Shares of this NBFC delivered 334% returns in just 6 months
An investment of Rs 1 lakh in this NBFC stock would have become Rs 4.5 lakh in 2 years.
Shares of Delhi-based investment company have delivered multibagger return to its investors in just 6 months, as the scrip has surged a whopping 332 per cent in just 6 months to Rs 159.85 apiece today from the levels of Rs 36, six months back.
Incorporated in 1983, Akashdeep Metal Industries Ltd. is a non-banking financial company. It is engaged in investment in shares, stocks, debentures, debentures-stock, bonds, mutual funds, obligations and securities issued or guaranteed by any company constituted or carrying on business in India. It also provides loans and advances to industrial enterprises, corporations and individuals.
Shares of this multibagger NBFC have logged a fresh all-time high in today’s session at Rs 159.50, overwriting the previous all-time high of Rs 152.30. The stock is currently locked in the upper circuit limit of 5% over its previous close of Rs 152.25.
The stock has also outperformed the Frontline index S&P BSE Sensex which has given negative returns of 4.37% in the last six months. In the last two years, Sensex has given simple returns of 43% as compared to Akashdeep Metal Industries which has zoomed by 450%.
Shares of Akashdeep Metal Industries command a market capitalisation of Rs 167 crore and have only 1 subsidiary company - Anmol Financial Services.
For the year ended March 31, 2022, Akashdeep Metal Industries reported revenue from operation of Rs 969.11 lakh of which Rs 859.2 lakh came from Interest Income and Finance charge while Rs 109.91 lakh was attributable to Profit on sale of Investments.
Of the total loan outstanding as of March 31, 2022, 86% of the loans are extended to related parties.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
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