Over 15000% returns in 4 years! This multibagger stock turned ₹1 lakh into ₹1.5 crore
₹2.8 in March 2020 to approximately ₹428 at present. This translates into an extraordinary return of 15185 percent. If an investor had allocated ₹1 lakh to this stock in March 2020, the initial investment would have grown to ₹1.52 crore by now.
SG Finserve Limited provides broking, distribution, investment research, online trading, wealth management, investment banking, and insurance services. It also engages in investment activities. The company was formerly known as Moongipa Securities Limited.
SG Finserve Limited was incorporated in 1994 and is based in Ghaziabad, India. However, in the last 1 year, the stock has corrected a bit, declining around 14 percent. It has also shed 12 percent in 2024 YTD, giving positive returns in 2 of the 3 months this year so far.
It rose over 5 percent in the first session of April after 2 straight months of losses. It fell over 9 percent in March and over 10 percent in February this year. Meanwhile, the stock was up 2.8 percent in January this year.
Currently trading at ₹428, the stock is almost 43 percent away from its all-time high of ₹748, hit on May 26, 2023. Meanwhile, it has gained just 11 percent from its 52-week low of ₹384.95, hit last month on March 6, 2024. The notable surge in value signifies a robust surge of market confidence and optimistic sentiment toward the stock, highlighting a remarkable feat for the company amid prevailing market conditions.
In the December quarter (Q3FY24), the company posted a multifold 369.5 percent surge in its net profit at ₹21.6 crore as against a net profit of ₹4.6 crore in the year-ago period. Meanwhile, its total revenue from operations also soared 355 percent to ₹52.4 crore versus ₹12.4 crore in the same period last year. According to
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