Multibagger Stock: strong return of 600 percent in two years, this stock made investors rich – shivalik bimetal controls limited gave investors a handsome return of 600 percent in two years

Mumbai: The stock market continues to fluctuate. But there are many companies too, in whose shares investors get bumper returns. These stocks have given good returns to the investors even after the fall in the market. Today we are going to tell you about the stock of one such company, which has given bumper returns to the investors. This stock still remains bullish. This share is owned by Shivalik Bimetal Control Limited. On March 23, 2021, this share was at the level of Rs 57.06. Whereas today i.e. on March 23, 2023, this stock has reached the level of Rs.473.00. In such a situation, this stock has gained about 631% in the last two years of holding period. The company is a part of the S&P BSE Smallcap Index. This stock has given multibagger returns in last two years. An investment of Rs 1 lakh in the shares of this company two years back would have been Rs 7.3 lakh today.

On a consolidated basis in Q3FY23, the company’s net revenue grew by 34.34% YoY to Rs 118.40 crore. The company is currently trading at a TTM PE of 35.67x as against industry PE of 38.7x. The company achieved ROCE and ROE of 35.1% and 31.9% in FY22.

Today the stock opened at Rs.481 with a high of Rs.481 and a low of Rs.468.55. The stock’s 52-week high and low is Rs 506.55 and Rs 219.81 respectively on BSE.

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