Multibagger Penny Stocks: This penny share has given investors more than 783% in less than 3 months. On BSE, this share was trading at Rs 3.80 about 3 months ago on Tuesday, March 28 now it has become Rs 33.58 as of June 24.
In the last two months, the stock market experienced a rollercoaster journey. There have many ups and downs in the markets due to certain incidents i.e. Lok Sabha election result, Budget Prediction etc. Many shares have witnessed huge decline while there are some shares which have witnessed tremendous rise between these two months.
One of these stocks is Healthy Life Agritec Limited, which has experienced a huge price surge in recent times, hitting upper circuit most of trading session. The shares of Healthy Life Agritec Ltd have offered more than 783% in less than 3 months. Let’s Know in Details
Multibagger Penny Stocks Gave 8X Returns
On BSE, the shares of Healthy life Agritec Ltd (BOM: 543546) is trading with a 5% upper circuit at Rs 33.58 on Monday, June 24 while the stock value was on Rs 3.80 on March 28, 2024. The share price has increased significantly and given nearly 8X returns to investors in less than 3 months. With this 5% gain, market cap of the company has reached Rs 73.92 crore. The 52-week high is Rs 33.58 and 52-week low is Rs 3.47 respectively.
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Healthy Life Agritec Ltd Financial Performance
Recently the company released its half yearly results ending March 2024 in which it had a net profit of Rs 2 crore. In FY24, the company has seen a 65.87% growth in profit after tax (PAT) to Rs 2.51 crore, revenue growth by 23.31% to Rs 132.95 crore.
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Company Background and Future Outlook
Healthy Life Agritech Limited, is a company that produces fresh raw milk, chicken with other dairy and agro products in several states including Maharashtra, Karnataka etc. The company’s cash flow and revenue from operations are showing positive signs however the cashflow from operation is currently negative
Fundamental Analysis
One of the key fundamental of the company is that it is debt free. The sales growth and profit growths are impressive at 76.66% and 27.34% respectively in the last one year. The ROE currently stands at 5.6% while ROCE is 7.92%. The promoter holding of the company is only 27.3% which is low.
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