The shares of MM Rubber Company Limited have surged by 4.98% on Monday’s early trades and are currently locked at an upper circuit. They reached their fresh all-time high of ₹ 125.45 on the Bombay Stock Exchange (BSE).
In the past five days, the share price of the company has increased by a massive 56.91% from ₹ 79.95 apiece to ₹ 125.45. If an investor had invested ₹ 1,00,000 in the shares of the company five days ago, the value of their holdings would have been ₹ 1,56,910 today.
Further, the shares have given multibagger returns of 144.54% in the past six months and 188.06% in the past year. The reason for the increase in the share price of the company is not known yet, however, its financials have improved.
The company has a market cap of ₹ 78.17 crores. Its revenue has increased by 37% to ₹ 37 crores in the current year as compared to ₹ 27 crores last year. Further, it made profits this year. Its debt to equity ratio has decreased to 0.25 (ideal is 0 to 1) from 3.77 in 2018. Its current ratio has also improved from 0.93 in 2018 to 1.27 in 2022. It does not have pledged shares.
MM Rubber Company Limited produces latex foam rubber products, medical examination gloves and bi-axially oriented polypropylene film. It is one of the major companies that supply foam sheets for seats of buses, scooters and motorcycles.
Written by Simran Bafna
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
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