Rs 700,00,00,000 revenue potential: Multibagger penny stock under Rs 55 hit upper circuit as the company announces strategic acquisition of mines in Zambia!
The stock gave multibagger returns of 300 per cent in just 1 year, 5,435 per cent in 3 years and a whopping 10,000 per cent in a decade.
Gujarat Toolroom Ltd (GTL) announced a major milestone in the company’s journey! The company have secured 6 hectares of mineral-rich land in Zambia, marking a significant step towards sustainable growth and diversification.
These mines boast a treasure trove of resources, including copper, cobalt, gold, nickel, and several other valuable commodities. Strategically located and abundant in potential, they position GTL for exceptional strides in the mining sector.
With cutting-edge Japanese technology deployed across each hectare, GTL estimates each area to generate an annual revenue of USD 15-20 million. This translates to a projected minimum annual revenue of Rs 700 crore for the entire 6 hectares, expected to begin operations within the next quarter.
This strategic acquisition aligns perfectly with GTL's commitment to:
- Diversifying its business portfolio: Expanding beyond traditional areas and tapping into lucrative new markets.
- Contributing to regional development: Bringing economic prosperity and employment opportunities to the areas where we operate.
- Leveraging the mining sector's potential: Building on the industry's resilience and high-return possibilities.
GTL's vision extends beyond Zambia. The company plan to expand our mining footprint to other South African countries, solidifying GTL as a major player in the industry while actively promoting economic growth and job creation. The company believe this move will not only boost shareholder value but also solidify GTL's position as a leading force in the mining industry.
Gujarat Toolroom Ltd manufactures syringe moulding and manufacturing of moulds. The company specializes in moulds for medical disposables, pharmaceuticals, food, and beverage packaging, caps, and closures, and writing instruments.
Quarterly Results: The net sales increased by 7,83,408 times to Rs 15,668.16 lakh in Q2FY24 compared to Q2FY23. The company reported a net profit of Rs 240.28 lakh in Q2FY24 compared to a net loss of Rs 3 lakh in Q2FY23.
Half-yearly Results: The net sales increased by 2,17,625 times to Rs 15,777.84 lakh and net profit increased by 29,329 per cent to Rs 317.9 lakh in H1FY24 compared to H1FY23.
Today, shares of Gujarat Toolroom Ltd zoomed 5 per cent upper circuit to Rs 54.22 per share from its previous closing of Rs 51.64. The stock’s 52-week high of Rs 60.32 per share and its 52-week low is Rs 8.58 per share. In the recent trading sessions, the stock has been hitting back-to-back upper circuits and saw a spurt in volume by more than 9.31 times on BSE.
In the September quarter, promoters sold an additional 2,84,000 shares and decreased their stakes to 0.37 per cent. The shares of the company have an ROE of 43 per cent and a ROCE of 43.7 per cent. The stock gave multibagger returns of 300 per cent in just 1 year, 5,435 per cent in 3 years and a whopping 10,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.
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