Multibagger alert: This electrical equipment company delivered over 300 per cent returns in a year; do you hold it?

Oct 14, 2023

Apar Industries Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company's share price jumped from Rs 691.15 on May 30, 2022, to Rs 2,770 on May 29, 2023, an increase of 300% in the one-year holding period.

Today, the share of Rama Steel Tubes Ltd opened at Rs 2,760 and has touched a high and low of Rs 2,770 and Rs 2,736.85, respectively. At the time of writing, the shares of Apar Industries Ltd were trading at Rs 2736.85, a decrease of 1.16% from the previous day's closing price of Rs 2,768.85 on BSE. The stock has a 52-week high and low of Rs 3,296.40 and Rs 672.60, respectively on BSE.

DSIJ offers a service 'Upstream' with recommendations for contrarian stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here

Apar Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, India. It is engaged in the manufacturing and supply of conductors, transmission cables, speciality oils, polymers, and lubricants. The company has a presence in over 140 countries and its products are used in a wide range of applications, including power transmission, power distribution, construction, and manufacturing.

The company's products are used by some of the world's leading companies, including ABB, Siemens, and Schneider Electric. Apar Industries is a publicly traded company and its shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.