This Multibagger Small Cap Stock From Real Estate Space Fetched 1-Year Return Of 1210%

The lesser known real estate scrip Ritesh Properties in 1-year time has reaped a handsome return to the tune of 1210%. The scrip a year ago had been priced at Rs. 35.95 as on March 5, 2021 and now a year later is available for Rs. 491.95 per share. The stock's 52 week high and low price are Rs. 25.5 and Rs. 535 per share, respectively.

Financial performance

The company's financials have improved with December 2021 income from operations placed at Rs. 32.46 crore as against Rs 3.84 crore in December 2020 quarter. The company also has turned profitable as against losses incurred in the December 2020 quarter. The company's profit after tax in the December quarter of Fy 22 stands at Rs. 4.56 crore.

 

Company profile and current projects

The company was initially incorporated in 1987 and has business interests in Real Estate & Fashion Industry. The company initially began its business with interest in agricultural products but later diversified to other segments. At present the company is carrying out the development of Hampton Homes.

The company has also tied up with Narayana Hrudayalaya to set up the latter's first state of the art multi-speciality hospital in state of Punjab at Ludhiana. The Hospital will come up in Hampton project on NH-05 (Ludhiana-Chandigarh Highway). Spread over 2 Lakh Sq. Ft. with a capacity of 225 beds, the hospital will provide world class healthcare & diagnostic facilities to the people of Punjab.

 

Disclaimer:

The stock is just mentioned for its multibagger returns and is not a recommendation to buy in the scrip.

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