The stock has returned 5,435% over the past five years. This multi-bagger share has returned 8,424% in three years. This stock has given investors 45% return in one year.
New Delhi. Many people view penny stocks with suspicion in the stock market and avoid investing in them. But, not every penny stock investment leads to loss. Many penny stocks have also made investors rich. One such stock of Rs 400 crore notes is Taylor Made Renewable Shares. In just two-quarters of a year, this stock, which once looked like a ‘lipo’, has filled investors’ homes with money. On February 24, 2022, the share price of TaylorMade Renewables was just Rs 9.63, but today it has risen to Rs 468.85.
TaylorMade Renewables stock looks to be under pressure in 2024. The stock is down 31% year-to-date during this period. This share has given investors 45% return in one year. In three years, the stock has given investors a return of 8,424.55%. The stock has a 52-week high of Rs.855.75 and a 52-week low of Rs.281.
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Revenues and profits increased.
TaylorMade Renewables provides renewable energy solutions. In FY 2024, the company’s revenue has seen a significant jump. In FY 2023, the company had a revenue of Rs 19 crore, which increased to Rs 46 crore in FY 2024. Similarly, the company’s net profit was Rs 1 crore in FY 2023, which increased to Rs 10 crore in FY 2024. The share of promoters in the company is 61.75%. At the same time, the public shareholding is 38.25 percent. Foreign institutional investors and domestic institutional investors have not invested money in this stock.
4,868,639 became Rs in one hundred and two quarter years.
In just two and a half years, shares of TaylorMade Renewables have delivered huge returns to investors. During this period, the share price increased from Rs 9.63 to Rs 468.85. If an investor had invested Rs 1 lakh in this stock in February 2022 and invested till now, his money would have increased by almost 48 times. Now the value of his investment of Rs 1 lakh has increased to Rs 4,868,639.
(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)
Tags: business news, Money making tips, Multi bagger stock, Stock market
First Publication: 31 May 2024, 13:30 IST
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