FII based in Mauritius purchases 5 lakh shares of this multibagger stock, gains by more than 135 per cent in just 6 months!
The stock delivered a multibagger return of 135.38 per cent in just six months, while the BSE Sensex gained only 17.84 per cent.
Today, shares of Tirupati Forge Ltd traded at a new 52-week high at Rs 25 per share, up 13.38 per cent. Aegis Investment Fund, an FII (Foreign Institutional Investor) based in Mauritius, purchased 5 lakh shares of this company today for Rs 1.10 crore, resulting in some new buying.
Recently, it also received approval from a major corporation in the United States to purchase large quantities of flanges, forged fittings and other components. The business will begin the supply of goods for the most recent order in bulk, starting in 2023, which might result in a 30 per cent boost in revenue. According to the financial statement, the company reported positive quarterly and annual results.
Tirupati Forge has been engaged in the business of manufacturing carbon steel forged flanges, forged components and other automotive components. The company had an ROE of 26 per cent and a ROCE of 28.43 per cent, with a CAGR of 97 per cent in 1 year.
The stock delivered a multibagger return of 135.38 per cent in just six months, while the BSE Sensex gained only 17.84 per cent. Furthermore, the stock is up 92.05 percent year to date. Investors should keep this stock under their watch.