WHAT DROVE THIS SMALL-CAP STOCK’S PHENOMENAL 10000% SURGE?
Published By MintGenie Team | 13 Mar, 2024
Xpro India, a diversified multi-locational company, has demonstrated remarkable stability and growth in the volatile equity market.
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Over the last three years, the company's shares have surged from ₹48.70 to ₹1,077, marking a substantial gain of 2111% for investors.
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Notably, the stock has surged by an impressive 10000% over the past four years, indicating exceptional value appreciation.
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An investment of ₹1 lakh in Xpro India four years ago would have grown to ₹1.02 crore, highlighting the wealth creation potential.
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On February 27, the stock reached an all-time high of ₹1,297 per share, underscoring its impressive journey of value appreciation.
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Xpro India operates in the polymer processing industry, specializing in Biax, Coex, and Thermoset divisions, catering to various applications.
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Ashish Kacholia, a prominent investor, holds a 3.67% stake in the company as of February 2024.
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Recent developments include capital infusion through warrants conversion and a Qualified Institutional Placement (QIP), aimed at bolstering financial resources.
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The company reported a healthy performance in Q3FY24, with revenues growing by 3.22% YoY and net profit surging by 55%.
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With negligible debt and robust capital resources, Xpro India is poised for organic growth and further value creation for shareholders.