From Rs 6.02 to Rs 116: This penny stock turned into a multibagger in a year

From Rs 6.02 to Rs 116: This penny stock turned into a multibagger in a year

by 5paisa Research Team Last Updated: Mar 24, 2022, 02:34 PM IST

If you had invested Rs 1 lakh in this multibagger stock year ago, it would have turned to Rs 19.3 lakh today.

Sindhu Trade Links stock has given investors fantastic profits over the last year. The share price ended at Rs 6.02 on March 24, 2021, and traded at Rs 116.20 on March 22, this year, a gain of 1,830.23%. But this is not a single year when this multibagger penny stock has delivered stellar returns. It has a history of generating an alpha return. In 5 years, Sindhu Trade Links share price has risen from Rs 2.68 to Rs 116.20 levels, appreciating to the tune of near 4,235.82%.

Taking a cue from Sindhu Trade Links share price history, if an investor had invested Rs 1 lakh in this multibagger stock six months ago, its Rs 1 lakh would have turned to Rs 4 lakh today. If an investor had invested Rs 1 lakh in this multibagger penny stock one year ago, its Rs 1 lakh would have turned to Rs 19.3 lakh today. Similarly, if an investor had invested Rs 1 lakh in this stock around 5 years ago buying one share at Rs 2.68 apiece, then its Rs 1 lakh would have turned to Rs 43.35 lakh today provided the investor had remained invested in the multibagger stock throughout this period.

In Q3FY22, revenue grew by 36.24% YoY to Rs 281.5 crore from Rs 206.62 crore in Q3FY21. On a sequential basis, the top-line was up by 42.47%. PBIDT (Ex OI) was reported at Rs 76.72 crore, up by 152.25% as compared to the year-ago period and the corresponding margin was reported at 27.25%, expanding by 1253 basis points YoY. PAT was reported at Rs 28.32 crore, up by 452.6 per cent from Rs -8.03 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.06% in Q3FY22 expanding from -3.89 per cent in Q3FY21.

At 10:32 am on Thursday, the stock of Sindhu Trade Links was seen trading at Rs 116.1, down by 2.68% or Rs 3.2 per share. The 52-week high of the scrip is recorded at Rs 166.2 and the 52-week low at Rs 5.32 on the BSE.

 

Also read: Is ITC finally set to break out into a super bull cycle?

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