Trending Stock: This thug stock jumped on the back of strong orders, gave 330% return in three years – rs 176 crore order book this micro-cap multibagger stock surges by more than 9 percent
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Macpower CNC Machines Limited recently announced the results for the first quarter of the financial year 2024. During this period, there has been a decline of 1.5% in the company’s sales and it stood at Rs 40.46 crore. Along with this, the company’s operating margin also declined by 17 percent to Rs 3.37 crore. Similarly, the company’s net profit also declined by 20 per cent to Rs 2.03 crore in the first quarter. The company’s sales have grown at a CAGR of 35% in the last three years and profits have grown at a CAGR of 68% during the same period.
The company has given a return of more than 11.47% in the last one year while in three years it has given a tremendous return of 330%. Apart from this, the company’s RoCE is 19.3% and ROE is 14.2%. On Wednesday, the company’s shares rallied over nine per cent and hit a high of Rs 252 during the day. Investors should keep a close watch on this trending stock.
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