Manaksia Limited, a top-tier manufacturer of metal packaging products, has seen an impressive 715% increase in its post-tax profit for the second fiscal quarter. The firm’s net sales for this period reached Rs. 5709 crore, a significant leap from Rs. 1047 crore during the same quarter of the preceding year.
This robust performance is largely due to Manaksia’s commitment to innovation, quality, and customer satisfaction. The company continually invests in research and development, striving to innovate new products and enhance existing ones. Concurrently, they are broadening their product portfolio to appeal to a more diverse clientele.
In terms of market performance, Manaksia’s stock has been faring exceptionally well, earning it the reputation of a multibagger stock. The company’s shares have soared over 165% from its 52-week low of Rs. 22.50 to a high of Rs. 59.70.