900% return in one year! Multibagger stock hits 5% upper circuit after strong Q1FY27 results

Magnus Steel and Infra shares hit the 5% upper circuit after posting a sharp jump in Q1 FY27 earnings. Net profit surged 490.6% year-on-year to about 241 lakh rupees, while revenue from operations rose 273.7% year-on-year to about 730 lakh rupees. Separately, the company has proposed a rights issue of up to 40 crore rupees to augment its capital base, with the Rights Issue Committee meeting deferred pending stock exchange approval.