The inventory has given multibagger returns of greater than 120 per cent in simply 1 yr

On June 7, 2023, the shares of Ion Alternate (India) Restricted surged by 2.41 per cent to commerce at Rs 4197 per share on BSE. In at this time’s buying and selling session the inventory traded at a brand new 52-week excessive of Rs 4227.45 per share on BSE. Additional, the scrip additionally witnessed a formidable spurt in quantity by 1.33 occasions.  

Ion Alternate (India) is concerned in a variety of water cycle options, from pre-treatment to course of water therapy, waste water therapy, recycle, zero liquid discharge, sewage therapy, packaged ingesting water, sea water desalination and so forth.  

Monetary Highlights for FY23 (consolidated):    

• The working revenue stood at Rs 2,550 crore, up 19.60 per cent over FY22.     
• PBT stood at Rs 2,578 crore, up 18.85 per cent over FY22.      
• Revenue After Tax stood at Rs 1,950 crore, up 20.59 per cent over FY22.      
• The EPS for FY23 stood at Rs 55.69 from Rs 56.64 in March 2022.  

The corporate has introduced inventory break up in ratio of 1:10. The sub-division of 1 share of the corporate with a face worth of Rs 10 every will break up into 10 fairness shares of face worth of Re 1 every.

Ace investor, Mukul Agarwal added Ion Alternate (India) Ltd to his portfolio. He purchased 76,050 shares at a mean worth of Rs 741 per share through a block deal.  

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The inventory has witnessed vital shopping for exercise because it has given multibagger returns of greater than 120 per cent in simply 1 yr. Traders should regulate this trending Small-Cap civil development inventory.

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