Multibagger Stock: Incredible Gain of 400 Percent in 2 Years! Which stocks filled the pockets of investors? –

Multibagger Stock: Gravita India Limited is engaged in the business of manufacturing lead metal through recycling and smelting process and other lead products. The company’s product range includes pure lead ingots, lead alloys, litharge, red lead and lead sub-oxide. The company is dedicated to lead and lead products with eco-friendly processes. The company is one of the largest lead producers in India.

The company’s share price rose from Rs 79.6 on 14 January 2021 to Rs 444.50 on 13 January 2023, a gain of over 450% in the last two years of holding period. The stock has given mind-blowing returns in the previous 2 years, while the S&P BSE Smallcap index has returned around 55% in the last two years.

On a consolidated basis, the company’s net revenue rose 25% YoY to Rs 682.6 crore in the latest quarter, Q3FY23. Bottom line grew 15.30% YoY to Rs 45 crore. The stock is currently trading at a TTM PE of 18.29x, against an industry PE of 8.46x. The company achieved ROE and ROCE of 45.20% and 31.19%. The company is a component of Group A stocks and manages a market capitalization of Rs 3,188.86 crore

Stock market update

Stock market update

Today, the stock opened with a high of Rs 453.15 and a high and low of Rs 464.55 and 453.15. The stock has a 52-week high and low of Rs 473.20 and Rs 230.95 respectively on BSE.

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