The EBTIDA level of the company witnessed a surge of more than 168 per cent from March 2022 quarter

The stock gave multibagger returns of 155.67 per cent from its 52-week low of Rs 16.85.

Interestingly, a dividend of Rs 25 per equity share has been recommended by the board of directors on the paid-up capital of 77,29,871 of Rs 10 each for the financial year 2022-23.   

Nifty witnessed a volatile session, after gap down opening panic selling pressure has been seen. However, it recovered more than 50 points from day's low in closing session to close 0.32 per cent lower at 18,089.85 level. S&P BSE Sensex also dropped 161 points and closed at 61,193 level. Nifty Midcap 100 and Nifty Small cap 100 traded strong and outperformed the benchmark indices for the day to close around 0.26 per cent higher and 0.07 per cent nearly flat respectively.

The broader market indices were trading higher, with the BSE Mid-cap Index up 0.35 per cent and the BSE Small-cap Index up 0.15 per cent.

Amidst a significant moment for the business, it was granted incentives following their recent report of achieving a net profit worth Rs 10 crore during the quarter concluded on December 31, 2022. The newfound impetus is likely to propel the stock towards further expansion.

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.        

Owning a state or central PSU stock was once considered an embarrassing choice for investors, but times have changed. In 2023, more and more investors are keen on having a slice of PSU stocks.  

On Wednesday, shares of Dredging Corporation surged 4.45 per cent to Rs 338 per share from its previous closing of Rs 323.60. The stock has a 52-week high of Rs 456.15 and a 52-week low of Rs 248.10.  

The stock has an ROE of 21 per cent and a ROCE of 22 per cent. The stock gave multibagger returns of over 190 per cent in just 3 years.