In just five trading sessions, the stock The share of West Coast Paper Mills (WCPM) is included in the list of stocks which have given multibagger returns in the year 2022 so far. has gained about 13 per cent. This multibagger stock has given 139.70 per cent multibagger returns to investors in the last six months. The packaging paper segment has seen good growth for the company due to increased demand from e-commerce, food and food products, FMCG and pharmaceutical sectors.
West Coast Paper Mills
The stock market continues to fluctuate in the year 2022. Despite the ongoing volatility in the market, some stocks are earning investors a lot. The share of West Coast Paper Mills (WCPM) is included in the list of stocks which have given multibagger returns in the year 2022 so far.
Multibagger Share of WCPM has given 144% return to investors in this period. On the first day of the week, there was a huge jump in this stock as well. On NSE, this stock rose 4.32 percent to reach the level of Rs 578. In the intraday, this stock had gone up by 5 percent to Rs 585 today.
This is its new 52-week high. The 52-week low of West Coast Paper Mills stock is Rs 217. Check prices before buying Multibagger returnsWest Coast Paper Mills stock is giving multibagger returns for a long time. In just five trading sessions, the stock has gained about 13 per cent. This paper stock has jumped 56 percent in a month.
Similarly, in the last six months, this multibagger stock has given 139.70 per cent multibagger returns to investors. The stock has climbed 144 per cent so far in 2022. Similarly, in one year, this stock has given 160 percent profit to investors.
Why such a high return?
According to a report by Moneycontrol, WCPM is involved in manufacturing of diversified products and has increased its presence in the writing and printing segments, security and high value grade paper. Its identity in the market is becoming that of a special company.
The packaging paper segment has seen good growth for the company due to increased demand from e-commerce, food and food products, FMCG and pharmaceutical sectors. With the gradual opening of schools, colleges and office spaces in the current financial year, demand is expected to grow by 11-15 per cent on a yearly basis.
Due to all these reasons, the stock of the company is continuously strengthening. Net profit In the April-June quarter of FY 23, the company consolidated more than five times with a growth of Rs 208.95 crore Net profit is recorded. In the same quarter last year, this figure was Rs 39.20 crore.
The company has benefited from strong operational performance. Its net profit on a quarterly basis has increased by 49 per cent to Rs 140.51 crore. (Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you wish to invest in any of these, please consult a Certified Investment Advisor first.)