Multibagger Stock: Rajratan Global Wire generated over 300% returns in 3 years, up 1780% in less than 4 years
Rajratan Global Wire have reasons to celebrate, as the shares of this company have surged sharply in recent years. The shares, which were valued at ₹156.70 apiece three years ago, are now trading at ₹638, resulting in a massive gain of 308%. They delivered even more stellar performance, as they skyrocketed 1780% since May 2020.
Between May 2021 and September 2022, the stock saw a one-way rally, resulting in a 500% jump. Looking at the stock's yearly performance, it experienced a remarkable surge of 355% in CY21, followed by another impressive increase of 122% in CY22. However, it concluded CY23 with a decline of 12.56% as investors engaged in profit booking.
Also Read: D-Street Record: BSE-listed companies reach ₹400 lakh crore market cap for first time Rajratan Global Wire is one of the world’s leading bead wire manufacturers. It boasts a robust presence in supplying bead wire to esteemed clientele worldwide. Its operational capacity stands at 72,000 TPA (tonnes per annum) in India, with an additional 60,000 TPA capacity in Thailand.
Furthermore, it has established a greenfield unit in Chennai, equipped with a capacity of 60,000 TPA. A noteworthy distinction is that the company is the sole bead wire manufacturer in Thailand. Among its prominent clients are industry giants like Bridgestone, CEAT, Michelin, Yokohama, Apollo Tyres, and BKT, as per the company's recent exchange filing.
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