Current state of the stock market: One of the multibagger stocks that the Indian stock market has produced in the past year is shares of Mufin Green Finance Ltd. In the past year, positional investors have received returns on their investments from the muiltibagger stock of more than 450 percent. Still, it appears that there is some upward potential for the NBFC stock.
Within minutes of Thursday's opening bell, the share price of Mufin Green Finance touched a five percent upper circuit, having opened upside today and reaching an intraday high of ₹250 apiece on the BSE. The multibagger stock touched the upper circuit for the second straight session after locking in a 5 percent upper circuit during Thursday's trades. One of the circuit-to-circuit stocks in the Indian stock market, this NBFC stock reached its current lifetime high of ₹273.10 per share on February 8, 2024.
News about Mufin Green Finance
The multibagger NBFC stock announced total operational revenue of ₹271.78 crore for the October to December 2023 quarter, a 155 percent YoY increase over the ₹106.60 crore total operational revenue in the similar period of the previous fiscal year. In comparison to the ₹106.87 crore total income in Q3FY22, the company's total income in the third quarter of the current financial year, or ₹272.17 crore, represented an almost 155 percent Yoy increase. The company's net profit increased from ₹22.90 crore to ₹45.55 crore in Q3FY24, an over 100% growth.
The multibagger NBFC stock saw a sequential improvement as well, increasing its total operating revenue from ₹211.33 crore to ₹271.78 crore. From October to December 2023, the company's total income increased to ₹272.17 crore from ₹211.36 crore. Net profit for the company increased QoQ from ₹40 crore to ₹45.55 crore.
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