One lakh became Rs 30 lakh, even veterans have invested money in this share

New Delhi. Shares of pharma company Newland Laboratories, included in the portfolio of veteran investors Vijay Kedia and Mukul Aggarwal, have made investors crazy in just five years. Five years ago, i.e. in 2019, the price of this multibagger share was Rs 500, whereas on November 14, 2024, its price increased to Rs 15,547.45 on BSE. In this way, the stock has given a strong return of 2953 percent during this period.

Newland Laboratories share price has jumped 147 percent in the last one month. This multibagger share has given 192 percent return in the year 2024. The price of this share has increased by 186 percent in a year. The market cap of the company is around Rs 20,000 crore. On November 12, 2024, the stock touched its 52-week high of Rs 16,544.75 on BSE.

Also read- Time is money… If you give 5 years more time to invest, you will get profit as much as 20 years, see the calculation.

One lakh became Rs 30 lakh
If someone had invested Rs 20,000 in Newland Laboratories shares 5 years ago and held it till now, that investment would have become more than Rs 6 lakh. Similarly, if an investor had invested Rs 50,000 in this multibagger share five years ago and has maintained his investment, then today his investment has taken the shape of Rs 15 lakh. The person who invested Rs 1 lakh in Newland Laboratories shares five years ago is getting more than Rs 30 lakh today.

financial position of the company
Newland Laboratories’ consolidated revenue declined 25 percent year-on-year to Rs 310.84 crore in the July-September 2024 quarter, from Rs 417.74 crore a year ago. Net profit also declined by 63 percent to Rs 328.42 crore compared to a year ago, which was Rs 892.47 crore in the September 2023 quarter.

Decline in half yearly results also
The consolidated net profit of the company in the April-September 2024 half year was Rs 130.71 crore, which was Rs 151.12 crore a year ago. During the same period, revenue from operations declined to Rs 750.44 crore, whereas last year this figure was Rs 780.74 crore.

(Disclaimer: The information given here is based on mutual fund performance. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any profit or loss you may incur. .)

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