₹ 9.60 to ₹ 450: Multibagger inventory turns ₹ 1 Lakh to ₹ 46.57 Lakhs in simply 4 years 


On Friday, the Sensex and Nifty prolonged their rally for the fifth consecutive day, reaching new 52-week highs supported by widespread shopping for in numerous sectors and main shares. 

Nonetheless, by the shut of buying and selling, each benchmark fairness indices ended the session in damaging territory. The NSE Nifty 50 closed 33.90 factors or 0.14 p.c decrease to complete the day’s buying and selling at 24,010.60 whereas the BSE Sensex dipped 210.45 factors or 0.27 p.c to complete the day’s buying and selling at 79,032.73. 

Listed under is a microcap inventory that has delivered multibagger returns of 4,557 p.c to its stakeholders in 4 years: 

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With a market capitalization of Rs. 493 crores, the shares of Meghna Infracon Infrastructure Ltd began Friday’s buying and selling session on a better observe at Rs. 466, gaining round 2 p.c in comparison with its earlier shut of Rs. 447.90 and closed the day at round Rs. 450 apiece. 

In June 2022, the inventory value was buying and selling at Rs. 9.60 exhibiting a acquire of round 4,557 p.c in comparison with the present value. For instance, if somebody had invested Rs. 1 lakh into the corporate’s inventory 2 years in the past, it might have transformed to roughly Rs. 47.29 lakhs now. 

Wanting on the firm’s monetary statements, the income jumped by 28 p.c from Rs. 7.41 crores throughout the December quarter to Rs. 9.49 crores within the March quarter. As well as, the online earnings surged by 38 p.c from Rs. 40 lakhs to Rs. 55 lakhs. 

Evaluating the identical metrics on a YoY foundation, the income surged by 268 p.c from Rs. 2.58 crores throughout Q4FY23 to Rs. 9.49 crores in Q4FY24. However, the online earnings showcased a transition from a internet lack of Rs. 2.35 crores to a internet revenue of Rs. 55 lakhs. 

Just lately, the corporate launched a brand new residential venture named ‘RIVAAN’ in Goregaon (West), Mumbai. Spanning roughly 1 lakh sq. ft, this venture represents a pivotal development for the corporate because it strives to solidify its place as a premier developer of upscale actual property in Mumbai. 

The venture introduces an revolutionary neighborhood dwelling idea, providing residents 1 and a pair of BHK residences together with business models on the primary ground. 

When it comes to key monetary metrics, the corporate reported a Return on Fairness (RoE) of 24.03 p.c and a return on capital employed (RoCE) of 25.84 p.c for the interval spanning FY23-24. Additional, the online revenue margin stood at 6 p.c throughout the identical timeframe. 

In keeping with the newest shareholding sample, the Promoters maintain 46.92 p.c of the stake, the Public holds 52.90 p.c of the shares, and the remaining 0.18 p.c of the stakes are held by Overseas Institutional Buyers (FIIs). 

The corporate was previously often known as Naysaa Securities Restricted and adjusted its title to Meghna Infracon Infrastructure Restricted in Could 2024. It supplies funding advisory providers, and investment-related instruments and providers in India. 

Written By Vaibhav Patil


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