Multibagger in just 5 days: Keep an eye on this stock, which was locked in the upper circuit on January 18
The stock delivered a multibagger return of 101.01 per cent in just 5 trading sessions.
National Standard (India) Ltd, one of the Top Gainers on the BSE today, surged 10 per cent from its previous closing price of Rs 7537.95 to reach the upper price band of Rs 8,291,70 per share. The stock delivered a multibagger return of 101.01 per cent in just 5 trading sessions.
In terms of finances, National Standard has a market capitalization of Rs 16,583.40 crore. The net profit of the company increased 13.29 per cent to Rs 3.24 crore in the December quarter (Q3) from Rs 2.86 crore the previous year. In Q3FY23, the company's total income was Rs 8.55 crore, up 93.44 per cent from Rs 4.42 crore in Q3FY22. National Standard has a one-year beta of 0.46, indicating that the stock's volatility is low.
National Standard (India) Limited, incorporated in 1962, is presently engaged in the business of real estate development. The company is a part of the Lodha Group since May 2011. It is a subsidiary of Ananthnath Constructions and Farms Private Limited.
Today, there were 876 buy orders on BSE, against nil sell orders. This indicates excellent managerial performance. It has seen some new buying today and is hitting back-to-back upper circuits. Investors should keep an eye on this multibagger stock.