Multibagger Update: This stock from packaging industry made a fresh 52-week high on July 21

A year ago, the shares of GKP Printing & Packaging Ltd were trading for Rs 29 each.

A year ago, the shares of GKP Printing & Packaging Ltd were trading for Rs 29 each. The company achieved its 52-week high of Rs 227.70 during Thursday's early trading session, delivering investors a multibagger return of more than 684 per cent in a year.

At 3.30 pm on Thursday, the stock inched higher by 1.02 per cent and was seen trading at Rs 227.65. Besides, the stock has soared almost 5 per cent in the last five days.  

Over the course of one month, the stock jumped over 26 per cent. It has increased by more than 57 per cent on a YTD basis, so far this year. In July 2021, the stock was trading close to its 52-week low at Rs 29 per share.  

  It was due to the recent announcement made by the board of the company that it will meet on August 1, 2022, to discuss and approve the issuance of bonus shares, along with the increase in the Company's authorised share capital.

GKP Printing & Packaging's shares are solely traded at this time on BSE. The business disclosed that its board of directors has considered submitting an application for the company's direct listing on NSE platform. One of the top packaging manufacturers around the globe, GKP Printing & Packaging caters to a range of industries, including garment exports, steel utensils, playing cards, liquor, toys, pharmaceuticals, printers, engineering, confectionery, and FMCG. Tata Consultancy Services, Naaptol, ShopCJ, SM Foods, Almats Branding Solutions, and Rediff.com are just a few of the well-known companies with which the business is associated.  On a standalone basis, the company reported a total income of Rs 53.60 crore, an increase of 83 per cent from Rs 29.47 crore that it had made a year earlier. The company's net profit was Rs 0.81 crore as opposed to Rs 0.78 crore in FY21.