Multiple-bagger stock: Ugar Sugar shares increased from Rs 14.49 on June 19, 2020 to Rs 124.60 on June 19, 2023, representing a return of 760% during the period.
In the last three years, shares of Ugar Sugar Works Ltd have given investors a return of 760%. The stock went from being worth Rs 14.49 on June 19, 2020, to being worth Rs 124.60 on June 19, 2023, which is a 760% increase. Sensex, on the other hand, has gone up 82% in three years. If you had put Rs 1 lakh into Ugar Sugar stock on October 19, 2016, you would now have Rs 8.59 lakh.
On Monday, the sugar stock reached a trading high of Rs 124.60 on the BSE, which was higher than its previous close of Rs 122.20. During the same session, it also went down 4.6%, to Rs 116. Later, the stock finished at Rs 119.25, which was 2.41 percent lower than its opening price. After four trading days, the stock closed in the red.
In terms of technicals, Ugar Sugar’s relative strength index (RSI) is at 64.6, which means that it is neither overbought nor oversold. The stock’s beta is 1.1, which means that it will be very volatile over the next year. The 5 day, 20 day, 50 day, 100 day, and 200 day moving averages are all higher than the price of Ugar Sugar stock.
On BSE, the company’s market value dropped to Rs 1341.56 crore. On BSE, a total of 2.07 million shares of the company changed hands, which led to a turnover of Rs 2.47 crore. On June 16, 2022, the share reached its 52-week high of Rs 126.95, and on February 10, 2023, it hit its 52-week low of Rs 43.10.
For the quarter that finished in March 2023, 42 founders owned 44.35% of the company, or 4.98 billion shares, and 53613 public owners owned 55.65%, or 6.26 billion shares. At the end of the March 2023 quarter, 4,590,000 shares were owned by 52435 residents who each had up to Rs 2 lakh in share capital. In the last quarter, seven people who lived in the country had private share capital of more than Rs 2 lakh. At the end of the March 2023 quarter, 10 FPIs owned 4.87 lakh shares of the company.
For the quarter that finished in March 2023, the company’s net profit went from Rs 14.84 crore to Rs 65.26 crore, which is a 339.76% increase. For the quarter that finished in March 2023, sales went from Rs 363.38 crore to Rs 608.47 crore, which is a 67.45% increase.
For the fiscal year that ended in March 2023, the company’s net profit rose by 137.83%, from Rs 43.33 crore to Rs 103.05 crore. For the fiscal year that ended in March 2022, the company made Rs 43.33 crore. In the last fiscal year, sales went up by 57.74%, from Rs 1137.46 crore to Rs 1794.18 crore.
The Shirgaokar Group of Companies’ most important company is Ugar Sugar Works. The company has made white crystal sugar.