Multi Bagger Stock: This Company's Shares Are Up Over 1100 pc In Just 3 Years

multi bagger stock: this company’s shares are up over 1100 pc in just 3 years

The shares of Rama Steel Tubes Ltd have delivered multibagger returns of 1148.89 per cent in the last three years and the share has given a return of 971.93 per cent returns in the last five years, as per the data available on the BSE Analytics. Currently, the market cap of the company is Rs 2157.1 crore. The 52 week high and low of the share is Rs 50.50 and Rs 26.10 respectively. On Friday, the shares Rama Steel Tubes Ltd closed at Rs 39.34, 2.26 per cent down from Thursday’s closing.

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Rama Steel Tubes Q3 ResultsRama Steel Tubes Ltd reported a 14 per cent increase in its consolidated net profit to Rs 9 crore for the December quarter, attributing the growth to a reduction in expenses. In comparison, the steel pipes maker had achieved a net profit of Rs 7.80 crore during the same period in the preceding financial year 2022-23.

The company’s total income experienced a decline, amounting to Rs 265 crore compared to Rs 355.94 crore in the corresponding period a year ago.

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Rama Steel Tubes operates within the dynamic landscape of the Indian steel tube and pipe market. With a 20 per cent of its products earmarked for export, the company has successfully established a global footprint. Its international presence extends to key markets, including but not limited to the United Kingdom, UAE, Sri Lanka, Ethiopia, Kenya, Uganda, Ghana, Kuwait, Republic of Congo, Yemen, Guyana, Germany, USA, South Africa, Zambia, and Malta.