Multibagger stock: Shares of Optiemus Infracom have dropped 13.32% in a year and 26% in 2023. But Optiemus Infracom stock has given 39% gains in a month.
In the last three years, shares of Optiemus Infracom Ltd have been a great investment. On June 16, 2020, the multibagger stock ended at Rs 23.95, but on June 16, 2023, it went up to Rs 227.65 on the BSE. If you had put Rs 1 lakh into the shares of Optiemus Infracom, a big company that makes telecom equipment, three years ago, you would now have Rs 9.50 lakh. Sensex, on the other hand, has gone up by 88.62% during the same time period.
On June 16, Optiemus Infracom shares closed 1.19 percent lower at Rs 227.65, down from Rs 230.40 the day before. It’s been going down for the past three days. The stock price has gone down by 13.32% in a year and by 26% in 2023. But Optiemus Infracom stock has given 39% gains in a month.
On BSE, 0.20 lakh shares of the company changed hands, which brought in Rs 46.74 lakh. On BSE, the company’s market value dropped to Rs 46.74 crore. On December 9, 2022, the stock hit a 52-week high of Rs 376, and on April 27, 2023, it hit a 52-week low of Rs 160.45.
Technically, Optiemus Infracom’s relative strength index (RSI) is 56, which means it’s neither oversold nor overbought. The one-year beta for Optiemus Infracom stock is 1.1, which means that the stock was very volatile during that time. The price of Optiemus Infracom shares is greater than the moving averages of the 20-day, 50-day, and 100-day periods, but lower than the moving averages of the five-day and 200-day periods.
For the quarter ending in March 2023, the company’s net profit rose by 508% to Rs 17.22 crore from Rs 2.83 crore for the quarter ending in March 2022. In the quarter ending March 2023, sales went up 75.06%, from Rs 194.50 crore to Rs 340.50 crore. In the quarter ending March 2022, sales were Rs 194.50 crore.
Optiemus Infracom is a telecommunications company that does a lot of different things. It is a big player in the Indian mobility industry. The company has been around for more than 25 years and has worked in many different fields, such as managing, distributing, and selling mobile and telecom goods in the Indian subcontinent.