DSIJ Mindshare

Multibagger penny stock under Rs 15: This micro-cap company reports a 145 per cent jump in net profit!

The stock gave multibagger returns of 2,925 per cent in just 2 years whereas BSE Sensex Index is up by 21 per cent.

Kiran Shroff 1 16588 Article rating: 4.0

According to the quarterly results, the net sales increased by 154.38 per cent to Rs 18.01 crore in Q4FY23 compared to net sales of Rs 7.08 crore in Q4FY22. In FY23, net sales increased by 173.60 per cent to Rs 42.48 crore and net profit skyrocketed by 145.03 per cent to Rs 0.22 crore compared to FY22. The EPS for FY23 stood at Rs 0.21.

Watch out for these penny stocks locked in the upper circuit on March 27

The S&P BSE Mid-Cap index, on the contrary is trading in negative with a loss of 73 points at 23,560 points.

Kaustubh Bhosale 0 1763 Article rating: 3.6

The NSE index NIFTY50 following the Sensex rose by 63 points, to 17,008 levels while, the Bank Nifty is currently trading at a level of 39,439, up by mere 44 points.

Watch out for these penny stocks locked in the upper circuit on March 23

The US treasury secretary's announcement that not all banking deposits would be insured contributed to the market's downward trend.

Kaustubh Bhosale 0 1207 Article rating: 3.9

On Thursday, Indian stocks experienced a decline, driven by IT stocks, in response to the Federal Reserve's continued efforts to combat inflation, despite signalling a potential pause in interest rate hikes.

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