Stock split alert- This multibagger stock skyrocketed 580 per cent in less than 6 months. Do you own it?

From it’s listing in September 01, 2022, the company’s stock price has gone from Rs 15.95 to make a 52-week high of Rs 174.40 apiece, on December 27, 2022, surging more than 990 per cent in less than 4 months

On Tuesday, shares of Gujarat Toolroom zoomed more than 4.8 per cent to make an intraday high of Rs 109 apiece. The scrip witnessed a massive spurt in volume by more than 2.5 times and closed 3.22 per cent up at Rs 107.35 apiece. 

For the quarter ended december 31, 2022, total income stood at Rs 0.72 crore as against nil total income in december 31, 2021. The net profit of the company stood at Rs 0.64 crore as opposed to net loss of Rs 0.61 lakh in the corresponding quarter last year.

The company, informed the exchange, that it has fixed March 06, 2023 as a record date for the purpose of subdivision of equity shares from the face value of Rs. 10 each to the face value of Re 1 each.

Gujarat Toolroom is engaged in the business of molds for medical disposables, pharmaceutical, food & beverage packaging, caps & closures, writing instruments and articles of oral hygiene.

The company has witnessed heavy buying as it has given staggering multibagger returns of more than 580 per cent in less than 6  months. From it’s listing in September 01,  2022, the company’s stock price has gone from Rs 15.95 to make a 52-week high of Rs 174.40 apiece, on December 27, 2022, surging more than 990 per cent in less than 4  months. Since then, the stock has corrected from the upper levels and is currently trading at Rs 109 level.

Keep a close eye on this trending multibagger stock.