This stock turned Rs 10,000 into Rs 1.16 CRORE in just 3 years and created exceptional wealth, company likely to announce FY24 results today!
Promoters’ stake jumps from 11.41 per cent to 95.47 per cent in Q4 FY24, complete details inside.
Finding a multibagger stock that can generate exceptional wealth for its shareholders is not an easy task. Even if investors identify a stock with the potential to deliver multibagger returns, many investors don’t stay invested for the long term. Instead, they make small profits and move on to other stocks.
Today, we are going to explore one of the Indian companies listed on the Indian stock market that has provided multibagger returns to its shareholders, creating exceptional wealth. An investment of Rs 10,000 has turned into Rs 1,16,65,300 today representing a remarkable multibagger gain of around 1,16,653.09 per cent in just 3 years.
Also read Power of Dividend Income: How Rs 1,000 becomes Rs 8 CRORE and generates a multibagger return of 81,17,355 per cent!
Diamond Power Infrastructure Limited is engaged in the business of manufacturing transmission and distribution of power products and services in India.
According to the Quarterly Results, in Q3 FY24, the company reported a revenue of Rs 59.96 crore compared to a revenue of Rs 1.35 crore. The company’s operating profit reached Rs 3.01 crore compared to a loss of Rs 11.37 crore in Q3 FY23. The operating margin stood at 5.02 per cent. The net loss of the company was Rs 5.28 crore in Q3 FY24 compared to a net loss of Rs 15.45 crore. Turning your attention to the annual performance of the company, it reported a revenue of Rs 15 crore in FY23 while the company’s net loss was Rs 43 crore in FY23.
According to the company's shareholding pattern, the promoter's holding jumps from 11.41 per cent to 95.47 per cent FII holds 0.03 per cent while the remaining 4.51 per cent is held by the public or retail investors.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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