Multibagger Stock: RatanIndia Enterprises share price is appreciating after announcing its strong Q4 results. RatanIndia shares, one of the multibagger stocks in 2021, have hit the upper circuit for four consecutive days as it has been hitting the upper circuit since Monday. In its Q4 results announced on Monday via Indian exchanges, drone maker ahs reported a total income of Rs. 47.90 crore against 0.53 crore in Q3 FY22 and 0.76 cr in Q4FY21.
Ratanindia Enterprises share price history
As mentioned above, it Multibagger Drone Stock This multibagger stock has gained over 34 per cent in the past one week, looks upper circuit since last 4 straight sessions. This small-cap stock has boomed in the last one month 40.80 to 56.85 levels, up nearly 40 percent. After climbing to its 52-week high 71 on NSE in Jan 2022, this Multibagger Drone stock has been under profit taking pressure till 12th May 2022. Now, after reporting promising numbers in Q4 earnings, the stock is looking out of consolidation territory. This stock has jumped in the last one year 19.65 to 56.85 level, an increase of 190 percent over the period.
Ratanindia Enterprises Q4 Results
In Q4 earnings, this drone maker saw a huge increase in total earnings. The total income of the company in Q4FY22 is 47.90 crores, which stood at 0.0.76 cr in Q4FY21. The total income of the company in FY22 is 50.19 crore, which stood at 1.82 crore in FY 2011. Drone maker ahs reported total spend in Q4FY22: 3.86 crores means that the company is working on good margins.
Recently, RatanIndia Enterprises was in the news for acquiring 60 per cent stake in Throttle Aerospace Systems Private Limited (TAS), India’s leading drone manufacturing company.