Back-to-back 52-week high: This small-cap multibagger stock gave returns of 510 per cent in just 3 years!
The stock broke its 52-week high twice in a row, first on June 2 at Rs 195.80 and then on June 5, at Rs 214.50.
Indo Count Industries Limited (ICIL) operates in the home textiles and bedding sector, specialising as a manufacturer and exporter of bed sheets, bed linen and quilts.
Indo Count Industries announced its Q4FY23 results on May 30, 2023, revealing impressive growth. The company experienced a significant 17.3 per cent increase in sales, reaching Rs 810 crore in Q4FY23 compared to Q4FY22. Additionally, the company's EBITDA for Q4FY23 grew by 11.36 per cent to Rs 147 crore, while the net profit in the same period showed a remarkable growth of 11.76 per cent to Rs 95 crore, both compared to Q4FY22.
Moreover, the company has achieved a steady sales growth of 14 per cent (CAGR) over the past 3 years and has successfully grown its profit by 22 per cent (CAGR) during the same period.
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Indo Count Industries experienced a significant surge on Monday, with its shares rising by 7.57 per cent and reaching an intraday high of Rs 214.40. Notably, the stock broke its 52-week high twice in a row, first on June 2 at Rs 195.80 and then on June 5, at Rs 214.50.
The company has delivered outstanding returns, achieving an impressive 45.35 per cent return in the past 1 year and a significant 516.32 per cent return over the last 3 years.
Investors should keep a close eye on this trending multibagger smallcap stock.