Multibagger Stock Alert: The NBFC stock that closed at Rs 10.07 on September 28, 2020, has skyrocketed to an impressive high of Rs 482.60 on the BSE today (September 29, 2023), generating an extraordinary return of 4,692% during this period.
SUMMARY
- An investment of Rs 1 lakh in Authum Investment shares three years ago would have multiplied to Rs 47.92 lakh today.
- The multibagger stock in the current session was locked in the upper circuit of 20%, trading at Rs 468.05 on BSE.
- Authum Investment stock saw a significant surge as it opened higher at Rs 439 on Friday, surpassing the previous closing price of Rs 402.20 on BSE.
Shares of Authum Investment & Infrastructure Ltd have generated exceptional returns over the past three years. This multi-bagger non-banking financial company (NBFC) stock, which closed at Rs 10.07 on September 28, 2020, skyrocketed to an impressive high of Rs 482.60 on the BSE today (September 29, 2023), delivering an astounding 4,692% return during this period.
An investment of Rs 1 lakh in the shares of Authum Investment three years ago would have grown to Rs 47.92 lakh today. In comparison, the benchmark Sensex has only risen by 74.03% during the same period.
In the current session, the multi-bagger stock reached its upper circuit of 20% at Rs 468.05 on BSE. This surge was triggered by a media report stating that a significant number of shares, approximately 52 lakh or 3.1% of the equity, were traded in the pre-market session today. However, the identities of the buyers and sellers involved in this transaction are yet to be disclosed.
Authum Investment stock surged on Friday, opening at Rs 439, a significant increase from the previous day’s closing price of Rs 402.20 on BSE. The shares of Authum Investment exhibit a high beta of 1.7, suggesting considerable volatility over the course of a year.
The stock is currently trading 16.79% lower than its 52-week high of Rs 580, which was reached on August 8, 2023. On the other hand, it hit a 52-week low of Rs 154.50 on February 23, 2023. A total of 7292 shares of the firm were traded, resulting in a turnover of Rs 34.07 lakh on BSE. The market cap of the firm is currently valued at Rs 7949.60 crore on BSE.
Over the past year, the NBFC stock has seen a significant rise of 106%, and since the beginning of this year, it has gained 118.52%. In the past six months alone, the share has climbed by an impressive 177.28%.
For the quarter ended June 2023, two promoters held a 71.47% stake in the firm, while 6135 public shareholders owned 28.53%. Among these public shareholders, 5965 held 27.25 lakh shares, accounting for a 1.60% stake with capital up to Rs 2 lakh. Only six shareholders, with a 4.96% stake, held capital above Rs 2 lakh for the same quarter.
In terms of technicals, the Relative Strength Index (RSI) for Authum Investment stock is currently at 33. This indicates that the stock is trading in a neutral zone, without being overbought or oversold. Moreover, Authum Investment shares are currently trading above the moving averages for the 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day periods.
Financial Performance
The NBFC’s revenue in Q1 dropped to Rs 62.5 crore, a decline from the previous fiscal quarter’s revenue of Rs 89.7 crore. Profit also decreased to Rs 32.26 crore in the June 2023 quarter compared to Rs 54.4 crore in the June 2022 quarter. Furthermore, operating profit declined to Rs 57.5 crore for the quarter ended June 2023, down from Rs 75.4 crore in the corresponding quarter of the previous fiscal.
About the Company
Authum Investment is a reputable registered Non-Banking Financial Company (NBFC) specializing in investment in shares and securities, as well as financing activities.
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