Promoter bought 11,63,016 shares of this multibagger penny stock below Rs 15; Scrip hits 20 per cent upper circuit & 52-week high!

The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 600 per cent in 3 years.

Today, one of the Top Gainers on BSE, shares of Odyssey Corporation Ltd surged and reached an upper price band of Rs 13.44 per share, after being locked in the 20 per cent upper circuit from its previous closing of Rs 11.20 per share. The stock also made a fresh new 52-week high of Rs 13.44 while its 52-week low is Rs 5.15. The shares of the company saw a spurt in volume by more than 8.10 times on BSE.

Odyssey Corporation Ltd, founded in 1995, is a public company listed on the Bombay Stock Exchange that has transitioned from corporate finance and advisory services to a multifaceted business including development, global sourcing and distribution, event production, film rights sales, and various trading activities. The company has a market cap of Rs 53 crore.

In FY24, the promoter group of the company - Alacrity Securities Ltd bought 7,91,932 shares and increased total promoter holding to 45.56 per cent in March 2024 compared to 43.55 per cent in December 2023.

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The promoter group bought 96,084 shares in April 2024 and another 2,75,000 shares recently in June 2024 via the open market. Therefore, the promoter group in all bought 11,63,016 shares from March 2023 to June 2024.

According to Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers. The stock gave multibagger returns of 115 per cent in just 1 year and a whopping 600 per cent in 3 years. This penny stock should be kept under the radar for upcoming trading sessions.

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