multibagger stocks to buy, 300 rupees investment.. 2.5 lakhs profit.. Do you know about that multibagger stock? – shares of this engineering company delivered have delivered over 160 percent returns to its investors check the details here

multibagger stocks to buy, 300 rupees investment.. 2.5 lakhs profit.. Do you know about that multibagger stock?  – shares of this engineering company delivered have delivered over 160 percent returns to its investors check the details here
Elecon Engineering Company Limited stock has grown by 160 percent in the stock market today and has given multipacker returns to its investors. Two years ago an investment of Rs 1 lakh in the shares of this company would have turned into Rs 2.6 lakh today.

The share price of the company has risen from Rs.144 on March 29, 2021 to Rs.370.10 on March 24, 2023. It has risen by around 160% in the last two years. The company is part of the S&P BSE SmallCap Index.

The company’s net profit for the third quarter of the current financial year (Q3FY23) rose 42.8% year-on-year to Rs 388.8 crore. The bottom line increased by 98.3% to Rs 61.9 crore in the third quarter of the current financial year (Q3FY23). The company is currently trading at 19.7x on TTM PE of 29x.

As of FY2022, the company’s ROCE is 17.5% and ROE is 14%. The market capitalization of the company is Rs.3,966.83 crore.

The stock touched a 52-week high of Rs.476.00 and a 52-week low of Rs.137.90. Today, the price of one share of the company has risen to Rs.355.80. You can add this stock to your watch list as experts have said that this stock will be more profitable in the coming weeks.

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