From Rs 11 to Rs 28: This penny stock delivered 152 per cent returns in just 30 days!

The stock is a multibagger delivering a 1019 per cent return in a year!

Galactico Corporate Services Ltd, primarily engaged in providing financial services, has delivered phenomenal returns for its shareholders in the past thirty days. From May 17 to June 16 2022, the scrip has jumped from Rs 11.25 to Rs 28.45, making a simple return of 152.8 per cent. Even today, on June 17, this penny stock has hit the upper circuit of 5 per cent to create a fresh 52-week high of Rs 29.85. 

The company has announced a bonus issue in the ratio of 3:10 i.e. 3 bonus shares for 10 shares held. It has also decided to sub-divide face value from Rs 10 to Rs 1. For the second half-year ended March 2022, the revenues jumped by 24.66 per cent to Rs 11.02 crore, while the net profit saw a decline of 17.6 per cent to Rs 2.49 crore.  

For the year ended FY22, the topline showcased a growth of 34.64 per cent to Rs 19.86 crore. The bottom line too grew by 12.5 per cent.    

Galactico Corporate Services Ltd is a SEBI registered merchant banker engaged in providing financial services such as corporate valuations, corporate advisory for IPOs, rights issue, FPO, buy backs, or in short many corporate actions. The scrip has a 52-week high and low of Rs 29.85 and Rs 2.71, respectively.