This stock doubled investors’ money in 2021, gave great returns
Multibagger Stock Tips: The year 2021 has given a large number of multibagger stocks. In the shares of Deepak Nitrate, investors’ money has more than doubled so far in 2021. In comparison, the Nifty 50 index gained over 18 per cent and the S&P BSE Sensex index gained over 17 per cent.
This multibagger stock has increased from Rs 989 to Rs 2,145. It has risen by 116 per cent since the beginning of this year and by 184 per cent in the last one year. This multibagger stock has increased from Rs 989 to Rs 2,145. It has risen by 116 per cent since the beginning of this year and by 184 per cent in the last one year.
The company reported a net profit of Rs 302.63 crore for the quarter ended June 2021, as against Rs 98.95 in the year-ago period. Revenue from operations grew 126 per cent to Rs 1,526.22 crore in the June-ended quarter, from Rs 674.49 crore a year ago.
According to Markets Mojo, “The company has declared positive results for 4 consecutive quarters and has a strong debt servicing ability as the company has a low EBITDA ratio of 1.29 times. It has strong long-term fundamental strength with an average return on capital employed (ROCE) of 30.34%.
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