Multibagger Stocks: Authum Investment & Infrastructure (Authum) saw a marginal increase in its share prices today in the midst of strong market sentiment. However, this investment has proven to be a fantastic investment for investors over the last four years, turning a mere investment of 48,000 INR into crores of rupees. Today, the stock reached a record high, although there was some sluggishness in the market due to profit-taking. The stock, which was worth just 1.55 INR on March 18, 2019, is now worth 325 INR, a 20868% increase in investor capital in just four years. Authum’s shares have provided excellent returns not only in the long term but also in a short time frame. Last year, on June 20, 2022, the share was trading at 134 INR, one of its lowest levels of the year. In less than a year, by June 13, 2023, it had surged by 147% to reach a record high of 331 INR.
Key Highlights:
– Authum’s shares saw a marginal increase today in the midst of strong market sentiment.
– In just four years, Authum has turned a mere investment of 48,000 INR into crores of rupees for investors.
– Authum’s shares have provided excellent returns not only in the long term but also in a short time frame.
– Last year, on June 20, 2022, the share was trading at 134 INR, one of its lowest levels of the year.
– In less than a year, by June 13, 2023, it had surged by 147% to reach a record high of 331 INR.
Details of the Company:
Authum Security and Investments is primarily engaged in the business of shares and securities. The company’s website details indicate that it began operations in 1982. It acquired Reliance Commercial Finance under a debt resolution plan and is now a wholly-owned subsidiary of Authum.
Financial Health of the Company:
The company’s financial health was poor in the March quarter of this year. In the December 2022 quarter, the company had a net profit of 63.29 crore INR, but in the next quarter, January-March 2023, it had a net loss of 134.28 crore INR. In the March 2022 quarter, it had a net profit of 103.77 crore INR. The promoters hold a 71.47% stake in the company, while foreign investors hold a 7.01% stake.
Disclaimer:
The advice or opinions given on Moneycontrol.com are those of the experts/brokerage firms and are not the responsibility of the website or management. Users are advised to always seek the advice of a certified expert before making any investment decision.
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