Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; reports 131 per cent jump in net profit!!

The stock has gained more than 50 per cent in the last six months.

Shares of GG Automotive Gears Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 15 per cent. The stock has a 52-week high of Rs 63.47.  

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 22.50 crore which grew by 46.93 per cent YoY. The operating profit of the company stood at Rs 2.05 crore, while the PAT of the company stood at Rs 0.57 crore, representing an impressive growth of 131.45 per cent YoY.     

GG Automotive Gears Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 21.20 on June 16, 2022, to Rs 62.65 on June 15, 2023, an increase of about 190 per cent in the last one year holding period.     

G.G. Automotive Gears Ltd. is one of the leading companies in the country manufacturing Transmission and Differential Gears, with the most sophisticated indigenous technology accepted in developing and advanced countries. 

Today, the stock opened at Rs 62.65, with a high and low of Rs 62.65 and Rs 62.65. The stock has shown tremendous growth, and investors should keep a close eye on this stock.