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Business News/ Markets / Stock Markets12.65 to 62.28: Penny stock turns multibagger in one year
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₹12.65 to ₹62.28: Penny stock turns multibagger in one year

Multibagger penny stock has turned ₹1 lakh to ₹2.50 lakh in the last three months

Multibagger penny stock has turned ₹1 lakh to ₹4 lakh in the last six months. (Photo: iStock)Premium
Multibagger penny stock has turned 1 lakh to 4 lakh in the last six months. (Photo: iStock)

Multibagger stock: Gujarat Toolroom shares are one of the multibagger penny stocks that the Indian stock market has delivered in the last one year. This small-cap stock under 100 is one of the circuit-to-circuit stocks of Dalal Street. It touched the upper circuit during early morning deals on Tuesday and a new 52-week high as well. However, this penny stock is one of those multibagger penny stocks that delivered whopping returns to its long-term investors. 

In the last one year, this penny stock has risen from 12.65 apiece to 62.28 per share levels, logging around 400 per cent rise in this time. So, Gujarat Toolroom shares are one of those penny stocks that have turned a multibagger in the last one year.

Gujarat Toolroom share price history

In the last one month, this multibagger penny stock has risen from 57.99 to 62.28 per share levels on BSE, logging around a 7.50 per cent rise in this time. In the last three months, Gujaraty Toolroom share price has shot up from 24.90 per share to 62.28 apiece level, recording a 150 per cent rally in this time. 

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In the last six months, this multibagger stock has surged from a 13.09 per share level to 62.28 apiece, delivering around a 300 per cent return to its shareholders. In the last one year, this multibagger penny stock has risen from 12.65 to 62.28 apiece level, registering a 400 per cent rise in this time.

Impact on your investment

Taking a cue from Gujarat Toolroom share price history, if an investor had invested 1 lakh in this penny stock one month ago, 1 lakh would have turned to 1,07,500 today. If an investor had invested 1 lakh in this small-cap stock under 100 three months ago, its 1 lakh would have turned to 2.50 lakh today. Similarly, if an investor had invested 1 lakh in this penny stock six months ago, its 1 lakh would have turned to 4 lakh today.

Likewise, if an investor had invested 1 lakh in this multibagger penny stock one year ago and it had remained invested in this penny stock till date, its 1 lakh would have turned to 5 lakh today.

This multibagger stock is available for trade on BSE only. Its market cap is 345 crore and its current trade volume after nearly two hours of trade on Tuesday session is around 2.72 lakh. Its 52-week high is 62.28 whereas its 52-week low is 8.58 apiece.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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Published: 09 Jan 2024, 12:12 PM IST
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