Multibagger Stock: This IT company’s stock made investors rich, gave a strong return of 200% – cressanda solutions limited’s stock gave a bumper return of 200% in one year
Mumbai: Amidst the fall in the stock market, there are many stocks which have gained momentum. There are also stocks in the market which have given bumper returns to the investors despite the fall. These stocks still remain bullish. One such stock is that of Cressanda Solutions Limited. The share has increased from Rs.8.77 as on March 07, 2022 to Rs.26.23 as on March 03, 2023. It has given more than 200% return to the investors in the last one year holding period. The company is a part of the S&P BSE SmallCap Index. In the last one year, this stock has made investors rich. If an investor had invested Rs 1 lakh in this company two years ago, he would have got Rs 3 lakh today.
On a standalone basis, the company’s net revenue grew by 12.18% to Rs 23.45 crore in Q3FY23. The company is currently trading at a TTM PE of 297x as against industry PE of 28.71x. Today the shares of the company opened at the level of 22.52. The shares touched a high of Rs.23.24 and a low of Rs.23.93 today. The stock’s 52-week high and low is Rs 51.20 and Rs 10.63 respectively on BSE. Cressanda Solutions provides IT, digital media and IT enabled services. This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.
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