11,000 per cent returns in this multibagger penny stock at Rs 32.41: This micro-cap company bags orders worth Rs 2 billion from Reliance Industries Ltd
The stock gave multibagger returns of 105 per cent in just 1 year, 6,100 per cent in 3 years and a whopping 11,000 per cent in a decade.
Gujarat Toolroom Limited (GTL) further solidified its partnership with Reliance Industries Limited (RIL) by completing another stage of its substantial contract. This latest accomplishment, valued at Rs 650 million, signifies GTL's commitment to fulfilling their agreement and highlights the strength of their ongoing business relationship. This second instalment represents a significant milestone for GTL, showcasing its ability to deliver high-quality construction supplies and meet the diverse requirements of its esteemed clients like RIL.
GTL has a multi-part contract with Reliance Industries (RIL) with a total value exceeding Rs 2 billion. The first tranche of Rs 290 million was completed last month, and they recently fulfilled another Rs 650 million portion of the contract. With this progress, GTL is confident about completing the remaining parts of the agreement in the coming quarters. The successful execution of this contract is expected to have a positive impact on GTL's revenue and profitability in the future, and they will continue to provide updates on any further developments.
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Gujarat Toolroom Ltd manufactures syringe moulding and manufacturing of moulds. The company specializes in moulds for medical disposables, pharmaceuticals, food, and beverage packaging, caps, and closures, and writing instruments.
Today, shares of Gujarat Toolroom Ltd zoomed 5 per cent upper circuit to an intraday high of Rs 35.81 per share from its previous closing of Rs 34.11. At the closing bell, shares of Gujarat Toolroom Ltd were locked in a 5 per cent lower circuit to Rs 32.41 per share. The stock’s 52-week high of Rs 62.97 per share and its 52-week low is Rs 11.18 per share.
As of March 2023, the FIIs own 0.28 per cent stake while the rest 99.72 per cent stake is owned by the public shareholders. The stock gave multibagger returns of 105 per cent in just 1 year, 6,100 per cent in 3 years and a whopping 11,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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