Multibagger Stock: This steel company’s stock has doubled investors’ money in a year, do you have it! – Shares of this bse 500 steel company doubled investors’ wealth in a year
Mumbai: The stock of steel company Lloyds Metals & Energy Limited has gained more than 122 per cent in the last one year. Last year on March 10, its price was Rs 136.95, which reached Rs 304.90 on March 6, 2023. This stock is a part of the S&P BSE 500 Index. This stock has given multibagger returns in last one year. If you had invested Rs 1 lakh in it a year back, it would have been worth Rs 2.22 lakh today. In the third quarter of the financial year 2023, the company’s net revenue on a consolidated basis increased by 494% year-on-year to Rs 999.6 crore. During this period, the company’s profit stood at Rs 230 crore as against a loss of Rs 26.19 crore a year ago.
The company is currently trading at 18 times TTM PE. Its ROCE in FY2022 was 22.7% and ROE was 30.7%. This company is a part of Group A stock and has a market cap of Rs 13,947 crore. Today the stock opened at Rs.313 and went as high as Rs.317.70 and as low as Rs.308.60 in early trade. Its 52 week high is Rs 317.70 and its lowest is Rs 126.10 on BSE. Lloyd Metals & Energy is engaged in the business of sponge iron, power generation and mining activities. In addition, the company also manufactures Direct Reduced Iron (DRI) called Sponge Iron. The company also manufactures Steel Pipes & Tubes, HR/CR Coils, Sheets & Strips. 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.
(Disclaimer: This above is third party content and TIL hereby disclaims any and all warranties, express or implied, relating to the same. TIL does not guarantee, vouch for or endorse any of the above content or its accuracy nor is responsible for it in The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before taking any investment decision and take all steps necessary to ascertain that any information and content provided is correct, updated and verified. .)
