The shares of National Standard (India) Ltd opened at Rs 4,770 and rallied to hit an upper circuit of 20 percent in the early hours of the last trading day of the week. The stock has gained more than 40 percent in the last five days after it posted strong quarterly earnings.
In Q3FY23, the total income of the company stood at Rs 8.55 Crore on a stand-alone basis which jumped by more than 93 percent Year on Year from Rs 4.42 Crore. On a Quarter on the Quarter basis, their revenue jumped 145 percent from Rs 3.49 Crore.
Their net profit in the quarter that ended in December stood at Rs 3.23 Crore, a jump of 13 percent Year on Year and an increase of 317 percent Quarter on Quarter from Rs 77 lakhs.
National Standard (India) Limited is engaged in the business of Real Estate Development. It is a part of the Lodha Group since May 2011.
The shares of the company have risen from Rs 513 a piece in January 2021 up to the current levels, logging a multibagger return of 975 percent in the period. An investment of Rs 1 lakh then in the company would be worth Rs 10.75 lakhs in just 2 years.
The small-cap companies have a market capitalization of Rs 11,421 Crore. The promoter, Macrotech Developers Limited holds a 73.94 percent stake which has remained unchanged in the last five quarters. In addition to this, the promoter’s pledge also stands at zero and the company has zero debt on its balance sheet.
Written by Anoushka Roy
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
