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Multibagger stock under Rs 50: This small cap stock rallied more than 1800 per cent! Is it ready for next up move?
Multibagger stock under Rs 50: This small cap stock rallied more than 1800 per cent! Is it ready for next up move?

Multibagger stock under Rs 50: This small cap stock rallied more than 1800 per cent! Is it ready for next up move?

As of December 2022, Foreign institutional Investors (FIIs) and Domestic institutional Investors (DIIs) hold 4.71 per cent and 10.2 per cent stake of the company respectively. 

Prasad Chavan Article rating: 3.8

The broader markets remained under pressure on Thursday amid poor global sentiment. However, one stock that witnessed strong buying interest has surged over 11 per cent! Belonging from the plastic products industry, the scrip has rallied 1800 per cent from the covid lows which has attracted investors' attention.

Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!
Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!

Stock under Rs 50: This textile stock jumps nearly 38 per cent in last three days, watch out!

Going forward, company also aims substantial debt reduction, de-leverage balance sheet while adopting asset-light business model for future expansion.  

Karan Dsij Article rating: 3.9

The company has improved on operational margins and was able to reduce the loss from Rs. 20.35 crore in Q2FY23 to Rs. 5.54 crore in Q3FY23. EBITDA for Q3FY23 was reported at Rs.75.83 crore – higher by 95.7 per cent Q-o-Q from Rs. 38.75 crore reported for Q2FY23.

 

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