The shares of Xpro India Limited had declined marginally and were trading at Rs 749 before the closing hours on Wednesday. In the last five days, the stock has zoomed by approximately 7 per cent.
XPRO India Ltd, part of Birla Group, is engaged mainly in the business of polymers processing and stands as a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners, and speciality films
Ace Investor and stock market trader Ashish Kacholia has increased his stake in this multibagger stock. The investor added 3,19,984 shares in the quarter ended September, taking his total shareholding to 779,350 shares or 4.40% stake with an investment of Rs 59.5 Crores.
In October 2020, the shares of Xpro India were trading at Rs 13.67 a piece on NSE. From there it has spiked up to the current levels logging a multibagger return of 5,380% in two years.
If an investor would have invested Rs 1 lakh in the company in 2020 their investment would be worth Rs 54.8 lakhs in just two years.
The financials of the company have been improving as their total revenue in Q1FY22 stood at Rs 159 crores which was an increase of 75 per cent from Rs 91crores in the same period the year prior.
Their net profit in the Q1 of FY22 stood at Rs 18 crores which is an increase of 260 per cent Year on Year (YoY) from Rs 5 crores.
The company has a market capitalization of Rs 1,332 Crores and a dividend yield of 0.27% as of October 19th, 2022. The promoters hold a 50.02 per cent stake in the company and have pledged a 15 per cent stake.
Written by Anoushka Roy
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