800% returns in seven years! Multibagger small-cap stock below ₹20 hits record high. Do you own?
Onesource Industries & Venture's share price increased by 5% to ₹13.60, ending a three-day decline. The stock has surged 136% since June 2023, providing 800% returns over seven years. The company is exploring growth opportunities in domestic and international markets.
Multibagger Penny Stock: Onesource Industries & Venture has seen its share price jump by 5% in today's trade (January 16) to ₹13.60 apiece, snapping a three-day losing streak. The company, which is engaged in trading agricultural commodities, has seen its shares grow steadily in recent months, delivering substantial returns to its shareholders.
The shares, valued at ₹5.75 apiece in June 2023, have jumped 136% to their current level. During this period, the shares rose in five out of seven months (including the current month), with July recording the highest monthly gain of 49%, followed by December with a gain of 42.5%.
So far this month, the shares have risen another 9%. Impressively, the stock has delivered remarkable returns to long-term investors, increasing by 800% in seven years. If an investor had invested ₹1 lakh during this period, his investment would have grown to nearly ₹9 lakh.
Looking at the stock's yearly performance, it ended CY24 with a gain of 90%, and prior to this, the stock delivered a phenomenal return of 405% in CY21.
About Company
Onesource Industries & Venture trading portfolio includes activities such as cultivating, growing, producing, harvesting, raising, or dealing in agricultural produce, operating as agriculturists, farmers, or gardeners.
The company is focused on tapping both domestic and international markets, with substantial potential for growth. Additionally, it seeks to explore the vast export market, alongside opportunities in outsourcing and business process management, to further its expansion.
The company in its FY24 annual report said it continues to assess opportunities for growth and expansion and remains ready to make investments when attractive prospects arise.
During the September quarter (Q2FY25), the company reported total revenue of ₹32.47 crore, compared to ₹4.30 crore in the previous year. The net profit improved to ₹0.57 crore, up from ₹0.20 crore in Q2FY24.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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