shares of GRM Overseas Ltd surged 1.3 per cent to Rs 234.95 per share from its previous closing of Rs 232.10 per share. The stock’s 52-week high is Rs 288.60 per share while its 52-week low is Rs 114.15 per share. The company has a market cap of Rs 1,387 crore.
GRM Overseas Ltd. has relaunched its 10X basmati rice brand with a modern packaging redesign and a high-profile CGI campaign starring Salman Khan. This strategic move aims to significantly increase brand visibility and attract a broader consumer base by leveraging Khan's global popularity and charisma. The relaunch emphasizes GRM's commitment to quality and innovation, targeting both existing loyal customers and new audiences. Positive initial reviews, coupled with Khan's endorsement and the campaign's cutting-edge execution, position 10X for substantial growth and a strengthened market presence, reinforcing GRM's leadership in the basmati rice industry and the wider FMCG sector. The online campaign has already generated considerable buzz.
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According to Quarterly Results, the company reported net sales of Rs 371.24 crore in Q3FY25 compared to net sales of Rs 315.49 crore in Q2FY25, an increase of 18 per cent. The net profit increased by 47 per cent to Rs 13.54 crore in Q3FY25 compared to Q2FY25. In its nine-month results, the net sales increased by 17 per cent to Rs 1056.81 crore and net profit increased by 3 per cent to Rs 40.76 in 9MFY25 compared to 9MFY24.
As per exchange filing, the promoters of the company-Mr Atul Garg, Mrs Mamta Garg and Mr Hukam Chand Garg bought 42,000 shares via open market. The shares of the company have an ROE of 19 per cent and an ROCE of 13 per cent. The stock gave multibagger returns of 2,100 per cent in 5 years and a whopping 5,750 per cent over a decade. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.