Cosmo Ferrites turns multibagger, shares up nearly 2,000% in 2021
New Delhi
18-December-2021

photo:IANS
Cosmo Ferrites stocks have bagged strong and healthy returns in 2021, rising by almost 2,000 per cent.
Shares of the company rose from Rs 12 in the beginning of 2021 to Rs 247 on Friday's close.
The sharp rise in share prices helped it in becoming a multibagger stock, or those whose share prices rise exponentially over a short period of time.
Founded in 1985, the company produces ferrite cores, which is widely used in electromagnetic devices.
The company market capitalisation is worth Rs 298 crore.
The net profit of Cosmo Ferrites reportedly zoomed 800 per cent to Rs 3.51 crore in the quarter that ended in September 2021 as against Rs 0.39 crore in the same quarter in 2020.
Sales of the company rose 42.49 per cent to Rs 26.19 crore in the quarter ended September 2021 as against Rs 18.38 crore in the corresponding period in 2020.
Watch This TWL Video
The Centre's production-linked incentive offerings in key manufacturing sectors seemed to have supported the company's outlook. -IANS
More Headlines
Texas Floods Kill 109, Over 160 Missing as Guadalupe River Search Continues
Gopal Khemka Murder: Accused Vikas Kumar Killed in Police Encounter in Patna
Shiv Sena-UBT Hits Back At BJP Amid Attacks On Hindi-Speaking Individuals
Shiv Sena (UBT) Hits Back at CM Fadnavis Over ‘Rudaali’ Remark on Uddhav’s Rally Speech
Chennai Beats Delhi and Mumbai in Paying Freshers—Here’s How Much They Earn!
Texas Floods Kill 109, Over 160 Missing as Guadalupe River Search Continues
Gopal Khemka Murder: Accused Vikas Kumar Killed in Police Encounter in Patna
Shiv Sena-UBT Hits Back At BJP Amid Attacks On Hindi-Speaking Individuals
Shiv Sena (UBT) Hits Back at CM Fadnavis Over ‘Rudaali’ Remark on Uddhav’s Rally Speech
Chennai Beats Delhi and Mumbai in Paying Freshers—Here’s How Much They Earn!