Benchmark indices were in the green today with Sensex gaining 463 points and standing at Rs 61,112.44 and Nifty gaining 150 points and currently standing at Rs 18,065.
Listed below are 2 Multibagger Tata Group stocks that announced their results in the past week:
Tejas Networks Limited
Tejas Networks Limited is an optical and data networking products company that designs, develops, and manufactures high-performance products for building high-speed communication networks. Deriving the majority of its revenue from domestic sources, it serves telecommunications service providers, internet service providers, utilities, defense, and government entities.
Last week, the company announced results pertaining to the last quarter as well as for the financial year 2022-2023. In the same, the company has reported an increase in operating revenues from Rs 275 crores in Q3 to Rs 300 crores in Q4.
On a YoY basis, the above-mentioned metric increased from Rs 550 crores during FY21-22 to Rs 920 crores in FY22-23 exhibiting an increase of 67 percent.
Shares of Tejas Networks Limited gained nearly 4.5% today and closed at a price of Rs 657.80. In the last one-month period, the company has rallied over 15 percent from Rs 569 to the current levels.
In a span of two years, the stock has been able to deliver multibagger returns of around 250 percent. It means that if someone would have invested Rs 1,00,000 in the stock, it would have converted to Rs 3,50,000 within a period of two years.
Indian Hotels Company Limited
Headquartered in Mumbai, Maharashtra, the Indian Hotels Company Limited (IHCL) is an international leisure and hotel service company operating hotels under the brand names of SeleQtions, Vivanta, The Gateway, Ginger, Taj, etc. Apart from the domestic markets, the company conducts operations outside India in countries like the US, Malaysia, South Africa, the UAE, etc.
The company, this week, announced its results pertaining to the last quarter as well as for the financial year 2022-2023. In the same, the company has reported a slight decrease in operating revenues from Rs 1,686 crores in Q3 to Rs 1,625 crores in Q4.
On a YoY basis, the above-mentioned metric has grown from Rs 3,056 crores during FY21-22 to Rs 5,810 crores in FY22-23 exhibiting an increase of 90 percent.
Shares of Indian Hotels Company Limited saw an upside of up to 2.4 percent and closed at flat levels of Rs 340. In the last one-month period, the company has rallied over 6 percent from Rs 319 to the current levels.
In a span of 2 years, the stock has been able to deliver multibagger returns of 214 percent. It means that if someone would have invested Rs 1,00,000 in the stock, it would have converted to Rs 3,14,000 within a period of 2 years.
Written by Amit Madnani
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