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Chennai Petroleum Corp: The companys debt-to-equity ratio came down significantly to 0.6 times as of March end, from as high as 3.09 times a year ago. The companys sales grew a sharp 77% in FY23, while the stock has given 25% returns in the last one year.
According to the shareholding pattern available with the exchanges, Excorts Kubota promoters own majority of the stake at 67.64%, while the rest of 30.40% lies with the public shareholders. Among the public shareholders, mutual funds own about 8.13% stake in the company, while foreign portfolio investors have 5.19% stake. The company is backed by Rekha Jhunjhunwala with 1.62% stake
In its Q1 FY24 results, GRSE reported its best-ever net profit of Rs 77 crore. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period. Meanwhile, its total income stood at Rs 827 crore in the first quarter of the current fiscal, 33% higher than Rs 621 crore in the year-ago period.
Multibagger stock: Jhunjhunwala portfolio stock Tata Motors has offered blockbuster returns to investors in the 20 years, rising by a massive 1,244%. If an investor had put in Rs 10,000 in this Tata group stock in August 2003, it would have swelled to around Rs 1.34 lakh. Should you buy?
The investors who looked beyond Nifty have been handsomely rewarded. While Nifty has moved 1,736 points since the last Independence Day, which is a 9.8% gain, (Friday, August 12, 2022), the Nifty MidCap 100 has rallied 6,964 points or 22.61% and Nifty SmallCap 100 has traversed 2,241 points or 23.78%.