Rs 341 to Rs 743; This smallcap packaging company has turned Rs 1 lakh to Rs 2.20 lakh a one year
Mold-Tek Packaging with strong fundamentals has surged from Rs 527 to Rs 743 in six months and Rs 252 to Rs 743 in a year registered 120% 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. Mold-Tek Packaging shares are one of such multibagger in the Indian stock market.
In six months, Mold-Tek Packaging shares have surged from around Rs 527 to Rs 763 levels, registering a nearly 44% rise in this period.
This multibagger smallcap stock had closed on 2nd February 2021, at Rs 341 on NSE whereas its close price on 1st February 2022, was Rs 743 on NSE. So, in 12 months, the multibagger smallcap stock has risen around 120%.
Impact on investment
Taking signal from the share price history of this multibagger stock, if you had invested Rs 1 lakh six months ago, it would have turned to Rs 1.44 lakh today. If you had invested Rs 1 lakh in this stock one year ago, it would have turned to Rs 2.20 lakh today, provided you remained invested in the stock to date
Reason for being a multibagger
They are India’s leading rigid plastic manufacturing company with a 22% market share. If you look at the recent performance, the quarterly sales shot up with great demand in the packaging industry. Their last 4 quarter numbers are super impressive. Revenue grew in a double-digit YoY of 51%/104%/34%/20% for the last 4-quarters respectively. Operating margins are consistently maintained above 20% for the last 4-quarters. Earnings per share were at an all-time high of Rs 6.49 per share for the March 2021 quarter. Company with strong fundamentals are always liked by the market.
Mold-Tek Packaging is engaged in the manufacturing of injection-moulded containers for lubes, paints, food and other products. Name any companies from Food, FMCG, Pharmaceuticals, Paint, Lubricant and Grease industry they would their client which would be more than 100.
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