New Delhi. Every investor who invests money in the stock market is in search of multibagger stocks. Why not find out, after all who does not want his money to double day and quadruple at night? If you are also looking for a multibagger share, then you should bet on the shares of Authum Investment & Infrastructure. The price of this share was only Rs 2.57 five years ago, which has now increased to Rs 1600. In this way, in the last five years, the shares of the non-banking financial company have given a profit of more than 65,000 percent.
According to BSE data, the market cap of Authum Investment and Infrastructure is more than Rs 28,400 crore. In the last 6 months, this share has doubled the money of the investors and during this period this multibagger share has given 101 percent return. In the last one year, the price of Authm Investment share has increased by 121 percent and in the year 2024, it has strengthened by 67 percent. The promoters’ stake in the company stood at 74.95% at the end of September 2024, indicating a strong holding.
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The one who invested Rs 20 thousand became a millionaire
5 years ago, on 1 November 2019, the price of this stock was only Rs 2.57. On November 1, 2024, shares of Authum Investment closed at Rs 1,676.45. If someone had invested Rs 10,000 in this share 5 years ago and remained invested till now, then today his investment has taken the shape of Rs 65 lakh. Similarly, an investment of Rs 20,000 five years ago has now become Rs 1 crore and an investment of Rs 50,000 has become more than Rs 3 crore.
financial position of the company
There has been a 49% decline in the company’s consolidated operations revenue in the July-September 2024 quarter, which stood at Rs 1,092.65 crore. A year ago it was Rs 2,151.75 crore. Similarly, net consolidated profit also declined by 56% to Rs 842.77 crore, compared to Rs 1,939.81 crore last year. Expenditures increased to Rs 157.24 crore, which was Rs 107.79 crore a year ago.
In the half year April-September 2024, the company’s consolidated revenue from operations stood at Rs 2,509.59 crore, which has increased on a year-on-year basis. However, net consolidated profit stood at Rs 1,939.41 crore, compared to Rs 2,146.35 crore in the same period last year.
(Disclaimer: The information given here is based on the performance of the shares. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi is responsible for any loss you may incur. Will not done.)
Tag: business news, tips to earn money, multibagger stock, stock market
first published : November 2, 2024, 3:45 PM IST
