This multibagger stock delivered more than 1900 per cent returns in 2022!

The company was among the largest gainers in 2022, giving a whopping 1909.62 per cent returns in just one year

On Friday, shares of Hemang Resources gained and locked at 5 per cent upper circuit at Rs 62.70. The scrip witnessed a massive spurt in volume by more than 1.13 times. 

In the September quarter FY23, the company’s revenue stood at Rs 155.53 crore, while the revenue in the corresponding quarter last year was nil. The net profit also witnessed a massive jump to Rs 19.52 crore, while the company reported a net loss of Rs 5 lakh in the September quarter last year. 

Incorporated in 1993, Hemang Resources Limited is engaged in trading of all type of coal, stevedoring, logistic services and trading in land. The company (previously known as Bhatia Industries and Infrastructure Limited) is promoted by the Bhatia Group of Indore and is involved in coal trading, where coal is imported from coalfields in Indonesia and South Africa and is sold to domestic companies.  

The company was among the largest gainers in 2022, giving a whopping 1909.62 per cent returns in just one year. Keep a close eye on this trending multibagger stock.