1,000 per cent return: Back-to-Back Upper Circuit in this micro-cap multibagger stock, priced under Rs 100
The stock is trading at all-time high levels. Additionally, the stock of the company has gained around 300 per cent in the last three years.
The stock of the company reached an all-time high price of Rs 81.70 on Feb 17, 2023, and today it surpassed this level, commencing trading above this price, and ultimately concluded the day in the blue-sky zone.
Today, the stock opened at Rs 78.03, which is 5 per cent higher than the previous day's closing price of Rs 74.25. During the intraday session, the stock surged by 10 per cent, accompanied by significant trading volume. The shares of Sam Industries Limited experienced a sharp rise today.
During the day shares were locked into the upper circuit price limit of 10 per cent; furthermore, it achieved a new 52-week high price of Rs 85.83 and finally closed the day at Rs 85.83 each on the BSE.
The stock's 52-week highs and lows are recorded at Rs 85.83 and Rs 26.35, respectively.
With a market capitalization of just Rs 95 crore, the stock has demonstrated remarkable performance in recent times, delivering a 186 per cent return in a year and an impressive 299 per cent return in the last two years.
Established in 1994, Sam Industries Ltd operates within the realms of real estate, the leasing of immovable properties, and investment endeavors.
Financial Performance:
In FY23, the company's revenue from operations experienced a substantial increase of 172 per cent YoY, rising from Rs 9.40 crore to Rs 25.54 crore. The operating profit of the company increased from Rs 1.02 crore to Rs 7.08 crore, and on a sequential basis, it grew from Rs 4.26 crore to Rs 7.08 crore. The operating profit stood at 28 per cent.
As for the net profit of the company, it amounts to Rs 5.40 crore, and the net profit margin stood at 21 per cent in FY23. The company's return on capital employed (ROCE) and return on equity (ROE) are at 13.7 per cent and 10 per cent, respectively.
The stock is trading at all-time high levels and has great potential to perform; hence, investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.