10,000 per cent returns in this multibagger penny stock under Rs 30: This micro-cap company reports a 6,700 per cent jump in net profit

The stock gave multibagger returns of 150 per cent from its 52-week low of Rs 11.18 per share; 4,520 per cent in 3 years and a whopping 10,000 per cent in a decade.

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. The company has a market cap of Rs 154 crore.

Quarterly Results: The net sales increased by 22,901 per cent to Rs 376.30 and net profit increased by 6,771 per cent to Rs 50.30 crore in Q4FY24 compared to Q4FY23.

Annual Results: The net sales increased by 22,954 per cent to Rs 555.37 crore and net profit increased by 5,000 per cent to Rs 70.84 crore in FY24 compared to FY23.

Gujarat Toolroom Limited (GTL) is making a major push into renewable energy with a new Hybrid Power Plant project in Gujarat. The project, estimated to cost between Rs 5.72 and 6.5 billion and take 3-5 years to complete, will involve acquiring 65 acres of land. Here, 60 acres will be covered in solar panels, each generating 1 Megawatt of clean energy per hour, while the remaining space will house transformers and power lines. Additionally, 15 on-shore wind turbines, each producing 2.5 Megawatts per hour, will be strategically placed across the site. Once operational, the Hybrid Power Plant is expected to contribute a substantial 97.5 Megawatts of clean electricity to the grid, furthering GTL's commitment to sustainability and providing reliable power to an estimated 70,000-73,000 households.

Also Read: FIIs bought 6 per cent stake in FY24: Heavy buying in this multibagger penny stock at Rs 61.42; Spurt in volume by more than 5 times on BSE

Today, shares of Gujarat Toolroom Ltd zoomed 5 per cent lower circuit to Rs 27.72 per share from its previous closing of Rs 29.17. The stock’s 52-week high of Rs 62.97 per share and its 52-week low is Rs 11.18 per share.

As of March 2023, the FIIs own 0.28 per cent stake while the rest 99.72 per cent stake is owned by the public shareholders. The stock gave multibagger returns of 150 per cent from its 52-week low of Rs 11.18 per share; 4,520 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.