2,000 per cent returns: Multibagger solar pump manufacturing stock jumped over 15 per cent and made a fresh 52-week high; Here’s why!

From a 52-week low (Rs 300.45) to a 52-week high (Rs 748.65), the stock gave multibagger returns of 149 per cent in just 143 days.

Today, shares of Roto Pumps Ltd gained 15.9 per cent and made a fresh new 52-week high of Rs 748.65 per share from its previous closing of Rs 646.10. From a 52-week low (Rs 300.45) to a 52-week high (Rs 748.65), the stock gave multibagger returns of 149 per cent in just 143 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.

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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 2,100 crore and reported positive numbers in its Quarterly Results (Q4FY24) and annual results (FY24).

The company's shares have a ROE of 22 per cent and a ROCE of 24 per cent. The stock gave multibagger returns of 600 per cent returns in 3 years and a whopping 2,000 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.