Penny Stock Under Rs 5: DIIs Own 43.25 per cent Stake, Stock Hits Upper Circuit Consecutively for 12 Days, Gains 140 per cent in 1 Month!

LIC Backed Multibagger Construction Stock has delivered an impressive multibagger returns of 140 per cent in just 1 month.

Incorporated in 2004, this company specializes in providing passive telecom infrastructure sharing and energy management solutions. The company operates in the Shared Passive Telecom Infrastructure sector in India, deploying, owning, and managing telecom towers and communication structures used by multiple Wireless Telecom Operators. GTLIL manages a portfolio of approximately 26,000 towers spread across all 22 Telecom Circles in India, engaging in long-term contracts ranging from 5 to 15 years with Wireless Telecom Operators.

At the start of Tuesday's trading session, the GTL Infrastructure Ltd stock opened at Rs 3.60 per share, compared to Monday's closing figure of Rs 3.43 per share on the BSE. The stock has reached the upper circuit price limit of 5 per share, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. Finally, the stock closed at Rs 3.60 per share on the BSE. The company's current market capitalization stands at Rs 4610.62 crore, and the stock has generated a multibagger return of around 140 per share in just 1 month only.

As per Quarterly Results in Q4 FY24, GTL Infrastructure Ltd reported a quarterly revenue from operation of Rs 331 crore while the net loss of the company stood at Rs 215 crore in Q4 FY24 compared to a net loss of Rs 195 crore. Turning attention to the annual performance of the company, GTL Infrastructure Ltd reported a revenue of Rs 1372 crore while the company’s net loss stood at Rs 681 crore in FY24 compared to a loss of Rs 1817 crore.

Investors must keep this Small-Cap stock on their radar.

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