FIIs bought 8,63,725 shares & 2,700 per cent multibagger returns: Under Rs 100 stock jumps over 5 per cent; Do you own it?
From Rs 8.93 per share to Rs 84.79 per share, the stock gave multibagger returns of 850 per cent in just 3 years and a whopping 2,700 per cent in 5 years.
On Thursday, shares of Mufin Green Finance Ltd jumped over 5 per cent to Rs 84.79 per share from its previous closing of Rs 80.38 per share. The stock's 52-week high stands at Rs 237.35 per share and its 52-week low is Rs 69.34 per share.
Mufin Green Finance tackles social and environmental issues in India by providing financial solutions, like electric vehicle loans, to underserved communities. This focus on financial inclusion and sustainability goes hand-in-hand with their strong financial performance, boasting a market cap of Rs 1,385 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.
According to Quarterly Results, the net sales increased by 79 per cent to Rs 48.57 crore and net profit increased by 26 per cent to Rs 5.67 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 101 per cent to Rs 131.76 crore and net profit increased by 31 per cent to Rs 15.81 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 184 per cent to Rs 97.60 crore and net profit increased by 98 per cent to Rs 16.06 crore in FY24 compared to FY23.
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Additionally, Mufin Green Finance secured a USD 18 million loan from the U.S. International Development Finance Corporation to bolster its lending business, requiring asset pledges exceeding 110 per cent of the loan balance. Separately, Mufin Green has partnered with Wardwizard Innovations & Mobility, offering customized financing solutions for their electric vehicles, including fleet operations. Furthermore, Mufin Green Infra has joined forces with Exicom Tele-Systems to create a comprehensive EV charging ecosystem, combining Exicom's charging hardware with Mufin Green Infra's turnkey project solutions, aiming to accelerate EV adoption in India.
In December 2024, FIIs bought 8,63,725 shares and increased their stake to 0.86 per cent compared to September 2024. From Rs 8.93 per share to Rs 84.79 per share, the stock gave multibagger returns of 850 per cent in just 3 years and a whopping 2,700 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.