₹2.20 to ₹11.30: Nomura Singapore-backed multibagger FMCG stock rises 400% in two years. Do you own?
Multibagger stock: Mishtann Foods shares are one of those small-cap stocks that has delivered whopping returns to its positional shareholders in post-Covid bounce back. This small-cap FMCG stock has risen from around ₹2.20 to ₹11.30 apiece levels in the last two yeas, delivering more than 400 per cent to its long term positional shareholders. This small-cap stock is in bull trend after bottoming out at ₹7.15 apiece levels in the last week of May 2023.
Mishtann Foods share price today made an intraday high of ₹11.30 apiece on BSE, this means the multibagger stock has risen to the tune of 60 per cent in the last two months. Nomura Singapore-backed FMCG stock declared strong Q4FY23 results at the end of May 2023, which attracted attention of stock market bulls. The small-cap stock, which has a market cap of around ₹1,120 crore reported near 10 per cent growth in revenue from operations to ₹168.89 crore, which stood at ₹153.47 crore in the corresponding period in previous fiscal.
The FMCG company claimed this growth was primarily driven by various product launched by the company in domestic and international market. Taking cue from Mishtann Foods share price history, the FMCG company has risen from around ₹9.75 to ₹11.30 apiece levels, logging near 15 per cent rise in this time. In last six months, this Nomura Singapore-backed small-cap company has surged from near ₹9.05 to ₹11.30 per share levels, logging around 25 per cent rise in this time.
In YTD time, this FMCG share has ascended to the tune of 25 per cent as well. In last one year, this multibagger stock has appreciated to the tune of 30 per cent whereas in the last two years, it has delivered 400 per cent return to its positional investors. So, if an investor had
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