Penny stock at Rs 21.07 hit upper circuit & 52-week high; Company reports 1,988 per cent jump in PAT
The stock is up by 40.47 per cent from its 52-week low of Rs 15 per share.
GD Trading & Agencies Ltd is a long-standing Indian company founded in 1980, specializing in real estate and brokerage services. The company buys, sells, and leases properties while also acting as agents and brokers for various clients. With a focus on customer satisfaction, GD Trading & Agencies has established itself as a key player in the Indian real estate market.
On July 10, 2024, a mere 1 share of the stock traded on the BSE exchange, hitting a 52-week high and closing at Rs 21.07, which represented a 5 per cent upper circuit from its previous closing price of Rs 20.07. This surge marked the stock's peak value for the year, contrasting with its 52-week low of Rs 15.
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According to Quarterly Results, the net sales increased by 1,245 per cent to Rs 5.11 crore, the operating profit increased by 1,988 per cent to Rs 1.68 crore and the net profit increased by 1,988 per cent to Rs 1.68 crore in Q1FY25 compared to Q4FY24. In its annual results, the company reported net sales of Rs 0.38 crore, operating loss of Rs 0.02 crore and net loss of Rs 0.02 crore in FY24.
The company has a market cap of Rs 0.21 crore and as of June 2024, the promoters own 1.28 per cent stake and the rest 98.72 per cent stake is owned by the public shareholders. The stock is up by 40.47 per cent from its 52-week low of Rs 15 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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