The stock of Srestha Finvest Ltd has shown impressive growth, with multibagger returns of over 130 per cent from its 52-week low of Re 0.98 per share. Today, the stock gained 1.33 per cent to Rs 1.87 per share from its previous closing price of Rs 2.25, hitting a fresh 52-week high of Rs 2.28.
Srestha Finvest Ltd has recently expanded its partnership with Felix Industries Ltd to drive sustainable growth. Through a Facility Agreement, Srestha will provide Felix with up to Rs 50 million in funding to support the construction of a new plant focused on renewable energy, clean water, and water recycling technologies.
The collaboration between Srestha and Felix underscores the importance of environmentally responsible business practices. By investing in renewable energy and water-related projects, Srestha is positioning itself as a leader in the sustainable finance sector. This partnership is expected to have a positive impact on both companies and the environment.
Established in 1985, Srestha Finvest Ltd is a financial services company offering loans, financing, and investments. The company reported impressive quarterly and annual results, with total income and net profit showing significant growth in the latest financial year.
With a market cap of over Rs 180 crore and a 100 per cent public ownership, Srestha Finvest Ltd is a stock to watch. Investors should take note of the company’s strong performance and potential for further growth.
Disclaimer: The article is for informational purposes only and not investment advice.