Todays multibagger: After boosting 333 per cent in a single year, this company made a new all-time high!
In terms of financial performance, the company's net sales soared 183.43 per cent to Rs 56.68 crore in Q422 while registering a net profit of Rs 2.65 crore.
Established in 1989, Sumedha Fiscal Services Limited is a financial services company, which is primarily engaged in investment banking services, trading of shares & securities, and institutional broking services.
The company's major competitors include Bajaj Holdings & Investments, HDFC Asset Management Company, Muthoot Finance, and Cholamandalam Investment Limited. It has outperformed its competitors by giving phenomenal returns. The stock price has surged 333 per cent in just one year! It gained almost 285 per cent year-to-date while providing investors with returns of 172 per cent in just six months!
After being locked in the 20 per cent upper circuit on Monday, the shares of Sumedha Fiscal Services Ltd made a new all-time high on BSE at Rs 128.75 per share. The company is valued at Rs 102.80 crore in the market. As of March 31, 2022, the promoters owned 49.57 per cent of the firm while non-institutional investors held a combined 50.43 per cent stake.
In terms of financial performance, the company's net sales and other operating income soared 183.43 per cent to Rs 56.68 crore in Q422 while registering a net profit of Rs 2.65 crore.
The upcoming sessions should be closely monitored by investors for this scrip.