When you invest money in stocks, people make a lot of money, when you see the return, your mind will also be tempted, the money has not doubled, it has become nine times

New Delhi. There has been a lot of turbulence on the stock market in the last year. Nonetheless, there are many such stocks that have brought huge profits to their investors in the Indian market. This includes those stocks that have provided investors with a multibagger stock return. Even the stock we’re buying today has made investors rich in just three years. This stake is owned by Expleo Solutions Ltd.

Explo Solutions Limited shares are up more than 850% in the last three years. This smallcap stock closed at Rs.159 on May 22, 2020 and rose to a high of Rs.1501 on the BSE yesterday (May 23, 2023). The investors’ money increased by up to nine times.

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1 lakh became more than 9 lakh
Rs 1 lakh invested in Explo Solutions shares three years ago has turned into Rs 9.44 lakhs today. In comparison, the Sensex is up 102 percent over that period. In the current session, the company’s Multibagger shares rose 1.57% to Rs.1523 in BSE early trade. Explo Solutions shares opened at Rs.1475.30 today versus the previous close of Rs.1499.45 on the BSE. Shares of the IT services company are up 11% in a year and are up 25.09% year-to-date. The stock is up as much as 20% in a month. The company’s market capitalization rose to 1541 crore rupees on the BSE.

Explo Solutions stock’s Relative Strength Index (RSI) sits at 68.4, suggesting that it is trading in neither overbought nor oversold territory. Explo Solutions stock has a beta of 0.8, indicating low one-year volatility. Explo Solutions shares trade above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

financial performance
In the December quarter of 2022, the company reported a 154% increase in profit to Rs.2894 crore compared to a profit of Rs.1138 crore in the corresponding quarter of the previous financial year. Sales increased by 27.66% to Rs.135.12 crore in the December quarter 2022 compared to Rs.105.84 crore in the December quarter 2021. Operating profit increased by 83.55% to Rs.31.46 crore in the quarter ended December 2022, compared to 17.14 crore rupees in the corresponding quarter of the previous financial year.

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