Multibagger Share: Shares of a company involved in iron and steel products have given more than 1100 percent returns in the last 5 years. 5 years ago the share price was not even Rs 30 but today it is at the level of Rs 350. According to BSE data, the share price has strengthened by 95 percent so far in the year 2024. this is share gallant steel (Gallant Steel).
The old name of the company was Gallant Metal Limited. Its stock has strengthened 87 percent in the last one year and 3 percent in a week. The market cap of the company is Rs 8400 crore. By the end of September 2024, promoters held 68.93 percent stake.
Investment of Rs 50000 becomes Rs 6 lakh in 5 years
Gallantt Ispat’s share price was Rs 28.4 on BSE on 26 December 2019. The share closed at Rs 350.05 on 27 December 2024. This means 1132.57 percent return in 5 years. If you calculate, the amount of Rs 25,000 invested in shares 5 years ago would have become Rs 3 lakh today, provided the shares were not sold. Similarly, an investment of Rs 50,000 would have become Rs 6 lakh and an investment of Rs 1 lakh would have become Rs 12 lakh.
Multibagger Stock: ₹1 lakh turned into ₹4200000 in 5 years, got 46% return in just one year
The stock hit a 52-week high of Rs 406 on BSE on September 2, 2024. 52 week low of Rs 167.90 seen on January 2, 2024. The upper price band for the share is Rs 367.55 and the lower price band is Rs 332.55. The circuit limit is 5 percent.
financial position of the company
According to data available on BSE, Gallant Ispat’s standalone revenue in the July-September 2024 quarter stood at Rs 942.57 crore. Meanwhile, standalone net profit was recorded at Rs 48.89 crore. In FY 2024, revenue was Rs 4,227.12 crore and net profit was Rs 225.34 crore. The company had said in the beginning of December that it had received partial SGST reimbursement of Rs 80.45 crore from the Gujarat and Uttar Pradesh governments under the Industrial Promotion Policies.
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Disclaimer: The information provided here is based on share performance. It is important to note that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.