Rs 50,000 becomes Rs 11 lakh: This transformer and electric motors manufacturer generates exceptional wealth for shareholders; stock hits upper circuit today with heavy volume!
The company’s shares have delivered impressive multibagger returns of over 220 per cent to their shareholders in just 1 year.
Finding a multibagger stock that can generate exceptional wealth for its shareholders is not an easy task. Even if investors identify a stock with the potential to deliver multibagger returns, many investors don’t stay invested for the long term. Instead, they book small profits and move on to other stocks.
Today, we are going to explore one of the Indian companies listed on the Indian stock market that has provided multibagger returns to its shareholders, creating exceptional wealth. An investment of Rs 50,000 has turned into Rs 10,96,894 today. The stock has surged 20 per cent today, hitting the upper circuit and reaching its all-time high levels. Additionally, it has hit a 52-week high today.
During the COVID downturn, when the market experienced significant declines, the company's share hit a low of Rs 212.50 per share in March 2020. From this low point, the stock never looked back and rallied around 2094 per cent, reaching an all-time high of Rs 4661.80 per share today. Additionally, the stock achieved a significant milestone of Rs 4000 per share.
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Established in 1946, Bharat Bijlee is a leading electrical engineering company in India engaged in the manufacturing of transformers, electric motors, elevator systems, drives, and automation. It also provides turnkey solutions for EHV switchyards, HV and MV substations, Electrical Balance of Plants, etc.
In FY24, Bharat Bijlee reported revenue of Rs 1872 crore, reflecting a year-on-year growth of 32 per cent from Rs 1418 crore in the previous year. The company recorded an operating profit of Rs 172 crore, compared to Rs 120 crore in the preceding year. Its net profit stood at Rs 131 crore in FY24, up from Rs 83 crore in FY23, marking a year-on-year gain of approximately 38 per cent. According to the Quarterly Results, the company's revenue expanded by 37 per cent, while its profit after tax (PAT) surged by 81 per cent year-on-year in Q4 FY24.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice