Greetings, friends! I’m sure you’re already aware of the impressive bull run in the stock market. Finding a multi-bagger stock during such times is even more rewarding. This post is dedicated to those seeking a multi-bagger stock, and I have an exciting recommendation for you. Let’s dive into the details.
If you’re on the lookout for a potential multi-bagger stock, Innovators Facade Systems is worth considering. This stock has been consistently delivering strong returns to investors. Currently priced at ₹135.75, it has recently reached a new 52-week high of ₹144.30. The market capitalization of the company stands at ₹253.30 crore. However, it experienced a minor decline of 1.8% on 8th July, closing at ₹135.70 on that day. It’s worth noting that veteran investor Vijay Kedia has also invested in this stock.
In terms of financial performance, Innovators Facade Systems witnessed remarkable growth in the fourth quarter of FY23. Their revenue surged by 51% compared to the previous quarter, reaching ₹109.68 crore. In Q4 FY22, the revenue stood at ₹72.41 crore. Additionally, the company’s profit skyrocketed by an impressive 560% to ₹7.25 crore in the same quarter. Last year, during the corresponding period, the profit was ₹1.1 crore.
Vijay Kedia’s Investment
Dear friends, I am excited to share with you that the esteemed investor Vijay Kedia has included this stock in his investment portfolio. As of the March quarter of 2023, Vijay Kedia’s firm held 20,10,632 shares, representing a 10.66% stake in the company. According to the shareholding pattern, the promoters held 63.71% of the company’s shares during the financial year 2022-23.
Innovators Facade Systems is a multi-bagger stock that has witnessed a remarkable surge in its value. In just the past 8 trading days, it has provided an impressive return of approximately 60%. Moreover, in the last month alone, the stock has experienced a surge of 77.44%. Over a period of 6 months, it has delivered an exceptional return of 127% to its investors. Year-to-date, the stock has demonstrated substantial growth of 94%.
While these numbers are certainly enticing, it is important to remember that investing in any stock carries inherent risks. Therefore, I strongly advise consulting with a financial advisor before making any investment decisions.