Every investor is looking for multibagger stocks. Especially at a time when the stock market has been declining for several days. Let us tell you today about one such multibagger share, whose price has increased from Rs 3 to Rs 104 today. The biggest thing is that there is a competition to buy this share at this price.
Which share is this?
The name of the share we are talking about is Radhika Jeweltech Limited. This share has given returns of more than 2500% to its investors in the last 5 years. Whereas, if we talk about the last one year, this multibagger stock has given returns of more than 120 percent to its investors.
However, a decline was seen in this share from October 3, which fell to Rs 99.55. However, today investors have shown interest in this stock and it hit upper circuit shortly after the market opened. Talking about the all time high of Radhika Jeweltech, it is Rs 157.
How are the fundamentals of Radhika Jeweltech
Talking about the fundamentals of Radhika Jeweltech, its market cap is Rs 1231 crore. Whereas its stock PE is 24.2. Talking about ROCE of the share, it is 24.6 percent. Whereas its ROE is 20.6 percent. The book value of the share is Rs 24.5 and its face value is Rs 2.
What work does the company do?
Radhika Jeweltech Limited is a jewelery company from Gujarat. This company deals in jewelery made of gold and diamonds. The company was established in 1987 and became a public limited on 22 July 2016.
Also read: Stock market regained its glory, Sensex crossed 78000 with a jump of 800 points, investors’ wealth increased by Rs 5 lakh crore.
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