This smallcap stock has delivered multibagger returns of 200 per cent in just 1 year despite high market volatility!
The stock has given 33 per cent returns in one month and 234 per cent returns in a year.
Shares of TCPL Packaging Ltd are trading at an all-time high, as the share price rose by more than 17 per cent to Rs 1675. The stock made a new all-time high of Rs 1696 in Friday’s session. Investors were seen attracted to this stock’s volume spurt by 2.5 times.
The gain in the price of stock was majorly due to good numbers posted by the company for its Q2FY23. The sales of the company grew by 43 per cent as compared to Q2FY22, whereas during the same period net profit grew by 4 times to Rs 40 crores from Rs 11 crores.
TCPL Packaging Ltd is a part of business group of the Kanoria family. The company is majorly engaged in production of folding cartons, printed blanks and outers, litho- lamination and shelf-ready packaging. It is the leading supplier of the tobacco, liquor and food packaging in India. The company had 8 manufacturing facilities as of FY22.
The company has given ROCE of 15 per cent and ROE of 15 per cent, with dividend yield of 0.61 per cent. Due to better business outlook, FIIs is increasing the stake in the company for past 4 quarters. The stock has given 33 per cent returns in one month and 234 per cent returns in a year.
Investors should keep an eye on this stock for any upcoming opportunities.