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Multibagger Penny Stock: Ace investor Vijay Kedia's portfolio stock Patel Engineering is one of the penny stocks that has delivered multibagger returns so far this year. The stock has surged more than 200% in the year-to-date (YTD) time. Watch this Visual Story to know more about the multibagger stock.
If someone had invested about Rs 10,000 in stock a decade ago, the investment could have swelled to over Rs 9 lakh, according to an analysis by ETMarkets. The shares have delivered solid returns in the last three years too with a 1500% rise.
Its revenue from operations stood at Rs 166.7 crore in the June quarter of the current financial year, up 8.6% YoY as compared to Rs 153.5 crore in the same quarter of the previous financial year. Meanwhile, its total income stood at Rs 169.8 crore in Q1 FY24 as compared to Rs 158.4 crore in Q1 FY23.
Patel Engineering, over the years, has evolved as a construction company specialising in the hydropower generation and irrigation segments.
An amount of Rs 10 lakh invested in the shares of Eicher Motors ten years ago would have turned into Rs 1.1 crore today.