Multibagger Stock: The Indian stock market has performed the best this year in spite of the global economic crisis as compared to all the stock markets in the world. In this boom, there are many stocks which have given multibagger returns to the investors. Today we are talking about one such stock which is a small medium company in steel sector named Kamdhenu Limited.
Share gave Kamdhenu return!
If we look at the stock of Kamdhenu, within just one and a half months, the stock has given 190% return to the investors. On October 25, 2022, the next day of Diwali, the stock was trading at Rs.129. And on December 15, 2022, the stock is trading at Rs.374. Diwali The stock has remained a rocket ever since. At the same time, the company has given 246 per cent returns in two years and 314 per cent in three years.
190% return in 50 days
If an investor had invested Rs 1 lakh to buy Kamdhenu shares on October 25, 2022, he would have got 775 shares. Whose value would have now increased to Rs 2.90 lakh. Means direct benefit of Rs 1.90 lakh.
what does the company do
Kamdhenu Limited is a small to medium sized steel company. Which specially makes Sariya Chhad Desi building material. Apart from this, the company also produces paints apart from wire, pipes. In 2021-22, the company’s revenue was Rs 840 crore and the company had a profit of Rs 26 crore. However, after Kovid, a decline in the company’s revenue was seen. But after the boom in the construction sector, some recovery is being seen.