Multibagger in just 10 days: Keep an eye on this stock, which was locked in the upper circuit on January 12
In just 10 days the stock gave multibagger returns of 100.6 per cent whereas BSE Small-cap index was down by 1.28 per cent.
One of the Top Gainers on the BSE today, shares of 3P Land Holdings Ltd surged and reached an upper price band of Rs 35.10 per share, after being locked in the 5 per cent upper circuit. In addition, the stock reached a fresh 52-week high of Rs 35.10.
The price of the company's shares has skyrocketed recently, hitting back-to-back 52-week highs. In just 10 days the stock gave multibagger returns of 100.6 per cent whereas BSE Small-Cap index was down by 1.28 per cent.
3P Land Holdings Ltd was incorporated in 1965 and has a market cap of Rs 63.18 crore. The business is engaged in manufacturing and selling a variety of papers, such as crepe, hygiene & carbon tissue, as well as poster, craft & wrapping paper for food, flowers and fruits.
In quarterly and annual financial statements, the corporation presented excellent figures. According to the annual consolidated financial statement, net sales increased by 52.59 per cent in FY22 over FY21 and net profit increased by 99.06 per cent in FY22 over FY21.
As of September 2022, the promoters own 73.30 per cent of the company and the public owns the remaining 26.70 per cent. Investors should keep an eye on this multibagger stock.