This Multibagger Appliances Stock Gains 19% Last Week Even Amid Weak Cues

Even as the market has been correcting and is highly volatile, some of the quality stocks are faring well even in such times. This said one of the stocks in the portfolio of Dolly Khanna from the domestic appliances segment hit upper circuit for four days in a row last week, taking last week's gains to 19% from Rs. 877.3 as on December 10 to Rs. 1048.35 as on December 17, 2021.

The circuit in the stock market parlance is the situation when a stock moves sharply in either direction and attains level of its maximum tradable price allowed for in a day.

Earlier for the same scrip Butterfly Gandhimathi Appliances ICICI Direct gave a 'Buy' recommendation at a price of Rs. 1008.55 for a target price of Rs. 1255. The stock last traded at a price of Rs. 1018.5 per share.

Stock market experts are further bullish on the multibagger scrip which in the last one year has yielded gains to the tune of 136%, while its YTD returns are to the tune of about 119%.

As of September quarter of Fy22, Dolly Khanna has 1.19% stake in the firm.

The company has been posting stellar performance with revenue from operations increasing both sequentially and on YoY basis to Rs. 403 crore. Net profit at the company also jumped substantially from just Rs. 0.95 crore in June ended quarter to Rs. 25.5 crore in the September ended quarter. Debt to equity at the firm had been also negligible at the firm at just 0.05 in 2021.

Butterfly Gandhimathi Appliances is a small cap company manufacturing home appliances. It was the first company in the country to introduce stainless steel pressure cookers as well as vacuum flasks. The company's product range includes LPG Stoves, Mixer Grinder etc.

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