Watch out for this multibagger stock in the upcoming trading sessions

Watch out for this multibagger stock in the upcoming trading sessions

Indian Market
by 5paisa Research Team Last Updated: 2022-08-23T15:41:03+05:30

The shares of this company made a fresh 52-week high on 23 August.

Adlabs Entertainment Ltd owns and operates Adlabs Imagica, also known as Imagicaa World. It is engaged in providing a theme park, offering fun, action, entertainment, dining, and shopping at a single location. It offers thrill rides, family rides, streets of imagica, red bonnet American dinner, etc. The company was founded in 2010 and is based in Khalapur (Maharashtra). It is also engaged in the business of tickets, merchandise, food, and beverages. 

On 24 June, the company announced that Malpani Group has acquired a majority stake and control in Imagicaaworld Entertainment Ltd. MPG acquired a 66.25% stake in the company by way of preferential allotment of equity shares worth Rs 415 crore.

Quarterly Results:

In Q1FY23, revenue grew by 4466.34% YoY to Rs 88.86 crore from Rs 1.95 crore in Q1FY22. On a sequential basis, the top line was up by 168.13%. PBIDT (Ex OI) was reported at Rs 38.98 crore, up by 615.36% as compared to the year-ago period and the corresponding margin was reported at 43.87%, expanding by 43256 basis points YoY. PAT was reported at Rs 532.27 crore, up by 813.05% from Rs -74.65 crore in the same quarter of the previous fiscal year. The PAT margin stood at 598.99% in Q1FY23 expanding from -3835.92 per cent in Q1FY22. 

Imagicaaworld Entertainment has a market capitalisation of Rs 1,375 crore.  

The shares of this company are up by 75% in a month and have climbed 20% in just five days. The stock has been consistently hitting its 5% upper circuit levels for the past two weeks and witnessed a spurt in volume by 2x on 23 August 2022.  

Today, the stock hit a fresh 52-week high of Rs 35.15 and it has a 52-week low of Rs 7.11. The stock is up by 4.93%. 


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