The stock gave multibagger returns of 140 per cent in just 1 month and 329 per cent from its 52-week low of Rs 5.47 per share.

The stock has delivered a multibagger return of over 450 per cent to its shareholders in just one year only. Promoters hold a substantial 73.39 per cent stake in the company.

FIIs increased their stake by over 2.5 times in the March quarter of FY24. Stock delivered a whooping 360 per cent in just 1 year.

From Rs 2.21 to Rs 15.95 per share, the stock gave multibagger returns of 622 per cent in 3 years.

Shares of this company have given more than 30 per cent returns in the last six months.

The stock gave multibagger returns of 150 per cent in just 6 months whereas BSE Sensex Index is up by 10 per cent.  

The stock is up by 58 per cent from its 52-week low of Rs 11.49 per share and multibagger returns of 236 per cent in 3 years.

The turnaround was seen in the quarterly net profit as the company reported a net profit of Rs 22 crore as against a loss of Rs 11 crore in the same quarter of the previous fiscal year. 

The stock once used to trade in triple digits in the year 2015, however, the stock traded in single digits in the year 2020. It has slowly but steadily picked up the pace and with the current chart structure, it looks set for a turnaround and hence demands to be on the watchlist!

Going forward, performance of Q3FY23 is expected to be largely in-line with Q2FY23 followed by a stronger performance in Q4FY23.   It is on track to achieve a target of Rs 300 crore of revenues from exports in FY23

Interestingly, the company also managed to turn its year-ago quarter’s net loss of Rs 7.5 crore into a profit of Rs 27 crore in Q1FY23.

The bottom line is that whether the stock is enjoying a period of luck just like Bumrah or something is really turning around for the company