Multibagger penny stock under Rs 15: Watch out for this small-cap stock that was locked in upper circuit on May 23

The stock gave multibagger returns of 147.73 per cent in just 6 months whereas BSE small-cap index is up 3.50 per cent.

On Tuesday, the benchmark indices started the day higher. BSE Sensex Index was up 0.30 per cent at a level of 62,167 and NSE Nifty-50 Index was up 0.42 per cent at a level of 18,392.

One of the Top Gainers on BSE, shares of Kenvi Jewels Ltd were locked in a 5 per cent upper circuit to Rs 10.90 per share from its previous closing of Rs 10.40. The stock has a 52-week high of Rs 12.14 and a 52-week low of Rs 2.24.

On May 19, 2023, the shares of the company traded ex-bonus with a ratio of 1:4 and ex-split, reducing the face value from Rs 10 per share to Rs 1 per share. After the issuance of bonus shares and the stock split, the company's shares are hitting back-to-back upper circuits.

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Incorporated in 2002, Kenvi Jewels is in the business of manufacturing, wholesaling and retailing jewellery. The designing of jewellery is done in-house which is manufactured at its manufacturing unit.

Talking about the financials, Kenvi Jewels has a market cap of Rs 137.75 crore. The company has reported positive numbers in its Quarterly Results and annual results. The shares of the company saw a spurt in volume by more than 3 times on BSE.

The stock gave multibagger returns of 147.73 per cent in just 6 months whereas BSE small-cap index is up 3.50 per cent. Year to date, the stock has surged by 170 per cent, and over the course of 1 year, it has soared by more than 290 per cent. Investors should keep an eye on this gems & jewellery stock.