President of India’s Portfolio Bought 22,68,924 Shares of this Multibagger Penny Stock Under Rs 20; Hit Upper Circuit on January 16
The stock gave multibagger returns of 485 per cent in 3 years and a whopping 4,661 per cent since its listing in 2018.
On Thursday, one of the Top Gainers on BSE, shares of this Small-Cap company hit a 5 per cent upper circuit to Rs 17.14 per share from their intraday low of Rs 16.33 per share. The stock's 52-week high is Rs 34.79 per share, and its 52-week low is Rs 17.29 per share.
The buzzing stock name is HARDWYN INDIA LTD.
Hardwyn India Ltd, listed on both BSE and NSE, specializes in manufacturing architectural hardware and glass fittings for residential and commercial structures, providing comprehensive solutions. The company boasts a market capitalization of Rs 837 crore.
According to the company's shareholding pattern available on the Bombay Stock Exchange (BSE), the President of India's investment portfolio recently witnessed a new addition. In December 2024, a 0.46 per cent stake (comprising 22,68,924 shares) in the company was acquired. The existing shareholding structure includes 43.77 per cent by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs), 0.46 per cent by the Government and 55.70 per cent by the public.
Hardwyn India Limited has declared a bonus issue of 13,95,52,587 equity shares to its shareholders, approved on December 30, 2024. Existing shareholders will receive 2 bonus shares for every 5 shares as of the ex-date, which was December 27, 2024. This increases Hardwyn India Limited's paid-up equity share capital to Rs 48,84,34,054, representing 48,84,34,054 equity shares with a face value of Re 1 each.
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Hardwyn India Ltd has also signed an MOU with The Gyalsung Infra, a leading Bhutanese construction company, for the supply of a wide range of products for their renovation and construction projects over the next two years. This Rs 5 crore partnership marks Hardwyn India Ltd.'s entry into the Bhutanese market, allowing them to contribute to the country's infrastructure development while aligning with their vision of global leadership in the hardware industry.
According to Quarterly Results, the net sales increased by 62 per cent to Rs 51.65 crore and net profit increased by 201 per cent to Rs 4.04 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 35 per cent to Rs 92.57 crore and net profit increased by 108 per cent to Rs 5.38 crore in H1FY25 compared to H1FY24.
The stock gave multibagger returns of 485 per cent in 3 years and a whopping 4,661 per cent since its listing in 2018. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.