If you also invest money in the stock market, then you must have heard about multibagger shares. If these are such shares, they double the money of their investors in a fixed period. The more the stock which multiplies the money of the investors, the better it is considered as a multibagger. Today we are going to tell you about one such great multibagger share…
12 thousand percent increase in 10 years
Today we are telling you about the stock of Permanent Magnets. The stock of this company has given such a return that you will be surprised to know. In the last 10 years, the price of its shares has not increased by 100-200 or 1000 percent but by about 12 thousand percent.
wealth increases in this way
This company manufactures alnico cast magnets. Apart from this, the company also manufactures Yoga Assemblies. The price of its shares has increased by 11,940 percent during the last 10 years. This means that if an investor had invested only Rs 10,000 in the shares of this company 10 years ago and kept his investment on hold, the value of his investment would have increased to Rs 12 lakh today.
Its price has increased continuously
It is a small cap company and its market capitalization is currently Rs 1,050 crore. It is one of the flagship companies of Tapadia Group. It has continuously made its investors rich. In the last 5 years, its price has increased by 781 percent, while during the last 3 years, its price has gone up by 1,064 percent.
Good share of retail investors
If we look at the shareholding pattern of the company, the promoters currently hold the maximum stake in it. The promoters of the company currently hold 58.01 per cent stake. And the remaining 41.99 percent stake is public. Mutual funds and foreign investors do not have any stake in public shareholders. Retail investors hold 21 per cent stake in it.
Such is the performance of the company
During the quarter ending March 2023, the total revenue of the company was Rs 49.3 crore. This is 27 percent more than Rs 38.8 crore in the year-ago i.e. March 2022 quarter. However, the profit after tax of the company remained stable at Rs 8.79 crore.
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