🟢 At a Glance:
A little-known stock went from penny trash to multibagger gold — ₹4 to ₹48 in 9 months. That’s a 1,100%+ return, making even Nifty bulls cry. But here’s the kicker: buried deep in the audit report is a line that should terrify retail investors. Let’s decode this meme-turned-nightmare.
🏢 About the Company:
Let’s call it XYZ Multibags Ltd. (because even the name smells like a pump).
- Sector: IT/Infra/Solar/EV — depends on the quarter
- Market Cap: ₹500 crore (on steroids from ₹30 cr last year)
- Promoter holding: 34% — and falling
- Retail holding: 59% — 🙃
Founded in 2013, it
pivoted 6 times in 6 years. Started in metal pipes, moved to cloud computing, now claims it’s “India’s leading AI-enabled EV infra stack player.”
Because of course.
📈 The Wild Rally
| Date | Price | Trigger |
|---|---|---|
| Sep 2024 | ₹4.25 | Bulk deal by unknown investor |
| Nov 2024 | ₹12.60 | AI announcement + solar JV |
| Jan 2025 | ₹24.80 | Inclusion in smallcap index |
| May 2025 | ₹48.30 | “Strategic global partnership” with shell firm |
If you put ₹10,000 in at ₹4.25, you’d be sitting on ₹1.13 lakh today.
BUT…
🕵️♂️ The Red Flag Nobody Reads
Buried on Page 49 of the FY25 Annual Report:
“The Company received
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