Mumbai: People who invest in the stock market always seek out multibagger stocks due to their lucrative returns. However, if you want to make more money from stocks, you need to be patient. Neuland Laboratories Ltd. is another stock that has yielded multifold returns for its investors.
At present, Neuland Laboratories Ltd shares are being traded at Rs 10,885.05/ share. The stock has gone up by almost 17,757% in the past 13 years and currently trades at Rs 61.60 per share, giving a phenomenal 179 times return. With this stock, an investor who invested Rs 1 lakh 13 years ago would see their investment become Rs 1.78 crore today.
Neuland Laboratories’ scrip was trading over 6% lower at Rs 10,885.05 on NSE on Thursday, 27th February, when the market was sluggish. Yes, the stock has been volatile this past year; however, it has delivered metric-long-term gains to its investors.
Neuland Laboratories stock is down more than 11% over the last six months and down by 19% in the last month. The stock has dropped from Rs 14,294 per share to Rs 10,915 per share year overyear, a decline of 23.64%.
The net profit for the quarter ending 31st December 2024 for Neuland Laboratories was Rs 57.24 crore, 13.3% lower than the two-year average PAT for previous quarters. Similarly, the company’s Profit Before Tax (PBT) decreased by 19.6% compared to the previous four quarters due to this average. The EPS of Rs. 78.75 is the highest in the last five quarters, which demonstrates both better profitability and higher returns to shareholders for Neuland Laboratories.