Multibagger Stocks: Over 300 Percent Returns in 2 Years! Which stocks gave incredible returns to investors? –

Multibagger Stock: Precol Limited is engaged in the business of manufacturing and selling instrument clusters and other allied automobile components to the Original Equipment Manufacturer (OEM) and replacement markets. Precol started its operations in Coimbatore, South India in 1975 to manufacture automotive parts. The company now supplies leading automobile and industrial brands with precision-engineered technology solutions in more than 45 countries.

As of December 27, 2022, Pricol’s shares were trading at Rs 189.10, a return of nearly 300% over the past two years. The stock traded at Rs 46.85 on December 29, 2020 and has given mind-blowing returns over a holding period of two years. Whereas the S&P BSE SmallCap Index has returned over 65% in the last two years since December 21, 2020.

On a consolidated basis, the company’s net income fell 26.6% YoY to Rs 501 crore in the latest quarter, Q3FY23. Bottom line declined 224% YoY to Rs 47.5 crore. The company is currently trading at a TTM PE of 21.3x against an industry PE of 33.4x. The company achieved ROE and ROCE of 9.9% and 14.5%. It is a component of Group A stocks and has a market capitalization of Rs 2,304.78 crore.

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Today, the stock opened at Rs 190.65 and opened with a high and low of Rs 190.90 and 185.10 respectively. The stock has a 52-week high and low of Rs 216.70 and Rs 96.45 respectively on BSE.

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