This multibagger stock jumped over 240% in one year, reached all-time high today

Multibagger Stock Tips: Shares of Prince Pipes and Fittings Limited have given more than 240 per cent return to its shareholders in the last one year. The stock rose 8.5 per cent to an all-time high of Rs 824.95 on the Bombay Stock Exchange (BSE) on Monday.

In the last one year, the share price increased from Rs 240 to Rs 824.95. It gave a return of about 243 percent in this period. Its stock has jumped about 173 percent since the beginning of this year. With a market capitalization of Rs 8975 crore, the shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

The plastic pipe maker reported a standalone profit of Rs 76 crore for the quarter ended September 2021, as against a net profit of Rs 46.5 crore in the year-ago quarter. The company’s net revenue grew by 66 per cent to Rs 761 crore during the quarter.

According to Marketsmojo, the company has declared positive results for the last 5 consecutive quarters and has strong long-term fundamental strength with an average Return on Equity (ROE) of 23.12 per cent.

Prince Pipes & Fittings Limited (PPFL) is one of the leading Polymer Pipes & Fittings manufacturers in India in terms of number of Stock Keeping Units (SKUs) and Distributors. It markets its products under two brand names: Prince Piping Systems and Truebore.

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