Multibagger Stocks: 150% return in 3 years, Indiamart’s stock made a fortune, seeing a huge boom – indiamart share give 150 percent return in 3 years
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On July 20, 2023, IndiaMart announced its strong first quarter results. In this, the company’s sales increased by more than 26 percent on a consolidated basis. It increased to Rs 282 crore. At the same time, the company’s Ebitda increased by 20 percent to Rs 77 crore. Apart from this, the company’s net profit increased by 78 percent in the first quarter and stood at Rs 83 crore.
The company has given a return of 48% in the last one year and a whopping 156% in the last 3 years. Furthermore, the company has a ROCE of 17.5% and an ROE of 13.9%.
On Friday, the company’s shares gained over 8% and hit their 52-week high of Rs 3,149.30. Moreover, the volume of the stock increased by more than 3.63 times. Investors can keep an eye on this stock.
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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