Vijay Kedia gains Rs 1,24,03,537 from this multibagger penny stock in just 5 days; Do you have it?

The stock has been a multibagger over the past 3 years, with a return of 290 per cent.

On Friday, the Indian benchmark ended the trading session in green with the BSE Sensex Index and NSE Nifty-50 Index gaining 0.5 per cent each at 66,598.91 and 19,819.95 respectively. In the broader market, the indices were also trading in green with BSE Mid-Cap Index up by 0.92 per cent and BSE Small-Cap Index up by 0.43 per cent.

Along with the stock market performing well, this multibagger penny stock is hitting back-to-back upper circuits and 52-week highs. On Friday, shares of the company were locked in 2 per cent upper circuit to Rs 66.73 per share from its previous closing of Rs 65.43. The stock also made a new 52-week high of Rs 66.73 per share.

Before we reveal the penny stock name, let's take a look at how the ace investor Vijay Kedia made Rs 1,24,03,537 in just 5 days. Here are the details:

On September 04, 2023, Kedia Securities Ltd (owned by Vijay Kedia) bought 24,65,912 shares at Rs 61.70 per share totalling Rs 15,21,46,771 or approx. Rs 15.21 crore. As of Friday’s closing, the stock was trading at Rs 66.73 per share on the BSE, the total value of the shares he owns is Rs 16,45,50,308 or Rs 16.45 crore.

Therefore, Rs 16,45,50,308 - Rs 15,21,46,771 = Rs 1,24,03,537 in just 5 days.  

(Did You Know: This would be the second civil construction company that Vijay Kedia invested in after Patel Engineering Ltd)

Financials about the company: -

The company has a market cap of over Rs 642.64 crore with a 3-year stock price CAGR of 61 per cent. According to the Quarterly Results, the net sales increased by 84.14 per cent to Rs 267 crore and net profit increased by 133.33 per cent to Rs 14 crore in Q1FY24 compared to Q1FY23. According to the annual results, the net sales increased by 155.27 per cent to Rs 799 crore and net profit decreased by 50 per cent to Rs 13 crore in FY23 compared to FY22. The company has over Rs 2,961 crore worth of projects in its order book as of June 30, 2023. The shares of the company have a PE of 30x, an ROE of 1.92 per cent and a ROCE of 7.46 per cent.

And now, the moment you've all been waiting for! The name of the multibagger penny stock that is creating all this excitement is OM INFRA LTD.

Om Infra Ltd is a conglomerate with diverse interests in infrastructure, including hydro-mechanical equipment, turnkey steel fabrication solutions, hydropower development, real estate, entertainment centres, and hotels. It is a flagship company of Om Kothari Group.

The stock is up by 76 per cent in just 1 year and over 140 per cent in 2 years. The stock has been a multibagger over the past 3 years, with a return of 290 per cent.

Do you have this stock in your portfolio? Do let us know in the comment session below

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