Multibagger stock touches 52-week high after Q2 results 2023. Do you own?

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Multibagger stock: South West Pinnacle Exploration shares are one of those stocks in Indian stock market that has delivered stellar return to its shareholders in post-Covid rebound. In last three and half years, this stock has risen from around ₹12 apiece levels to ₹184.20 per share levels, delivering to the tune of 1,450 per cent return to those who did bottom fishing during Covid-19 sell off. However, it seems that South West Pinnacle Exploration share price still has some steam left.

South West Pinnacle Exploration share price today opened upside and went on to touch intraday high of ₹184.20 apiece on NSE. The small-cap stock has recently declared its Q2 results 2023. In this second quarter results for the financial year 2023-24, the company reported consolidated revenue from operations at ₹4.77 crore and its EBITDA during July to September 2023 quarter stood at 21 per cent.

Suzlon Energy surges 15% in 3 sessions, up 979% in 3 years; should you buy? Giving business update of the company for recently eneded second quarter of the current fiscal, South West Pinnacle Exploration Ltd said that operations for long term CBM Production project for a very prestigious company of India has since been commenced in the month of October 2023. The company went on to add that it has been declared a successful bidder in two tenders, one each from Central Government organization and PSU. Total value of contracts in which SWPE is declared as L-1 bidder is over ₹100 Crores.

Revenue from these contracts is expected to flow in from Q3 of FY24. Rekha Jhunjhunwala portfolio stock hits 52-week high. Rises 200% in FY24 However, company's result of first half of FY 2023-24 were somewhat subdued mainly due to heavy monsoon at many of our site