Rs 252 to Rs 1,110; This fundamentally strong micro-cap company has turned Rs 1 lakh to Rs 4.45 lakh in 12 months
Pix Transmission with strong fundamentals has surged from Rs 737 to Rs 1,110 in a month and Rs 252 to Rs 1,110 in a year registered 345% in 12 months.
In the stock market rebound post-Covid-19 pandemic, a good number of stocks have entered the list of multibagger in 2021. Pix Transmission shares are one of such multibagger in the Indian stock market.
In one month, Pix Transmission shares have surged from around Rs 737 to Rs 1,110 levels, registering a nearly 52% rise in this period.
This multibagger micro-cap stock had closed on January 18, 2021, at Rs 252 on NSE whereas its close price on January 17, 2022, was Rs 1,110 on NSE. So, in 12 months, the multibagger micro cap stock has risen around 345%.
Impact on investment
Taking signal from the share price history of this multibagger stock, if an investor had invested Rs 1 lakh in this stock one month ago, its Rs 1 lakh would have turned to Rs 1.52 lakh today. If an investor had invested Rs 1 lakh in this stock one year ago, its Rs 1 lakh would have turned to Rs 4.45 lakh today provided the investor had remained invested in the stock to date
Reason for being a multibagger
The business is unique, hardly any peers are available. The quarterly sales shot up with great demand for their products. Their last 4 quarter numbers are super impressive. Revenue grew in a double-digit YoY of 29%/52%/72%/20% for the last 4-quarters respectively. Operating margins are consistently maintained above 25% for last 4-quarters. Earnings per share were at an all-time high of Rs 16.09 for March 2021 quarter. Company with strong fundamentals are always liked by the market.
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