Multibagger stock: Maithan Alloys stock running again after 124% return in 3 years, know what the company does – multibagger stock maithan alloys jumps over 6 percent in morning trade
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Maithon Alloys is actively involved in the enterprise of manufacturing and exporting a comprehensive array of the three essential bulk ferro alloys Ferro Manganese, Silico Manganese and Ferro Silicon. In addition, the company is engaged in generation and distribution of eco-friendly wind power by leveraging captive power plants to contribute towards sustainable energy solutions.
The company has an impressive track record of consistently achieving favorable return on equity with a remarkable three year average ROE of 27.6%.
The stock also looks a good buy because it has given a handsome return of 33 per cent in the last year. It has also given multibagger returns of 124% in the last 3 years. This has strengthened the confidence among investors about this stock.
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