Unlock the Secret to Mega Wealth Creation: This Small-cap Stock Ticks All the Boxes with Impressive Results!
The stock gave multibagger returns of 111.23 per cent from its 52-week low of Rs 164.75 per share.
Today, shares of JTL Industries Ltd zoomed 6.05 per cent to Rs 348 per share from its previous closing of Rs 328.15. The stock has a 52-week high of Rs 372.70 and a 52-week low of Rs 164.75.
On April 26, 2023, the company announced its Quarterly Results & annual results, wherein it reported amazing numbers. The net sales rose by 13.23 per cent, operating rose by 89.29 per cent and net profit rose by 100 per cent in Q4FY23 over Q4FY22. In FY23, net sales rose by 58.98 per cent, operating profit rose by 76.72 per cent and net profit rose by 80 per cent over FY22.
JTL Industries Limited, formally known as JTL Infra Ltd, manufactures steel products. The Company offers electric resistance welded steel pipes, tubes, hollow sections and structural steel products. JTL Industries serves customers worldwide. The shares of the company saw a spurt in volume by more than 1.50 times on BSE.
The company has a market cap of over Rs 2,800 crore. The stock has an ROE of 60 per cent and a ROCE of 55.80 per cent. The promoters of the company have increased their stake by 12.6 per cent over the last quarter.
The stock gave multibagger returns of 111.23 per cent from its 52-week low of Rs 164.75 per share. Investors should keep an eye on this Small-Cap stock.