Multibagger Stock: Skipper stock generates 290% return in a year, soars nearly 1800% in 4 years
Skipper, which is present in the power, telecom, and water sectors, the essential building blocks of a nation, has experienced remarkable growth in its shares, greatly benefiting its shareholders. Just twelve months ago, each share of the company was valued at ₹90, but now they're worth ₹316.55, marking a substantial increase of 290%.
From its March 2020 low point of ₹16.70 per share, Skipper's stock has soared by an impressive 1795% to date. On February 26, the shares reached a new all-time high of ₹401, surpassing the ₹400 milestone for the first time.
It's worth noting that the shares achieved their largest monthly gain in June 2023, with a nearly 50% increase, the most significant monthly surge since their listing in 2015. Also Read: IPO Review: 25 companies hit Dalal Street in March with two more set to list Since July 2022, Skipper's shares have been consistently on the rise, ending 12 out of the past 18 months in positive territory, resulting in a substantial return of 510%.
In February, the company secured a substantial order valued at ₹737 crore for the design, supply, and construction of a new 765 kV transmission line project for Power Grid Corporation of India Limited (PGCIL). Skipper stands as a prominent player in the global market for transmission and distribution structures, particularly in its Engineering Products sector, where it specialises in towers and poles.
Additionally, it holds a strong position in the polymer sector and is recognised as a reliable partner for the execution of crucial infrastructure projects. Also Read: Holi 2014 to Holi 2024: Nifty 50 zooms over 200%, these 14 stocks gain 3,900% The company is India’s largest and world's only integrated T&D company, having its own structure
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