{"id":103564,"date":"2023-05-29T18:29:03","date_gmt":"2023-05-29T12:59:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103564"},"modified":"2023-05-29T18:29:05","modified_gmt":"2023-05-29T12:59:05","slug":"2-multibagger-stocks-hit-20-upper-circuit-after-robust-results-do-you-own-any","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-multibagger-stocks-hit-20-upper-circuit-after-robust-results-do-you-own-any\/","title":{"rendered":"2 Multibagger stocks hit 20% upper circuit after robust results; Do you own any?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-829392930\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Continuing their gaining streak, benchmark indices were in the positive territory for the third day in a row. The Sensex settled nearly 350 points or 0.54% higher, to end at 62,846 points, while the Nifty advanced by 99 points or 0.54% to end at 18598 points. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3980605786\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Sensex is now merely 737 points away from its all-time high of 63,583.07, and the Nifty is 289 points away from its all-time high of 18,887.\u00a0<\/p><p>While the indices were deep in the green, two stocks gained 20% each, and were locked in the 20% upper circuit:&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-nucleus-software-exports-ltd\"><a href=\"https:\/\/portal.tradebrains.in\/stock\/NUCLEUS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Nucleus Software Exports Ltd.\u00a0<\/strong><\/a><\/h4><p>Shares of Nucleus Software Exports opened higher on Monday and continued to rise to hit the 20% upper circuit. Its shares were locked at \u20b9 971.15 apiece, against their previous closing price of \u20b9 809.30.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1216601999\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company provides lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 200 financial institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas.&nbsp;<\/p><p>In the past year, the company\u2019s share price increased from \u20b9 414.10 to \u20b9 971.15, making multibagger returns of 134.52% for its investors.&nbsp;<\/p><p>Nucleus Software Exports reported revenue of \u20b9 206.20 crores in the fourth quarter (Q4FY23), up 34.74% as compared to \u20b9 153.04 crores in the corresponding quarter a year ago (Q4FY22). Its profit increased by a massive 269.87% to \u20b9 67.65 crores in Q4FY23, against \u20b9 18.29 crores in Q4FY22.&nbsp;<\/p><p>For the entire year (FY23), it reported a revenue of \u20b9 634.46 crores against \u20b9 497.19 crores reported in the previous year (FY22), indicating an increase of 27.61%. Its profit grew by a whopping 212.37% to \u20b9 127.79 crores in FY23, against \u20b9 40.91 crores in the previous financial year.&nbsp;<\/p><p>The company\u2019s board has announced a final dividend of \u20b9 10.00 per equity share having a face value of \u20b9 10.00 each, subject to shareholders\u2019 approval.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CENTUM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Centum Electronics Ltd.\u00a0<\/a><\/strong><\/h4><p>Shares of Centum Electronics opened higher on Monday and continued to rise to hit the 20% upper circuit. Its shares were locked at \u20b9 971.45 apiece, against their previous closing price of \u20b9 809.55.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-4151288117\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company designs and manufactures advanced microelectronics modules, frequency control products, printed circuit board assembly and resistor networks catering to the communications, military, aerospace, transportation and industrial electronics markets.<\/p><p>In the past year, the company\u2019s share price increased from \u20b9 460.75 to \u20b9 971.45, making multibagger returns of 110.84% for its investors.&nbsp;<\/p><p>Centum Electronics reported revenue of \u20b9 305.02 crores in the fourth quarter (Q4FY23), up 37.87% as compared to \u20b9 221.24 crores in the corresponding quarter a year ago (Q4FY22). Its profit increased by a massive 152.27% to \u20b9 33.81 crores in Q4FY23, against \u20b9 13.40 crores in Q4FY22.&nbsp;<\/p><p>For the entire year (FY23), it reported a revenue of \u20b9 884.20 crores against \u20b9 733.38 crores reported in the previous year (FY22), indicating an increase of 20.57%. Its profit grew by 48.87% to \u20b9 12.14 crores in FY23, against \u20b9 8.15 crores in FY22.&nbsp;<\/p><p>The company\u2019s board has announced a final dividend of \u20b9 4.00 per equity share having a face value of \u20b9 10.00 each, subject to shareholders\u2019 approval.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3264801390\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Continuing their gaining streak, benchmark indices were in the positive territory for the third day in a row. The Sensex settled nearly 350 points or 0.54% higher, to end at 62,846 points, while the Nifty advanced by 99 points or 0.54% to end at 18598 points. The Sensex is now merely 737 points away from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8797,2660,3913,3912,2843,948,936,3153,2599,2971,5363,4787],"class_list":["post-103564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-latest-stock-market-news","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks-india","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stocks-to-watch-in-2022","tag-trending-news","tag-trending-stock","tag-upper-circuit-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Multibagger stocks hit 20% upper circuit after robust results; Do you own any? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Continuing their gaining streak, benchmark indices were in the positive territory for the third day in a row. 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