indian stock market
Authum Investment and Infrastructure stock has become a prime example for investors looking for multibagger stocks in the Indian stock market. The shares of this non-banking financial company have grown enormously in the last five years. There has been more talk about this stock after penny stocks like Alcide Investment have given explosive returns. This stock, which five years ago was priced at just Rs 2.57, has now reached Rs 1,676.45, which is a staggering return of around 65,000%.
The money doubled in 6 months
According to BSE data, Authum Investment’s market capitalization has crossed Rs 28,400 crore. Investors have also made huge profits from this stock in recent months. In the last 6 months, this multibagger stock has doubled investors’ money offering a return of 101%. The price of this stock has increased by 121% in one year, while so far in 2024 it has experienced a jump of 67%.
20 thousand investments become one million rupees
If an investor had invested Rs 20,000 in this stock on November 1, 2019 and held it till now, his investment would have been worth more than Rs 1 million today. During this period, even an investment of Rs 10,000 has become Rs 65 lakh. Similarly, an investment of Rs 50,000 has now become an amount of more than Rs 3 million. This performance establishes Authum Investments as an attractive multibagger stock.
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This is the company’s financial report
However, the July-September quarter of the current financial year has been volatile in terms of financial performance for Authum Investment & Infrastructure. The company saw a 49% decline in its consolidated operating income in this quarter and stood at Rs 1,092.65 crore, as compared to Rs 2,151.75 crore in the same period last year. Consolidated net profit also declined by 56% to Rs 842.77 crore, as against Rs 1,939.81 crore in the same quarter last year. There has also been an increase in the company’s expenses, which now reached Rs 157.24 million, while last year this figure was Rs 107.79 million.
In the April-September 2024 half-year, the company’s consolidated revenue increased to Rs 2,509.59 crore. However, there was a decline in net profit, which stood at Rs 1,939.41 crore, compared to Rs 2,146.35 crore in the same period last year.
The business owner is confident in growth
The promoters’ shareholding in Authum Investment & Infrastructure stood at 74.95% as of September 2024, reflecting the strong control and faith of the promoters in the company. A high promoter holding is considered a positive signal for investors as it shows the management’s commitment to stay with the company for the long term.
