Multibagger Stock Return: Poojawestern Metaliks shares are one of those multibagger stocks that have given tremendous returns after Kovid. In the last two years, this listed stock of BSE has increased from about ₹ 11 to ₹ 59.35 level. During this period it has given returns of more than 400 percent to its shareholders. However, the stock continues to rally. The small-cap company recently received an export order from the US, which attracted buying interest in the stock and the stock hit the upper circuit in Friday morning trade. The stock of PoojaWestern Metaliks opened with a bullish momentum on Friday and reached the upper circuit of 5 percent within a few seconds of the opening of the stock market today.
Stock in upper circuit continuously for 7 days
This multibagger metal stock has been hitting the upper circuit continuously for the last seven days. The stock is in an uptrend since 21st September 2022. This BSE listed small-cap stock has risen from ₹27.50 to ₹59.25 in less than a month. During this time it has been giving about 115 percent return to its shareholders. This small-cap metal stock is one of the multibagger stocks of October 2022.
The small-cap company has a strong client base across the globe with exports to Gulf, Middle East countries and has now extended its reach to Europe and USA. It has state of the art, ultra modern manufacturing unit in Gujarat with latest technology (CNC) machine tools and other machine tools and has quality control, production technology, latest technologies and a range of enterprise products. As stated in the latest exchange filings, PoojaWestern Metallics Limited is one of the kingpins in manufacturing and exporting non-ferrous metal scrap, brass plumbing fittings, brass ingots and brass sanitary fittings.
The current market cap of BSE-listed PoojaWestern Metallics Limited is Rs 60 crore. Its book value per share is slightly above 11 and the current EPS is 0.91. Its 52-week high is ₹86.70 on BSE while its 52-week low is ₹22.30.