This small-cap stock turned ₹1 lakh into ₹3.5 lakh in just a year; should you invest now?
₹567.95. Meanwhile, it has rallied 364 percent in the last 3 years and 416 percent in the last 5 years. An investment of ₹1 lakh in this stock a year ago would have turned into ₹3.54 lakh today.
Furthermore, the same investment 3 and 5 years ago would have resulted in ₹4.64 lakh and ₹5.16 lakh, respectively. Centum was founded in 1994 in Bangalore, India. Since then, Centum has rapidly grown into a diversified electronics company with operations in North America, EMEA and Asia.
The company offers a broad range of products and services across different industry segments. It has continuously invested in strengthening its design & product development capabilities while developing deep domain knowledge in the segments it operates in. Centum has also established truly world-class manufacturing facilities with cutting-edge infrastructure as well as a global supply chain capable of delivering products with high quality and reliability.
Just in 2024 year-to-date (YTD), the stock has soared 49 percent, hitting its record high of ₹2,011.40 in intra-day deals today, February 27, 2024. With this surge, the stock has already skyrocketed almost 305 percent from its 52-week low of ₹497, hit on March 14, 2023. February is the second straight month of gain with the stock advancing 20.6 percent so far after a 19.35 percent rise in January.
However, it fell 8 percent in December last year. This notable uptrend reflects the strong market interest and positive sentiment for the stock, signaling a record-breaking performance for the company in the current market conditions. In the December quarter, Centum Electronics posted a net profit of ₹7.25 crore as against a loss of ₹9.67 crore in the same period last year.
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