Multibagger in just 6 months: Heavy buying witness in this NBFC stock; hit upper circuit & 52-week high!

The stock gave multibagger returns of 110 per cent in 1 year and over 200 per cent in 2 years.

Indian stock markets were trading in green on Friday, with the BSE Sensex Index up 0.53 per cent at a level of 64,421 and the NSE Nifty-50 Index up 0.53 at 19,235. About 2,289 shares have advanced, 1365 have declined and 131 were unchanged on BSE.

Along with the market in green, this multibagger micro-cap NBFC stock bucked the trend and traded in the green. Let us know about this stock:

The stock we will be discussing today is INDUSTRIAL INVESTMENT TRUST LTD.

Industrial Investment Trust Ltd (IITL) is a registered non-banking financial company (NBFC) established in 1933. It is primarily a holding company, with investments in its subsidiaries and other group companies. IITL invests in equity shares (both listed and unlisted), mutual funds, fixed deposits with banks, inter-corporate deposits, and loans to its group companies and entities.

On Friday, shares of Industrial Investment Trust Ltd were trading session green, hit 20 per cent upper circuit to Rs 176.50 per share. The stock also made a new 52-week high of Rs 176.50 per share. From 52-week low of Rs 68.05 per share to 52-week high of Rs 176.50 per share, the stock gave multibagger returns of over 150 per cent to its investors. The shares of the company saw a spurt in volume by more than 3.57 times on BSE.

The company scheduled to be held on Wednesday, November 08, 2023, inter alia, to consider and approve the unaudited standalone and consolidated financial results for the quarter results and half yearly results ended September 30, 2023. Other than results declaration update, there is no known catalyst for the stock's recent sharp increase.

The company is almost debt free and has delivered good profit growth of 21 per cent CAGR over last 5 years. The stock is trading at 1.05 times its book value of Rs 166. The company reported positive numbers in its Quarterly Results (Q1FY24) and annual results (FY23).  

The shares of the company are trading at a PE of 9.53x whereas the industry PE is 24.3x. The stock gave multibagger returns of 110 per cent in 1 year and over 200 per cent in 2 years. Investors should keep an eye on this micro-cap NBFC stock.

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