Market Update: Mufin Green Finance Ltd Emerges as Top Multibagger in Indian Stock Market, Soaring Over 450% in One Year for Positional Investors. Analysts Eye Further Upside Potential.
Mufin Green Finance share price surged today, reaching an intraday peak of ₹250 per share on the BSE. Within moments of the opening bell on Thursday, the stock hit the 5 percent upper circuit. Continuing its upward momentum, it remained locked in the upper circuit throughout Thursday’s trading session, marking the second consecutive day. Since reaching its all-time high of ₹273.10 per share on February 8th, 2024, this NBFC stock has consistently been one of the Indian stock market’s circuit-to-circuit performers.
In the third quarter of the financial year 2023, the multibagger NBFC stock witnessed substantial growth in its financial performance. Total revenue from operations stood at ₹271.78 crore, marking an impressive 155 percent year-on-year increase compared to ₹106.60 crore in the same period of the previous fiscal year. The company’s total income for Q3FY24 amounted to ₹272.17 crore, reflecting a similar 155 percent YoY rise from ₹106.87 crore in Q3FY22. Additionally, the company’s net profit nearly doubled, surging from ₹22.90 crore in Q3FY22 to ₹45.55 crore in Q3FY24.
The multibagger NBFC stock showcased significant sequential improvement in its financial performance for the October to December 2023 quarter. Total revenue from operations increased from ₹211.33 crore to ₹271.78 crore, reflecting a notable growth trajectory. Similarly, the company’s total income surged from ₹211.36 crore to ₹272.17 crore on a sequential basis. Additionally, the company’s net profit saw a substantial increase from ₹40 crore to ₹45.55 crore quarter-on-quarter, highlighting its strong momentum and operational efficiency.
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