Multibagger stock
Multibagger Stock: If you had invested 1 lakh rupees in the shares of Cian Agro Industries & Infrastructure 3 months ago, then today your amount would have increased to about 3.5 lakhs. This company is in discussion due to its recent performance and rapidly growing profits.
Sian Agro Industries and Infrastructure is located in Nagpur, Maharashtra. Established in 1985, this company was initially a manufacturer, but now it has become one of the largest distributors in Central India. The company’s products are spread in various fields, especially in agriculture, electricity, and Aswani sectors.
Tremendous rise in share price
On September 29, the price of the company’s stock increased by 5% and it reached Rs 2023.20 per share on BSE. With this, in the last three months, this stock has increased by about 350%, that is, the investment of ₹ 1 lakh has now increased to about ₹ 3.5 lakh. At the same time, this increase has reached about 496% in six months. Very few companies give such returns in such a short time.
The secret of the company’s quarterly results and increase
Sian Agro has performed tremendously in its first quarter. The company’s revenue has increased from Rs 17.5 crore to ₹ 511 crore in a year, which shows an increase of 2820%. Also, the net profit increased from Rs 0.10 crore to Rs 52.2 crore, which is a quarter-rate growth of 524%.
Main areas of business and their growth
The company has three main business sectors Agri, Power and Distillery. Of these, the revenue of the Agri segment increased from Rs 41.26 crore to Rs 78.55 crore. In the power segment too, the company has registered an increase of Rs 236.95 crore from Rs 198.19 crore. At the same time, the revenue of the distillery segment has also increased to Rs 53.11 crore.
Trading window shutdown information
The company has informed that after the results of its September quarter, the trading window will be closed for 48 hours from October 1. This means that the officers inside the company and the people close to them will not be able to buy and sell the stock during this period. This rule is to maintain transparency and discipline in the stock market. The company further informed the exchanges that the date of announcement of the September quarter results will be announced separately.