1 lakh became 30 lakh rupees here, these big investors have also invested their money here…
New Delhi. Shares of pharma company Newland Laboratories, included in the portfolio of veteran investors Vijay Kedia and Mukul Aggarwal, have made investors crazy in just five years. Five years ago, i.e. in 2019, the price of this multibagger share was Rs 500, whereas on November 14, 2024, its price increased to Rs 15,547.45 on BSE. In this way, the stock has given a strong return of 2953 percent during this period. The price of Newland Laboratories share has increased by 147 percent in the last one month. This multibagger share has given 192 percent return in the year 2024. The price of this share has increased by 186 percent in a year. The market cap of the company is around Rs 20,000 crore. On November 12, 2024, the stock touched its 52-week high of Rs 16,544.75 on BSE.
One lakh became Rs 30 lakh. If someone had invested Rs 20,000 in the shares of Newland Laboratories 5 years ago and had held it till now, then that investment would have become more than Rs 6 lakh. Similarly, if an investor had invested Rs 50,000 in this multibagger share five years ago and has maintained his investment, then today his investment has taken the shape of Rs 15 lakh. The person who invested Rs 1 lakh in Newland Laboratories shares five years ago is getting more than Rs 30 lakh today.
Financial position of the company: In the July-September 2024 quarter, the consolidated revenue of Newland Laboratories declined by 25 percent on an annual basis to Rs 310.84 crore, which was Rs 417.74 crore a year ago. Net profit also declined by 63 percent to Rs 328.42 crore as compared to a year ago, which was Rs 892.47 crore in the September 2023 quarter. There was also a decline in the half yearly results. The company's consolidated net profit in the April-September 2024 half year was Rs 130.71 crore, which was a Last year it was Rs 151.12 crore. During the same period, revenue from operations declined to Rs 750.44 crore, whereas last year this figure was Rs 780.74 crore.
Post Views: 180
Comments are closed.