Shares of this Multibagger stock in two Ace Investor’s portfolio hit the 5 percent upper circuit after the company released financial results for the quarter ended June 2023.
The stocks of Repro India Limited, with a market capitalization of Rs 1,036 crores, traded in the green on Thursday and closed at Rs 782 apiece. The company’s shares, during the last couple of trading hours, were locked in the 5 percent upper circuit and closed at the price mentioned above.
Keeping a purview of six months, the company’s stock has proven to deliver multibagger returns of approximately 110 percent. The same means that if someone would have invested Rs 1 Lakh, then, it would have converted to Rs 2.10 Lakhs within a period of six months.
The stock price movements were observed today post a BSE filing published on 9th August 2023 by the company consisting of the financial results for Q1FY23-24.
The company, on a quarterly basis, reported a dip in operating revenues as well as the net profit numbers with the former reducing from Rs 121.05 crores during Q4FY22-23 to Rs 119.53 crores during Q1FY23-24, and, the net profits falling from Rs 5.06 crores to Rs 3.04 crores.
On a contrasting note, the company reported positive movements YoY with the operating revenues moving up from Rs 105.46 crores during June 2022 to Rs 119.53 crores during June 2023, and, the net profits taking a shift from Rs 0.17 crores to Rs 3.04 crores exhibiting a jump of 1,688 percent during the period.
Mr. Vijay Kedia and Mr. Ashish Kacholia, two of the most renowned Ace Investors in India, have invested in the company’s stock. As per the June 2023 quarter, Mr. Vijay Kedia holds a total of 9,06,491 equity shares of the company equating to a 6.84 percent stake followed by Mr. Ashish Kacholia who holds 4,60,528 equity shares of the company, i.e., a 3.48 percent stake.
Repro India Limited is engaged in the business of providing print, content, and fulfillment solutions. The company prints magazines and other periodicals, maps, posters, books & brochures, etc. Geographically, it derives a majority of its revenue from domestic operations within India.
Written by Amit Madnani
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