Share Market good return: Investors got big benefit from large cap shares, money also doubled

In the last one year, many stocks have been performing well in the Indian stock market. On the other hand, the large cap share i.e. SRF Limited has more than doubled the wealth of investors in a year. According to the latest information, on Thursday, November 18, 2021, during trading on BSE, this stock rose by 4 per cent to Rs 2244.15. Let us tell you that at the end of trading, it closed at Rs 2187.50 with a gain of 1.32 percent. On November 18, 2020, this stock was priced at only Rs 1005.

According to reports, this large cap stock has grown by about 123 percent in the last one year and since the beginning of this year i.e. January, it has grown around 96 percent. In this way, it has more than doubled the money of investors in a year. The market cap of the company has increased to Rs 64,000 crore. This company is in many businesses like Automotive, Chemical, Pharmaceuticals, Food and Agro, Air Conditioning.

Reports show that in the quarter of September 2021, the company’s net profit increased by 21 percent to Rs 382.45 crore. A year ago i.e. in September 2020, the company’s profit was Rs 315 crore. The company’s sales grew 35 percent to Rs 2,838.97 crore in the September 2021 quarter. The company’s Managing Director Ashish Bharat Ram said on the results, ‘This is another good quarter for the company.

According to the latest reports, due to many national-international factors, we have increased the key raw material and logistics cost, there have been many challenges related to Kovid and supply disruption, despite all this we have been able to deliver good results. Brokerage firm ICICI Securities does not consider the company’s September quarter results very encouraging, but expects the company to perform better in the second quarter of this financial year. The reason for this is that margins in its chemical business will increase further.