Multibagger Stock: Shares of Salasar Techno Engineering Ltd. are one of those multibagger stocks on Dalal Street which have given stupendous returns to their shareholders in the post-Covid rally. Small-cap stocks have doubled shareholders’ money over the past year, but have climbed all-around over the past three years from 4 46.50, giving its shareholders nearly 1,000 percent returns over this time.
However, it seems like the dream run in this multibagger stock has affected the business of the small-cap company as well. In the recently ended October to December 2022 quarter, Salasar Techno Engineering has registered a huge jump in net profit both on year-on-year (YoY) and quarter-on-quarter (QoQ) basis. As per Q3FY23 results of Salasar Techno Engineering Ltd., the small-cap company has reported a net profit of Rs. 10.69 crore in the recently concluded third quarter of the current financial year, which is 53.5 percent higher than its net profit 6.96 cr in Q3FY22. The company reported a net profit of 7.51 crore in Q2FY23. This means that the net profit of the company has increased by from 7.51 crores 10.69 crore on a QoQ basis by reporting a sequential increase in net profit of 42.34 percent on a QoQ basis.
The total income of the company in Q3FY23 is 240.93 crore, which is 38.50 percent more than its net profit 173.95 crore in Q3FY22.
salasar techno share price history
The small-cap stock is in base building mode since last one month. However, in the last six months, this small-cap stock has given 50 per cent return to its shareholders, while it has gained around 21.65 per cent in the last one year. 46.50 Each level provides a return of approximately 115 percent to its long-term shareholders. As mentioned above, the stock has given stupendous returns to its shareholders in the post-Covid rally, giving over 1000 per cent returns in this time.
nse, BSE The market cap of the listed stock is Today its trading volume on NSE is around 1,444 crore and around 47,000 in about 15 minutes of market opening. However, its 20-day average trade volume on NSE is around 9.14 lakh. Its 52 week high on NSE 58.50 while it has a 52-week low 20.71 each.
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