Multibagger penny stock turned Rs 1 lakh into Rs 80.6 lakhs with 41.5 per cent CAGR profit growth!
If an investor would have invested a total sum of Rs 1,00,000 back then the total number of shares bought would be nearly 11,481 shares
Fairy tales have been a part & parcel of everyone’s childhood. From giving us a good night’s sleep to encouraging us to face adversity with courage, these fairy tale writers of Cinderella to Snow White, have shaped our lives in the most imaginative and creative way. Sadly enough, as we grow up, we realise that those fairy do not take place in real life but were just imaginations of creative writers.
However, as we know everything is possible on D-Street and in this article, we will share a stock, which would make you believe in fairy tales all over again! This rags-to-riches story of a penny stock seems to come straight from a fairy tale world to real life. Can you believe a stock that was trading in single-digit a couple of years back is now trading in three digits? Hard to believe but it is true!
The stock that we are talking about is XPRO India Ltd. The Company is engaged mainly in the business of polymers processing at multiple locations and is a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners and specialty films (including dielectric films and special purpose BOPP Films).
Coex Division contributes nearly 71 per cent of revenues as per FY2021-22. The company's Coex Division manufactures coextruded sheets, thermoformed refrigerator liners and co-extruded cast films. Its products are used for refrigerator liners, disposable containers, automotive parts, etc. It continues to be a leading supplier of sheets and liners in India for white goods of most leading brands.
The stock was a penny stock back then in 2020, the stock made a low of Rs 8.71 in the month of March 2020. If an investor would have invested a total sum of Rs 1,00,000 back then the total number of shares bought would be nearly 11,481 shares, the current valuation of total holding would come to Rs 80,59,662. This stock turned out to be a gem of a multibagger.
The Small-Cap stock has delivered good profit growth of 41.5 per cent CAGR over last 5 year and promoter holding has increased by 1.35 per cent over last quarter.
Where you aware about this hidden gem, let us know in the comment section.