This stock turned into a multibagger in one year, investors got 150% return

Multibagger Stock: Every year in the stock market, some investors make a profit of crores. Many stocks get converted into multibagger stocks every year. Today we are telling you about the increase in the share prices of Mphasis Limited, which has given investors benefits of lakhs in the last one year. 12 months ago the price per share was Rs 1198, which is now Rs 3001 per share. Share has been reached.

5 lakhs invested in one year Rs 12.52 lakhs
Recently, the share price of Mphasis Limited rose 5.46 percent to an all-time high of Rs 3001.65 on BSE. This multibagger stock has risen from Rs 1,198 to Rs 3,001.65 in the last 12 months. In one year, it has given a profit of about 150 percent to its investors. An amount of Rs 5 lakh invested in this logistics stock a year ago has now turned into Rs 12.52 lakh. The stock is trading higher than the 5-day, 10-day, 20-day, 50-day, 100-day and 200-day moving averages with a market capitalization of Rs 53,707 crore.

According to a report, the debt to equity ratio (average) of the company is -0.29 times less. Also it has high manageability with high ROE of 17.58%. The company has a high institutional stake of 39.26%. The company reported a net profit of Rs 339.69 crore for the quarter ended June 2021, as against Rs 275.12 crore in the year-ago period. Revenue from operations grew 18 per cent to Rs 2,690.83 crore in the June-ended quarter, from Rs 2,288.21 crore a year ago. The company’s EPS increased to Rs 18.16 in June 2021 from Rs 14.75 in June 2020.

The company has kick-started FY22 with a record deal win of USD 505 million in its direct business so far, which is the highest ever in the history of Mphasis. Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis said, “We are focused on staying consistent with our performance by keeping the transformation needs of our customers at the center of our strategy and execution. The investments we have made in the business model are driving growth and differentiation for us and our financial performance for the quarter is a result of this.”

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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