₹13 to ₹212: In a single year, this debt-free multibagger stock increased 1,481%

The rupee has reached an all-time low, recent fast rate hikes, and rising inflation are to blame for the recent quick slide in Indian equities markets, which are being abandoned by Foreign Portfolio Investors (FPIs). Weak global cues are also to blame. Despite a poor market, one BSE-listed stock, S & T Corporation Ltd., has produced a multibagger return in a year and has maintained consistently positive traction for 30 consecutive sessions. Despite the weak market, where both the Nifty and the Sensex have almost reached their 52-week lows, this is true.

Share price history of S&T Corporation Ltd

Despite the low Sensex, the price of ST Corporation’s shares increased from ₹13.45 on June 29, 2021, to ₹212.65 on June 24, 3:50 IST. This is a multibagger return of 1,481.04 percent during the same time period. Despite a 10.91% fall in the Sensex during that time, the year-to-date (YTD) movement of the stock from ₹22.50 on January 3, 2022, to the current level predicts an 845.11 percent multibagger return for the year so far in 2022.

Despite the Sensex index falling by 8.17 percent during that time, the stock has increased from ₹20.80 on December 27, 2021, to its current price level during the past six months, signifying a multibagger return of 922.36 percent. Despite the Sensex’s 2.81 percent loss during that time, the stock increased from ₹76.75 on May 26, 2022 to the current level in the previous month, representing a multibagger return of 177.07 percent. The Sensex has only climbed by 2.75 percent during the last five trading days, whereas the stock has increased by 21.48 percent.

Key takeaways from the stock

ST Corporation is a small-cap business with a market capitalisation of ₹135 Cr. The company works in the construction and textile industries. Data from Value Research and Screener indicate that the company is practically debt-free, which may be a huge benefit for the stock. In other words, at the current price of ₹212.65, the stock is trading 1643% higher than its 52-week low. The stock’s 52-week high on the BSE was ₹212.65 on June 24, 2022, while its 52-week low was ₹12.20 on June 24, 2021. 26,559 shares of the stock were traded most recently. Based on the price at which it was last traded, S & T Corporation is currently trading above the 5 days, 20 days, 50 days, 100 days, and 200 days moving averages. The promoter holding was 72.52 percent as of March 2022, and the public shareholding was 27.48 percent, both records since June 2019. The stock’s current book value per share is ₹20.40, and its P/E ratio is 198.74. A major drawback for the investment could be the stock’s current high P/B of 10.42.