22 C
Mumbai
Friday, January 27, 2023

Multibagger shares surge over 130% YTD, ₹1 lakh converts to ₹2.30 lakh in 22 days

With a market value of $230.14 Cr, Mangalam Seeds Ltd. is a small-cap company operating in the Fast Moving Consumer Goods (FMCG) industry. One of the multibagger stocks that Indian stock market watchers have noticed so far this year (YTD) is the Mangalam Seeds stock. This stock has risen from $91 from January 2, 2023 to $209.60 level each as of today’s closing price, posting a multibagger return of 130.33% in 2023 thus far. Therefore, if investors had made their investment at the beginning of the current year, their assets would have doubled in 22 days.

Mangalam Seeds Stock Price History

Mangalam Seeds shares closed today at a circuit upper limit of 5% on $209.60 each level. The stock has been reaching its upper limit of the circuit since January 13, 2023 since $136 each level. Today the stock market registered a total volume of 4,805 shares. On 12-08-2015, at an issue price of $50 per share, the company was listed on the BSE. Since then, it has risen to the current market price, registering an all-time high of 685.02%. Therefore, an investment of $1 lakh made 8 years ago would be worth today $7.85 lakhs.

an investment of $1 lakh put into shares five years ago now would have grown to $2.11 lakhs thanks to growth in shares of $115 in January 2018 at the current price level, posting a multibagger return of 111.72%. In the past 3 years, the stock price has risen from $53.90 as of January 2020 at the current market price recording a multibagger return of 284.59%, therefore an investment of $1 lakh made in shares 3 years ago now would have become $3.84 lakhs.

an investment of $1 lakh made a year ago now would have grown to $2.45 lakhs thanks to rising stock price since $85.35 in January 2022 at the current price level, posting a multi-packer yield of 145.58%. Most notably, the share price skyrocketed from Rs. 91 on January 2, 2023, at the current market price, posting a multibagger return of 130.33% year to date. As a result, an investment of $1 lakh made in stock in early 2023 would now have accelerated to $2.30 lakh only in 22 days.

an investment of $1 lakh placed on the stock six months ago would now have grown to $2.25 lakh as the value of the shares has risen from $93 as of July 2022 at the current market price for the last six months, registering a multibagger profitability of 125.38%. In the past month, the stock price has risen from $89.10 at the current market price registering a multibagger return of 135.24%, therefore, an investment of $1 lakh made 1 month ago now would have become $2.35 lakhs.

Mangalam Seeds Key Points

Today the stock touched a new 52-week high. $209.60, while the stock had hit a 52-week low of $75.95 on (02/24/2022), indicating that after hitting a new 1-year high today, the stock was seen trading 175.97% above the 1-year low. At today’s closing price, the stock was trading above the 5, 10, 20, 50, 100, and 200-day simple moving average (SMA). For the quarter ended December 2022 or Q3FY23, the company recorded a 74.84% developer equity interest and a 25.15% public interest.

In Q2FY23, the company reported a net income of $12.43 Cr against $6.96 Cr registered in Q2FY22, posting a YoY growth of 78%. The company recorded net expenses of $10.03 Cr in the quarter ended September 2022 compared to $5.58 Cr registered in the quarter ended September 2021, registering an increase of 79%. Mangalam Seeds reported an EBIT of $2.40 Cr in Q2FY23 compared to $1.38 Cr in the quarter of the previous year. The net profit of the company reached $1.61 Cr in Q2FY23 compared to $0.71 Cr registered in the same quarter of the previous year, registering a YoY growth of 126%. Mangalam Seeds’ EPS per share stood at $1.47 in Q2FY23 compared to $0.65 in the quarter of the previous year. The company has yet to declare its Q3FY23 results.


Meet your inner investor
Do you have nerves of steel or do your investments give you insomnia? Let’s define your investment approach.

Take the test

See all business news, market news, breaking events and the latest news updates on Live Mint. Download The Mint News app for daily market updates.

more less

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles