Heavy buying: Back-to-back upper circuit in this multibagger penny stock; gains over 100 per cent!

Shares of the company gained more than 30 per cent in the last six months.

Shares of Captain Polyplast Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained more than 30 per cent.

The company posted muted Quarterly Results in Q4FY24. The revenue of the company stood at Rs 68.77 crore which decreased by 10.36 per cent YoY. The operating profit of the company stood at Rs 9.65 crore. The company’s PAT stood at Rs 4.75 crore which increased by 84.1 per cent Q4FY24.

Shares of Captain Polyplast Limited have also delivered multibagger returns to their shareholders in the last one year. During this period, the company’s share price jumped from Rs 21.32 on June 12, 2023, to Rs 49.57 on June 07, 2024, an increase of about 130 per cent in the last one-year holding period.

Captain Polyplast Limited is a manufacturer, and exporter of supreme quality HDPE Pipes and irrigation equipment including Drip Irrigation Systems, Sprinkler Irrigation Systems, Disc Filters, Screen Filters, Hydro-Cyclone Filters, Sand Filters, Gravel Filters, Compression Fittings, Valves (Electric and mechanical), Fertilizer Tanks, Digital Controllers, Pressure Gauges, etc. The company’s goal is to achieve a leading position in the industry and acquire the capability to serve the world with excellent irrigation products.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.