Multibagger Stocks: Flomic Global Logistics proves to be a smart investment for shareholders, with its shares showing a strong growth of over 14% in the current financial year. In the past three years, the company’s stock has gone from ashes to riches, with investors turning a mere investment of INR 38,000 into crores. Today, the stock closed at INR 97.73, down by 0.16%, with a full market cap of INR 70.37 crore.
Flomic Global Logistics Share Price Becomes a Multibagger: The shares of Flomic Global Logistics were trading at just 37 paisa on March 23, 2020. However, in three years, the stock has skyrocketed by a whopping 26,314% to reach INR 97.73, making investors crorepatis with just an INR 38 investment. In the last year, the stock hit an all-time high of INR 181.90 on March 7, 2022.
Investors Eyeing Flomic Global Logistics: Despite the stock’s recent decline of 61% in the last six months, it has recovered by 36% from its low of INR 71.60 on March 16, 2023. However, it is still 46% below its one-year high. The company provides warehousing, distribution, freight forwarding, custom broking, cargo, consolidation, multimodal transportation, and country trade services to customers worldwide.
Financial Performance: As per the BSE records, Flomic Global Logistics’ net profit for Q4 2022 was INR 87 lakh, down from INR 1.12 crore in the previous quarter. During this period, the revenue also fell from INR 82.94 crore to INR 75.22 crore.
Disclaimer: The information provided here is based on the stock’s performance and does not constitute investment advice. Investing in the market involves risks, and investors are advised to seek expert guidance before making any investment decisions. Moneycontrol does not offer any investment advice.
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