Multibagger Shares: 20% upper circuit in the stock of this micro cap company, know why bumper purchase is visible – multibagger stocks tips films stock soars by 20 percent
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Tips Films had released its FY23 results. In this, the company’s sales declined by 8.9 per cent to Rs 61 crore as compared to Rs 67 crore in FY22. However, the company’s operating profit has increased by 700% to Rs 24 crore as compared to Rs 3 crore in FY22. Similarly, the company’s net profit grew by 242% to Rs 24 crore as compared to Rs 7 crore in FY2020. However, it is important to note that the FY23 net profit included other income of Rs 10 crore.
The company has given a return of 46% from the date of its listing in October 2022. Furthermore, the company has a ROCE of 38% and an ROE of 30.5%.
The company’s shares gained 20% on Wednesday, taking the share price to its upper circuit limit of Rs 594.35. Moreover, the volume of the stock had increased by more than 5.84 times. Investors can keep an eye on this stock.
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