Multibagger stock under Rs 50: Watch out for this micro-cap stock which hit upper circuit on May 17

The stock gave multibagger returns of 194 per cent in just 6 months and over 1,016 per cent in 1 year.  

On Friday, the Indian indices ended the trading session in green. BSE Sensex Index was down by 0.60 per cent at a level of 61,560.64 and the NSE Nifty-50 Index was down by 0.57 per cent at a level of 18,181.75

Despite the market being in red, one of the Top Gainers on BSE today, shares of Captain Pipes Ltd surged 5 per cent upper circuit to Rs 29.46 per share from its previous closing of Rs 28.06. The stock also traded at a new 52-week high of Rs 29.46 per share. In the recent trading sessions, the stock is hitting back-to-back upper circuits and 52-week highs.

In terms of financial statements, the company reported positive numbers. The net sales increased by 4 per cent to Rs 42.55 crore with EPS of Rs 0.14 in H2FY23 over H2FY22. The net sales increased by 4 per cent to Rs 85.50 crore in FY23 over FY22. 

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Previously, traded ex-bonus shares in the ratio 2:1 and ex-stock split in the ratio 1:10 held by the company's equity shareholders as of the record date. The company had the record date as Thursday, March 02, 2023.    

Captain Pipes Ltd is a small-cap stock having a market cap of over Rs 410.84 crore. It is engaged in manufacturing a range of uPVC pipes and fittings. The company provides high-impact uPVC threaded column pipes, plumbing pipes, pressure pipes, casing pipes, plumbing fittings and agri fittings. Captain Pipes serves customers in India.  

The stock gave multibagger returns of 194 per cent in just 6 months and over 1,016 per cent in 1 year. Investors should keep an eye on this micro-cap stock.