- Its share price surged from 25.50 levels to ₹477.10 in one year.
- The share price was up 1.9% in the last trading session
- The reason for an increase in its share price could be the increase in its total income from 5.68 crores in Q3FY21 to 32.46 crores in Q3FY22. This is a whopping 497.56% increase.
Ritesh Properties and Industries Ltd is another multi-bagger stock that gave its investors multi-bagger returns in one year. A year ago, it was trading at 25.50 levels, and currently, it is trading at ₹477.10 apiece. Investors who invested a year ago probably made a massive 1771%.
The stock price reached its 52-week high at ₹535 and investors who sold at this point made 1998% returns!
The company is engaged in the development of an approved Integrated Industrial Park in Ludhiana. It started with agricultural products in 1987 and has since diversified its product portfolio. It derives 57% of its revenue from trading in securities, derivatives and financial instruments, 42% from its textile business and 1% from real estate activities.
The company is currently developing Hampton Homes, a part of a 40-acre township. It has got approval to issue unsecured optionally fully convertible debentures aggregating to 9 crores and convertible into 42 lakh equity shares on a preferential basis.
The reason for an increase in its share price could be the increase in its total income from 5.68 crores in Q3FY21 to 32.46 crores in Q3FY22. This is a whopping 497.56% increase.
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