Mefcom's subsidiary company's bumper profit, will this Multibagger Stock make money again?

The subsidiary company of Mefcom Capital Markets Limited earned a profit of Rs 108 crore in the last financial year. Some experts believe that the effect of this profit can come in the stock of the company, which is currently at Rs 18.90.

There are many such Multibagger Stocks in the stock market, which have made people rich. One of the same is the stock of Mefcom Capital Markets Limited. Last year, the return of this stock was 800 per cent and the person who had invested Rs 1 lakh became Rs 9 lakh. Once again this Multibagger Stock can give good returns, as its subsidiary companies have earned bumper profits.

According to the information provided by Mefcom Capital Markets Limited, the company's subsidiary company, which is Singapore base… has earned a profit of Rs 108 crore in the last financial year. This profit has surprised the investors and experts of the company. It is expected that this profit may affect the stock of Mefcom Capital Markets Limited company.

108 crores is a huge profit when the standalone market capitalization of Mefcom Capital Markets Limited is only 86 crores. Currently the stock of Mefcom Capital Markets Limited is at Rs.18.90. Some experts believe that after this profit, the stock price can reach 80 to 100 rupees.

Financial analyst Radhika Khanna says, "This profit in the company's Singapore subsidiary is likely to reflect on the stock, the potential for a substantial increase in the stock price due to this remarkable profit has piqued the interest of investors who are interested in the company's real value." Recognize the potential.

Significantly, Mefcom Capital Markets Limited's stock had given huge profits last year. The stock price was Rs 6.78 on July 2002, which reached Rs 158.90 by November 2022. Later its share was sub-division/split in 1/5. At present, the price of one of its stock is Rs 18.90.