High return stocks: This share turned Rs 5 lakhs to Rs 29.25 lakhs in one year

On July 1, 2020, the share of this company was at Rs 107. On Wednesday, its share price rose to Rs 626.

Latest News
Representative image

High Return Stocks 2021: To get high returns in the stock market, it is important that you choose the right stocks and have patience. We are about to tell you about a  stock, which made investors rich in a short time. The share is is Ramco Systems Limited.

The shares of Ramco Systems Limited have given a return of 485 per cent to its investors during the last 12 months. On July 1, 2020, the share of this company was at Rs 107. On Wednesday, its share price rose to Rs 626 per share in intraday trading. During this one year, Sensex has given a return of 51%.

5 lakh would become Rs 29.25 lakh

If you had invested Rs 5 lakh in the shares of Ramco Systems Limited on July 1, 2020, you would have got 4,672 shares at Rs 107. Now if the price of the shares has increased to Rs 626, then the total value of your shares as on date would have been Rs 29.25 lakh. If you had invested only Rs 1 lakh in this, then this amount would have reached Rs 5.85 lakh in a year. That is, you would have got more than 5 times the return.

For FY21, Ramco Systems Limited had a global income of $86.90 million (Rs 640.9 crore) and a net profit of $7.56 million (Rs 55.8 crore). To make the company debt-free, Ramco also arranged for sufficient cash flow to pay off the entire debt.

The company made a net profit of Rs 7.35 crore for the period ended March 31, 2021, as against a loss of Rs 5.85 crore for the period ended March 31, 2020. The total income of the company for the quarter that ended March 2021 increased 12.86 per cent to reach Rs 152.92 crore.

In early June, Ramco Systems announced the launch of Self-Explanatory Pay-Slip, a smart, AI-based service that gives employees an explanation of their salary and pay-slip component. Ramco's self-explaining pay-slip gives employees quick answers to their Payroll related queries without writing to the Payroll helpdesk and waiting for an answer.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.

Live tv