Rs 21 to Rs 95: This multibagger SME stock skyrocketed more than 300 per cent in less than three months!

On December 16, 2022, the company made a new 52-week

Containe Technologies Limited (CTPL) is engaged in the business of automobile safety and GPS solutions in the automobile sector. Incorporated in 2008, the company manufactures a wide range of technology-intensive electronic and mechanical automotive products. The market capitalization of the company is around Rs 59 crore.   

On Tuesday, shares of Containe Technologies surged 5 per cent from the previous closing level of Rs 90.70, to touch the upper price band of Rs 95.20. The scrip witnessed a spurt in volume by more than 1.34 times and closed 4.91 per cent up at Rs 95.15. On December 16, 2022, the company made a new 52-week high level of Rs 95.45.  

In the September quarter of 2022, the company’s revenue of operations stood at Rs 9.20 crore. The company reported a Profit After Tax (PAT) of Rs 0.23 crore.  Recently the company in its press release, stated that they have secured approval for registration of the VLT (Vehicle Location Tracking) devices, for usage in the state of West Bengal.  

Post its listing, the company has shown positive traction as it has skyrocketed more than 312 per cent in just 3 months. Keep a close eye on this trending multibagger stock.