Multibagger penny stock under Rs 50: Subsidiary of this micro-cap company flashes exceptional performance and reported net profit of Rs 27,86,63,309 - do you own this stock?

The stock gave multibagger returns of 351.16 per cent in just 1 year, 7,000 per cent in 3 years.

On March 21, 2024, Gujarat Toolroom Ltd announced that its subsidiary, GTL Gems DMCC, has exceeded expectations by achieving exceptional results within three months from December 1st to March 1st. Despite challenging market conditions, GTL Gems DMCC has demonstrated outstanding performance, reporting a turnover of USD 24,464,521 (Rs 202,81,17,353) and a net profit of USD 3,361,425 (Rs 27,86,63,309).

These impressive figures were solely attained by GTL Gems DMCC, underscoring the subsidiary's strong capabilities and strategic execution. The profit margin of 13.74 per cent was achieved by GTL Gems DMCC in impressive

The success of GTL Gems DMCC can be attributed to its focus on the diamond, gemstone, and gold markets, where it has capitalized on growing demand, emerging opportunities, and in-house supply from the Zambia Mines.

Gujarat Toolroom Ltd. manufactures syringe moulding and manufacturing of moulds. The Company specializes in moulds for medical disposables, pharmaceutical, food, and beverage packaging, caps, and closures, and writing instruments.

Today, shares of Gujarat Toolroom Ltd locked into the 5 per cent lower circuit to Rs 44.89 per share from its previous closing of Rs 47.25. The stock’s 52-week high of Rs 62.97 per share and its 52-week low is Rs 8.92 per share. In the recent trading sessions, the stock has been hitting back-to-back lower circuits.

The stock gave multibagger returns of 351.16 per cent in just 1 year, 7,000 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.