Multibagger Stock Mishtann Foods: There are many stocks in the Indian stock market that have given investors more than 400 percent returns in a year. One such stock is Mishtann Foods. This company has made a strong profit in the March quarter. Along with this, the company has announced to give bonus shares to its investors. This move by Mishtann Foods can be seen as a reward after strong fourth quarter results.
How were the March quarter results: Mishtann Foods reported a 45 per cent increase in revenue from operations at Rs 153.47 crore from Rs 105.81 crore in the March quarter. Talking about Net Profit, there has been an increase of 41 times on a yearly basis and it has reached the level of Rs.0.31 crore to Rs.13.15 crore.
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Along with this, Mishtann Foods has announced bonus shares for its shareholders. In its exchange filings, the company’s board of directors has recommended one equity share for each shareholding. Let us inform that recently on Akshaya Tritiya, Mishtann Foods has launched rock salt under Mishtann brand in the retail market with packaging of 500 gm and 1 kg.
What’s up with the stock: Talking about the share of Mishtann Foods, it remained negative on Thursday. The share price is at the level of Rs 23.60. At the same time, the market capital of the company is Rs 1,180 crore.