Multibagger Stock: The stock of this IPO company gave 800% multibagger return in 3 months!


Rhetan TMT Share Price: In the year 2022, there has been a huge upheaval in the stock market. Despite this, there have been listings of many such companies in the market which have given amazing returns to the investors. Today we are talking about one such company which brought its IPO a few months back and changed the fortunes of the investors. We are talking about Rhetan TMT Limited whose stock has given investors multibagger returns of up to 800 per cent since the first week of September.

The listing was disappointing

The share of Rhetan TMT is trading at Rs.455.70 on Monday, December 19, 2022. In 2022 itself, the IPO (BSE SME IPO) of Rhetan TMT came under BSE SME. The company’s IPO was open for application from 22 August to 25 August 2022. The company raised money from the market at Rs 70 per share. The company was listed on the stock exchange on 5 September. Investors were disappointed on the listing. On listing, the stock was listed close to its IPO price. But later the stock slipped down. On September 13, 2022, the stock made a low of Rs.50.

Share gave 800% return in 3 months

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But at the end of the month of September, the stock of Rhetan TMT took a U-turn and since then the stock never looked back. After falling down to Rs 50.60, the stock has reached Rs 455 in less than 3 months. That is, in 3 months, the stock has given 800% return to the investors from its low level. So from the IPO price of Rs 70, the stock has given a bumper return of 551 per cent to the investors. In one month, the stock has given 160 per cent return to the investors. The market cap of the company is at Rs 968 crore. Had an investor bought Rhetan TMT shares worth Rs 1 lakh at Rs 50.60, it would have increased to Rs 9 lakh today.

better company results

Rhetan TMT was formed in the year 1984 and the company is engaged in manufacturing of TST bars and round bars. The company’s plant is located in Gujarat. If we look at the financial results of the company, in 2020-21, the company’s revenue was Rs 52.13 crore, on which there was a profit of Rs 13.44 lakh. But in 2021-22, the company’s revenue had increased to Rs 67.03 lakh, on which a profit of Rs 2.34 crore was made.

Disclaimer: (The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised to invest money here.)

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