900 per cent multibagger returns: Under Rs 100 stock jumps over 5 per cent from intraday low; Here’s why!
From Rs 10.27 per share to Rs 104.85 per share, the stock gave multibagger returns of over 900 per cent in just 3 years
On Tuesday, shares of Mufin Green Finance Ltd jumped 5.6 per cent to an intraday high of Rs 104.85 per share from its intraday low of Rs 99.30 per share. The stock's 52-week high stands at Rs 273.10 per share and its 52-week low is Rs 90.40 per share. The shares of the company saw a spurt in volume by more than 1.01 times.
Update 1: Mufin Green Finance Limited secured a USD 18,000,000 loan from the U.S. International Development Finance Corporation to support its lending business. To secure the loan, Mufin Green pledged assets including future and present loan receivables. The loan agreement requires the value of these pledged assets to exceed 110 per cent of the outstanding loan balance. While the Lender cannot appoint directors or restrict the Borrower's capital structure, the agreement includes specific security arrangements and requires Mufin Green to provide detailed information about its loan agreements to assess risk.
Update 2: Mufin Green Finance Limited, a prominent NBFC specializing in 3W electric vehicle loans, has partnered with Wardwizard Innovations & Mobility Limited, a leading electric vehicle manufacturer operating under the brands Joy e-bike and Joy e-rik. This strategic partnership aims to enhance accessibility and ownership of Wardwizard's L3 Passenger and L5 Cargo electric three-wheelers by providing customized financing solutions to customers across India. The collaboration extends beyond individual buyers to include fleet operations for both two-wheelers and three-wheelers, facilitating tailored financing options for fleet owners and operators. This partnership emphasizes collaborative efforts to create a robust EV financing ecosystem, addressing critical barriers in EV financing and accessibility, paving the way for sustainable mobility solutions.
Update 3: Mufin Green Infra Limited and Exicom Tele-Systems Ltd have entered into a strategic partnership to accelerate the adoption of electric vehicles (EVs) in India. This collaboration aims to create a robust ecosystem for EV charging by combining Exicom's expertise in manufacturing cutting-edge charging hardware with Mufin Green Infra Limited's strength in turnkey project solutions for EV charging infrastructure. This partnership leverages the complementary strengths of both companies to offer comprehensive EV charging solutions, including hardware, installation, and software solutions for managing charging operations and providing a seamless user experience. By working together, Exicom and Mufin Green Infra Limited will be able to offer innovative and integrated solutions that meet the growing demand for EV charging infrastructure across India and contribute significantly to the country's transition to a sustainable transportation future.
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About the Company
Mufin Green Finance tackles social and environmental issues in India by providing financial solutions, like electric vehicle loans, to underserved communities. This focus on financial inclusion and sustainability goes hand-in-hand with their strong financial performance, boasting a market cap of Rs 1,658 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.
According to Quarterly Results, the net sales increased by 120 per cent to Rs 46.21 crore and net profit increased by 41 per cent to Rs 5.67 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 116 per cent to Rs 83.19 crore and net profit increased by 35 per cent to Rs 10.06 crore in H1FY25 compared to H1FY24. Looking at its annual results, the net sales increased by 184 per cent to Rs 97.60 crore and net profit increased by 98 per cent to Rs 16.06 crore in FY24 compared to FY23.
From Rs 10.27 per share to Rs 104.85 per share, the stock gave multibagger returns of over 900 per cent in just 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.