This stock of Rs 4 changed fortune, made 1 lakh into 2 crores!
The stock market has been in bad shape for the last few months. Investors are upset with the continuous selling of FIIs. In such a situation, investors are looking for such a stock, from which they can earn profit. Today we are going to tell you about one such small stock, which has made investors millionaires. The name of this stock is Lloyd Metals and Energy Limited.
Stock gave bumper return in 5 years
Lloyd Metals and Energy Limited's stock has made investors rich by giving a bumper return of more than 27000 percent in the last 5 years. On 24 april 2020, the price of the company's share was Rs 4.39 and today its price on NSE has become Rs 1190.
On the last trading day of last week i.e. Friday, the company's stock was seen trending at the level of Rs 1193.90 with a decline of just 0.13 percent. In such a situation, if someone had invested Rs 1 lakh in the company's stock 5 years ago, he would have got Rs 2.65 crore today.
According to BSE Analytics, the stock of Lloyd Metals and Energy Limited has given a return of up to 5 percent in the last one week. This stock has given a return of 58.34 percent in 6 months, 106 percent in 1 year, 334 percent in 2 years and more than 26000 percent in 10 years. However, it has also given negative returns. The stock of Lloyd Metals and Energy Limited has seen a decline of more than 5 percent this year.
Financial performance of the company
The operational revenue of the company has declined by up to 12.4 percent on an annual basis (YoY). It was Rs 1,912 crore in the third quarter of FY 2024, which has come down to Rs 1,675 crore in the third quarter of the current financial year. However, the net profit has increased at an annual rate of 17 per cent from Rs 332 crore to Rs 389 crore.
What does the company do?
Lloyds Metals & Energy Ltd works in iron ore mining, sponge iron production and power generation. It is the largest merchant iron ore mining company in Maharashtra, which produces Direct Rescued iron (DRI).
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