{"id":94795,"date":"2023-03-13T14:05:00","date_gmt":"2023-03-13T08:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=94795"},"modified":"2023-03-13T14:03:06","modified_gmt":"2023-03-13T08:33:06","slug":"multibagger-textile-stock-hits-upper-circuit-delivers-138-08-in-one-month","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-hits-upper-circuit-delivers-138-08-in-one-month\/","title":{"rendered":"Multibagger textile stock delivers 138% returns in one month, hits upper circuit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1634506066\"><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>From \u20b9 310 to \u20b9 738.05 apiece, the shares of this multibagger textile stock zoomed 138.08% in a month\u2019s time. If an investor would have invested \u20b9 1 lakh in the company\u2019s shares a month ago, the value of their holdings would have been \u20b9 2.38 lakhs today!&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-468278789\"><!-- 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>With a market capitalization of \u20b9 300 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/514138\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Suryalata Spinning Mills<\/a><\/strong> (SSM) is a small-cap stock in the textile sector. The company manufactures and sells yarns such as polyester spun yarn, blended yarn and so on.\u00a0<\/p><p>The company\u2019s shares hit the 5% upper circuit and are locked at \u20b9 738.05 apiece in an otherwise weak market. This price is also its lifetime high. 45,577 shares had changed hands during Monday\u2019s early trades. Moreover, the share price gained a whopping 37.81% in the past five days.&nbsp;<\/p><p>SSM has a high return on equity of 27.77% and an ideal debt-to-equity ratio of 0.29. Its shares were trading at a price-to-earnings ratio (P\/E) of 5.83, which is significantly lower than the industry average of 60.39, indicating that the stock might be undervalued.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1329773555\"><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>Value Investor Manish Goel in his blog mentioned why he bought the shares of SSM. Quoting Warren Buffet, he said that the most important thing to look at before buying a stock is \u201cManagement Quality\u201d.&nbsp;<\/p><p>He highlighted that one unique quality about the management impressed him. The promoters\/management were giving dividends to the public shareholders, but were waiving off their own dividends and indicated that it was rare.&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\" id=\"h-disclaimer\"><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-2377295501\"><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>From \u20b9 310 to \u20b9 738.05 apiece, the shares of this multibagger textile stock zoomed 138.08% in a month\u2019s time. If an investor would have invested \u20b9 1 lakh in the company\u2019s shares a month ago, the value of their holdings would have been \u20b9 2.38 lakhs today!&nbsp; With a market capitalization of \u20b9 300 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":37503,"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":[1513,31],"tags":[2839,2660,3872,2844,3913,3912,2838,3770,2843,5575,5727,948,936,3153,3157,2597,7308,7312,7310,7311,7309],"class_list":["post-94795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-best-multibagger-stocks","tag-multibagger-stock","tag-multibagger-stock-india","tag-multibagger-stock-list","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2023","tag-multibagger-stocks-india","tag-multibagger-stocks-to-buy-in-2023","tag-multibagger-stocks-to-buy-now","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-suryalata-spinning-mills-ltd","tag-suryalata-spinning-mills-ltd-balance-sheet","tag-suryalata-spinning-mills-ltd-latest-news","tag-suryalata-spinning-mills-ltd-q3-results","tag-suryalata-spinning-mills-ltd-share-price"],"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>Multibagger textile stock delivers 138% returns in one month, hits upper circuit - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company\u2019s shares hit the 5% upper circuit and are locked at \u20b9 738.05 apiece in an otherwise weak market. This price is also its lifetime high. 45,577 shares had changed hands during Monday\u2019s early trades. Moreover, the share price gained a whopping 37.81% in the past five days.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=94795\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger textile stock delivers 138% returns in one month, hits upper circuit\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s shares hit the 5% upper circuit and are locked at \u20b9 738.05 apiece in an otherwise weak market. This price is also its lifetime high. 45,577 shares had changed hands during Monday\u2019s early trades. 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