From 52-week low to 52-week high in just 140 days: Multibagger solar pumps manufacturing stock hit 20 per cent upper circuit; Here’s why!

The stock gave multibagger returns of 575 per cent returns in 3 years and a whopping 1,800 per cent in a decade.

On Monday, one of the Top Gainers on BSE, the shares of Roto Pumps Ltd were locked in a 20 per cent upper circuit to Rs 631.70 per share from its previous closing of Rs 526.45. The stock also made a 52-week high of Rs 631.70 per share with a spurt in volume by more than 3 times on BSE. From a 52-week low (Rs 300.45) to a 52-week high (Rs 631.70), the stock gave multibagger returns of over 100 per cent in just 140 days.

In a significant move, the company's stock price saw a sudden rise. This can be attributed to two key updates announced on June 30, 2024, coinciding with the 80th Birth Anniversary of the late co-founder and former managing director, Shri Nand Kishore Gupta.

Firstly, the company itself announced the global launch of a new product line: Artificial Lift Downhole Pumps. These Progressive Cavity Pumps cater to both domestic and international markets, signifying the company's ambitious global expansion plans.

Secondly, Roto Energy Systems Limited, a wholly-owned subsidiary of the company based in India, also announced a global launch on the same day. Their new product, the Roto Rudra Solar Pumping Systems, is another indication of the company's commitment to innovation and its foray into the clean energy sector. The global reach of both these product launches, coupled with the timing to honour the company's legacy, likely fuelled investor confidence and contributed to the stock price surge.

Also Read: 80 per cent from its 52-week low of Rs 14.28: Heavy buying in this textile stock at Rs 25.89; Gains over 17 per cent with spurt in volume

Roto Pumps is a well-known company that provides efficient and reliable pumping solutions to a variety of industries like marine & defence, wastewater, renewable energy, mining, etc. The company exports to over 50 countries.

Talking about the finances, the company is a Small-Cap having a market cap of over Rs 1,900 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24).

The shares of the company have a ROE of 22 per cent and a ROCE of 24 per cent. The stock gave multibagger returns of 575 per cent returns in 3 years and a whopping 1,800 per cent in a decade. Investors should keep an eye on this multibagger pump manufacturing company’s stock.

Disclaimer: The article is for informational purposes only and not investment advice.