How much power is left in a company that gives double returns in a year

Share Market Multibagger Return: The Indian stock market has been going through a boom in the last year. Many stocks are performing well in this. Especially from penny stocks to giant stocks, everyone seems to be doing amazing. One such large cap stock is SRF Limited which has more than doubled the wealth of investors in one year.

Talking about November 18, 2021, during trading on BSE, this stock rose by 4 percent to Rs 2244.15. At the end of trading, it closed at Rs 2187.50 with a gain of 1.32 percent. Exactly a year before this i.e. on 18 November 2020, this stock was priced at just Rs 1005.

Bumper boom in 1 year

In the last one year, this large cap stock has grown by about 123 per cent and since the beginning of this year i.e. January till now it has grown close to 96 per cent. In this way, this stock has more than doubled the money of investors in a year. The market cap of the company has increased to Rs 64,000 crore.

company business

In the quarter of September 2021, the company’s net profit increased by 21 percent to reach Rs 382.45 crore. A year ago i.e. in September 2020, the company’s profit was Rs 315 crore. In the quarter of September 2021, the company’s sales increased by 35 percent to Rs 2,838.97 crore. This company is in many businesses like Automotive, Chemical, Pharmaceuticals, Food and Agro, Air Conditioning. The way the business of this company is diversified, it is also likely to show growth in the coming days.

Ashish Bharat Ram, Managing Director of the company says that this is another good quarter for the company. Due to various national-international factors, we have seen an increase in the major raw material and logistics cost. There have been many challenges related to Kovid and supply disruption, despite all this we have been able to deliver good results.

Brokerage firm ICICI Securities believes that the company’s September quarter results are not very encouraging, but it expects the company to perform better in the second quarter of this financial year. The reason for this is that margins in its chemical business will increase further.

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