Multibagger stock below Rs 5: This NBFC company is financing another Government of India mega infrastructure project!
The stock gave multibagger returns of 100.91 per cent from its 52-week low of Rs 2.21 per share.
Advik Capital Ltd announced that in order to further expand its long-term asset book the company is in the advanced stage of financing another Mega Infra Project Gohana Sonepat Highway, backed by NHAI, Government of India and other agencies in collaboration with other NBFCs, private and PSU Banks. Earlier, the company successfully disbursed a long-term loan amounting to Rs 500 million for Jind Gohana Highway
Today, shares of Advik Capital surged 5.97 per cent to an intraday high of Rs 4.44 per share from its previous closing of Rs 4.19. At 03:30 pm, shares of the company ended the day higher, up 0.24 per cent to Rs 4.20 per share.
Advik Capital Limited is a non-bank finance company. The Company provides investing funds, financial assistance in the form of loans and advances, leasing business, and financing lease operations. Today, shares of the company saw a spurt in volume by more than 2.41 times on BSE.
Talking about finances, Advik Capital Ltd has a market cap of 90.94 crore with a PE of 8.34x and an ROE of 16.92 per cent. The company reported excellent numbers in its Quarterly Results Q3 wherein net sales rose by 10.37 per cent and net profit skyrocketed by 2,326.67 per cent in Q3FY23 compared to Q3FY22.
The stock gave multibagger returns of 100.91 per cent from its 52-week low of Rs 2.21 per share. Investors should keep an eye on this Small-Cap NBFC stock.