Multibagger stock return: We are telling you about a stock that has stunned its investors by giving stupendous returns in just five trading sessions. The investors who put money in it became rich in just 5 days. The stock has given a tremendous return of 106.91% in the last five trading sessions. On Friday, the stock jumped nearly 10% to reach Rs 61.35. We are talking about the shares of Dhanlaxmi Fabrics Ltd. Let us know about it in detail…
Return of 106.91% in five days
The share price of Dhanlaxmi Fabrics Ltd was Rs 29.65 per share on BSE five days ago i.e. on 18 April 2022. It rose by Rs 31.70 to Rs 61.35 in five trading days. During this period, this stock has given a multibagger return of 106.91% to its investors. That is, if an investor had invested Rs 1 lakh in this stock five days ago, it would have become Rs 2.06 lakh.
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At the same time, this stock has given a return of 104.84% in the last one month. So far this year in 2022, the shares of Dhanlaxmi Fabrics Ltd have given a return of 101.81%. During this time it has increased from Rs 30.40 to Rs 61.35. Its market cap on BSE is Rs 52.65 crore.
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What is the business of the company?
Dhanalakshmi Fabrics Ltd. is engaged in the business of textile, clothing and luxury goods. Dhanalakshmi Fabrics manufactures, processes and markets fabrics and yarns for apparel manufacturers/exporters in India. It operates through the Textile and Real Estate divisions. The company offers fabrics from cotton, viscose, polyester, blended, lycra to pure white, reactive or vat dyes, prints and as dispersion or exchange prints. It also exports clothing. In addition, the company has installed a wind turbine of 1.25 MW in Dhule, Maharashtra. This is a Maharashtra, Mumbai based company and about 83 employees work in this company.