Shares of this real estate company have given 15x returns in the last 2 years

Today, the stock opened at 20% upper circuit and was locked there for the remaining session.

Shares of Pune-based realty company have delivered an exponential return to its investors in the last two years, as the scrip has surged a whopping 1520% in the said period. In 2020, shares of the company were Rs 18.50 and today it is quoting Rs 264.

Incorporated in 2008, Suratwwala Business Group Ltd is a real estate development company primarily focusing on the development of residential and commercial projects in the Pune district. Its business activities comprise the development and sale of residential as well as commercial properties (the Development Business) and the maintenance of the properties developed by it (the Maintenance Business).

 Shares of this multibagger realty stock opened to an all-time high in today’s session at Rs 264. The stock is currently locked in the upper circuit limit of 20% over its previous close of Rs 220.

The stock has also outperformed the Frontline index S&P BSE Sensex which has given negative returns of 4.20% in the last one years, as compared to Suratwwala Business Group which has zoomed by 450%.

Shares of this BSE ‘M’ Group stock command a market capitalisation of Rs 458 and is currently trading at a P/E multiple of 32.

Suratwwala Business Group was listed under the BSE SME platform and pursuant to the resolution to migrate from BSE SME platform to the mainboard of BSE and NSE, the company had initiated a postal ballot of shareholders from September 4 to October 3 and accordingly been moved to BSE ‘M’ Group.