Mauritius-based FII buys stake in multibagger small cap stock. Share hits the top circuit

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Multibagger stock: Mauritius-based foreign investment agency Eriska Investment Fund has taken a stake in Indian small-cap company Sampre Nutritions Ltd. these 50,000 social actions paying 101 each. This means that the Mauritius-based FII has invested 50.50 lakh in the small cap company whose current market capital is around 52 crore.

After the announcement on Dalal Street of the purchase of Mauritius-based FII’s stake in this micro-cap company, Dalal Street bulls rushed to this small-cap stock which led to a rise in the stock and eventually the stock hit 5% of the upper circuit on September 15, 2022. However, if Sampre Nutritions BSE stock price history is any indication, the stock reached the circuit higher in the last four consecutive days.

Samper Nutritions Share Price History

This micro-cap stock is one of the multibagger stocks that the Indian stock market has produced in 2022. Year-to-date (YTD), this small-cap stock has jumped around 33 to 107.40, registering an increase of almost 225% in 2022. Similarly, in the past year, this 2022 multibagger stock has grown from approximately 17 to 107.40 levels each, registering an increase of around 550% over this time horizon.

This BSE-listed small cap stock ended with a market capitalization of 52 crores in Thursday’s session. Its Thursday trade volume was 82,818, which is well above its average trade volume for the past 20 days of 29,235. The book value per share of this 2022 multibagger stock is around 23 and it is available at a PE multiple of 31.22 while the sector PE is 69. The multibagger stock is near its lifetime high of 109.40 each while its 52 week low is 1:80 p.m.

Sampre Nutritions Ltd, a Gurbani Group company, is a one stop shop for the development of confectionery chocolates, hard candy etc. In association with Micro Nutrient Initiatives Canada, the company has developed Nutri Candy vitamin candies which have been shown to be therapeutic in improving hemoglobin levels after comprehensive efficacy and effectiveness studies conducted by AIIMS Institute Delhi for children malnourished and nursing mothers. This product has been made available by Aaganwadi in various states across the country.

The group’s customers include multinationals including P&G, Boots, Cipla, Ranbaxy, Mondelez Foods Pvt Ltd (formerly Cadbury Indian Limited), Future Group, Patanjali, Dabur, etc. in addition to having its own brands.

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