This least-known stock posts the biggest surge with shares rising 2,277% this year????
Hemang Resources Ltd: From Rs 3 a share to Rs 70
Shares of this coal trading and infrastructure company have surged more than 20 times this year. Beginning in 2022 at Rs 3, the share price is now Rs 70.
About the company:
Incorporated in 1993, Hemang Resources Limited is an India-based company mainly engaged in trading all types of coal, stevedoring, logistic services, and land acquisition. The Company operates through two divisions: Coal Trading and Infrastructure. The coal trading division includes trading imported and indigenous coal and selling it to various industries in India. The infrastructure division is engaged in the activity of procuring a quantity of land for the purpose of dealing in the real estate sector.
Hemang Resources Share Price Insights:
ROE Outperforming 5-Year Average: Company delivered an ROE of 102.06% in the year ending 31 Mar 2022 outperforming its 5-year avg. of -26.29%. (Source: Standalone Financials)
Beating 3-Yr Revenue CAGR: Company's annual revenue growth of 479.09% exceeded its 3-year CAGR of 27.69%. (Source: Standalone Financials)
Employee & Interest Expense: Company has spent less than 1% of its operating revenues towards interest expenses and 0.63% towards employee costs in the year ending 31 Mar 2022. (Source: Standalone Financials)
Hemang Resources Share Price Update: Hemang Resources Ltd.'s share price moved down by -4.94% from its previous close of Rs 69.80. Hemang Resources Ltd. stock last traded price was 66.35
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