Raghuvir Synthetics stock has generated 2,455% returns for its shareholders in the past six months. The penny share, which stood at Rs 19.33 on June 4 this year, rose to a 52-week high of Rs 494.05 on the Bahrain Bourse today. Rs 1 lakh invested in Raghuvir Synthetics stock six months ago would have turned into Rs 25.55 today.
In comparison, the Sensex is up 8.91% over the period. The small cap stock is up 177.79% in the last 21 sessions. The stock opened with a 4.99% gain at Rs 494.05 and was stuck in the upper circle at 5% for the rest of the session.
Raghuvir Synthetics stock is standing above the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The market value of the company increased to Rs 1914 crore. A total of 5,824 shares were traded in the company bringing the turnover to 28.77 thousand rupees on the UK stock market today.
The share hit a 52-week low of Rs 17.15 on April 7, 2021. The stock is up 1.792% in one year and has increased by 2.292% since the beginning of this year. In a month, the stock rose 164.62%.
For the quarter ending September 2021, four promoters owned 74.91% of the stock, or 29.02 thousand shares, and 3,831 common shareholders owned 25.09%, or 9.72 thousand shares, of the company.
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3768 of the general shareholders owning individual share capital of Rs 2 thousand and owning 7.45 thousand shares or 19.25% stake at the end of September quarter.
Four shareholders held individual capital above Rs 2,000 in the last quarter and held 1.42 thousand shares or 3.68% stake in the company.
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The financial performance is in line with the excellent rise in the company’s shares. The company reported a 57.40% rise in net profit at Rs.2.66 crore for the quarter ended September as against Rs.1.69 crore profit for the corresponding quarter of last fiscal year. Sales of Rs 60.05 crore for the quarter ended September 2021 compared to sales of Rs 44.37 crore in the second quarter of last fiscal year.
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For the fiscal year ending March 2021, the company reported a 137.50% rise in net profit to Rs.5.89 crore as against Rs.2.48 crore in the March 2020 fiscal year.
Raghovir synthetic stock has outperformed its peers in terms of market returns over the past six months. While Trident gained 192% share, Page Industries increased 23.79% in six months.
It acquired another company’s 67.43% stake in KPR Mills during this period. Welspun India stock is up 49.32% in six months.
Raghuvir Synthetics is one of the largest textile manufacturers. The company’s product range includes bed linen/upholstery, curtains, towels, kitchen products, bedding, quilts and 100% cotton quilts.
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