Turnaround debt-free penny stock under Rs 10: Heavy buying, back-to-back upper circuit; multibagger returns of around 250 per cent in just 1 year!

The company’s shares have delivered impressive multibagger returns of over 220 per cent in just 6 months only.

This micro-cap company, incorporated in 1982, is engaged in equity research, content creation, and financial advisory services. The company conducts qualitative research for both domestic and global investor communities.

At the start of the day's trading session, the stock opened at Rs 7.43 per share, compared to the previous day's closing figure of Rs 7.29 per share on the BSE. The stock has reached the upper circuit price limit of 2 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. The company's CNI Research's current market capitalisation stands at Rs 85.30 crore, and the stock has generated a multibagger return of around 247 per share in the past 1 year only.

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As per Quarterly Results in Q4 FY24, the company reported a quarterly revenue from operation of Rs 2.78 crore compared to a revenue of Rs 0.93 crore, representing a growth of around 199 per cent on a YoY basis. The net profit of the company stood at Rs 0.27 crore in Q4 FY24 compared to a net loss of Rs 1.86 crore. Turning attention to the annual performance of the company, it reported a revenue of Rs 9.62 crore, compared to Rs 9.59 crore in FY23 representing a gain of 0.31 per cent YoY. Moreover, the company’s net profit stood at Rs 0.84 crore in FY24 compared to the net loss of Rs 0.86 crore representing a gain of 198 per cent YoY.

According to the shareholding pattern, the promoters of the company hold 37.11 per share while the remaining 62.88 per share is held by the public or retail investors.

Investors must keep this micro-cap stock on their radar.

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