Many penny stocks in the stock market make their investors rich by giving them multibagger returns. One such penny stock is Gujarat Toolroom, whose shares are currently priced at less than Rs 15, but its returns have been tremendous.
Nano Cap Company Penny Stock
This company, which makes molds for medical disposables, pharmaceuticals and food and beverage packaging, is not only in the category of penny stocks, but is also counted among nano-cap companies in terms of market cap. The price of one share of the company is currently only Rs 14.86, which makes it a penny stock. At the same time, the market cap of the company is currently below Rs 200 crore at the level of Rs 173.36 crore. In this way, it becomes a nano-cap category company.
Upper circuit was applied on the price yesterday
A day before, on Wednesday, the price of this stock saw a tremendous rise. Yesterday, its stock hit an upper circuit and closed at Rs 14.86 with a gain of 4.94 percent. This is the highest level of the price in the last 3 months. However, it is much below the 52-week high of Rs 45.95.
The stock has suffered a loss recently
Talking about the company’s returns, the recent few months have not been good for it. The stock is in profit of 3.12 percent in the last one week, while it is in loss of 1.91 percent in one month and 34.33 percent in 3 months. Since the beginning of this year, the price of its shares has fallen by about 60 percent.
More than 11 thousand percent return in 10 years
However, in the long run, this stock has proved to be a money printing machine for its investors. As per the last one year, this stock has been successful in earning more than 50 percent for its investors. The 2-year return of the stock is 1,240 percent, 3-year return is 2,150 percent, 5-year return is 3,440 percent and 10-year return is 11,330 percent. Currently, after the company received a big order of Rs 150 crore, its price is rising.
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