Multibagger Stocks: Battery manufacturing company Nile Ltd shares are one of the hot stocks these days. In the last few days, shares of Niles Ltd have witnessed a strong rally of 40%. This recent rise in the share price came after Veteran investor Dolly Khanna bought a stake in this company.
Multibagger Stocks Surged 40% in 5
The shares of Nile Ltd were trading at Rs 1,570 on July 4, 2024 which now has crossed 2,385 levels, representing a 40% upside within just 5 days. Recently veteran Investor Dolly Khanna purchased shares of Niles Ltd during June Quarter. After the news came, the share witnessed a strong rally. It hit a fresh 52-week high of Rs 2,388 on July 9 during the trading session.
Recently Nile Ltd shares witnessed profit bookings which is why the stock price has now fallen to Rs 2,146. The battery making company Niles Ltd (BSE: 530129) has a market cap of Rs 530.40.
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Business Model of the Company
Nile Ltd is one of the leading battery manufacturers. Apart from that, the company also engaged in the production of secondary lead and lead alloy products.
Talking about the financial background of the company, Nile Ltd had a revenue growth of 14.78% in the last year while net profit declined to 6.04%. The ROE and ROCE are respectively 12% and 15.10%.
If you look at the Shareholding Pattern of the company, Promoters hold the majority of the stake in this company with around 50.43%. Public holders hold 49.42% and the remaining 0.15% by FII.
Investors must keep this battery stock under the radar.
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