Multibagger Stock: 35000% Returns! This smallcap multibagger has given 35000 percent return in 10 years turned rs 10,000 to rs 35 lakh
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The company’s sales have increased manifold in the last ten years. It was Rs 6 crore in the financial year 2012, which reached Rs 2,000 crore in 2022. In the first nine months of the last financial year, the company’s revenue grew by 33 per cent to Rs 1942 crore, while profit increased by 56 per cent to Rs 51 crore. However, its shares are under pressure this year. It has declined 8.26 per cent so far this year. As per the latest shareholding pattern of the company, promoters hold 64.85 per cent stake while public shareholders hold 35.15 per cent.
how far can the price go
The stock has gained 12 per cent this week. Technically, the stock is trading above the 50 day and 200 day moving averages. Its 14-day time period RSI is 61. The company has expanded its business into several FMCG categories. These include Food & Beverages, Home Care, Fabric Care, Beauty & Personal Care, Health Care & Wellness, Leather & Sports Footwear and Pest Control. Experts say that its price can go up to Rs.615. It had closed at Rs 565.35 on Thursday, up 1.62 per cent.
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