Rs 1 Lakh Turns Rs 97 Lakh: Shares of Hardwyn India Surges Over 7%

On Monday, even during the period of weakness in the stock market, the shares of Hardwyn India Limited were registering a rise of about seven percent and were functioning at the level of Rs 47.45.

The 52 week high level of shares of Hardwyn India Limited with a market cap of about Rs 1630 crore is Rs 62.5 while the 52 week low is Rs 23.45. The shares of Hardwyn India Limited have given a return of 21 percent to the investors in the last 6 months while in the last 1 year it has given a return of 63 percent from the level of Rs 28.57.

Shares of Hardwyn India Limited have given multibagger returns of 432 percent to investors from the level of Rs 8.80 in the last 2 years. The company informed the stock market in January that its subsidiary company had launched a new product. Hardwyn India Limited's subsidiary company has launched many innovative products under the SlimX brand. The company had told the stock market that with the help of the new brand, the company is expected to generate a revenue of Rs 100 crore in the next 2 years.

Hardwyn India has also given bonus shares to investors twice in the last one year, the company has again given 1 lakh shares in the current financial year.

Recently, Hardwyn India announced Q3FY24 results. They reported net sales at Rs 35.06 crore in Q3FY24 up 0.98% from Rs. 34.72 crore in Q3FY23. Quarterly Net Profit at Rs. 4.11 crore in Q3FY24 up 25.74% from Rs. 3.27 crore in Q3FY23.

Hardwyn India is a hardware fitting manufacturing company and provides complete solutions to builders. Hardwyn India is also involved in multi product and textile business. Those who invested Rs 1 lakh in the shares of Hardwyn India are currently getting a bumper return of Rs 97 lakh.