D Link India Limited saw its share open 12 percent higher on Monday’s session at Rs 235.50 levels against its previous close of Rs 209.90. It further gained 3 percent till the afternoon and was trading at Rs 240 levels.
In Q3FY23, D Link India Limited posted a total revenue of Rs 281.84 Crore, a jump of 18 percent Year on Year from Rs 238.32 Crore. In the previous quarter, their revenue stood at Rs 293.68 Crore.
Their net profit almost doubled in the quarter to be at Rs 27.44 Crore compared to Rs 9.46 Crore in Q3FY22. Their net profit jumped 21 percent from the previous quarter’s Rs 22.7 Crore.
D-Link is a global leader in designing and developing networking and connectivity products for consumers, small businesses, medium to large-sized enterprises, and service providers. It is one of the largest networking companies in India.
In the past six months, the stock has jumped by more than 46 percent. In February 2021, the shares of the company traded at Rs 105 a piece on NSE. From there, it has scaled up to the current levels logging a multibagger return of 128 percent in 2 years.
The multibagger stock forms part of ace investor Ashish Kacholia’s portfolio. As per the December 2022 holding pattern, the investor holds 7,50,000 shares or a 2.11% stake with a holding value of Rs 18 Crores. The promoters hold a 51.02 percent stake with zero shares pledged.
The small-cap company has a market capitalization of Rs 854 Crores and a dividend yield of 1.25%. The stock remains undervalued in the market at the TTM PE is 14.26 while the sectoral PE stands at 18.22.
Written by Anoushka Roy
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