Roto Pumps manufactures progressive cavity pumps.The company was established in 1968. Roto Pumps shares have given good profits.
New Delhi. The shares of small cap company Roto Pumps have given strong returns to its investors in a short time. In the last trading session i.e. July, this stock closed at Rs 706.55 on BSE with a gain of 2.42 percent. Roto Pumps share has given 72 percent return to investors in a month. At the same time, the price of this stock has increased by 1435 percent in four years. Its market capitalization is Rs 2,219 crore. The 52-week high of the stock is Rs 748.65 and the 52-week low is Rs 300.45.
Roto Pumps Limited was established in 1968. The company manufactures progressive cavity pumps in India, which are used in many industries including waste water, sugar, paper, paint, oil and gas, chemical and process, ceramics, food and beverages, renewable energy and power, mining and explosives, marine and defense. The company is exporting products to more than 50 countries.
Tax Free Income : If you earn from here then you will not have to pay even a penny as income tax
That is why there has been a boom
Roto Pumps recently announced the launch of Artificial Lift Downhole Pumps. These progressive cavity pumps meet the needs of both domestic and international markets. Apart from this, Roto Pumps’ wholly owned subsidiary based in India, Roto Energy Systems Limited has also announced the launch of a new product, Roto Rudra Solar Pumping System. Both these news have led to a rise in Roto Pumps shares.
Reached from Rs 46 to Rs 706 in four years
Roto Pumps shares have given good returns to long term investors. On July 3, 2020, the price of this share was Rs 46. Today it has increased to Rs 706. In this way, this multibagger share has given 1435 percent return in a period of four years. If an investor had invested in Roto Pumps shares four years ago and has remained invested till now, then today the value of his investment has increased to Rs 1,534,782.
Net profit increased in the fourth quarter
Roto Pumps’ net profit grew 15.12 per cent to Rs 12.64 crore in the quarter ended March 2024 as against Rs 10.98 crore in the previous quarter ended March 2023. Sales grew 13.85 per cent to Rs 81.93 crore in the quarter ended March 2024 as against Rs 71.96 crore in the same quarter of the previous fiscal.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)
Tag: Business News, Money making tips, Multibagger Stocks, Share Market
first published : July 5, 2024, 07:03 IST
