Heavy Volume Spurt Alert: Multibagger Penny Stock Under Rs 20 Hit 5 Per Cent Upper Circuit on April 15; Do You Own It?

The stock gave multibagger returns of 2,405 per cent in 5 years and a whopping 3,445 per cent since its listing in 2018.

On Tuesday, shares of this Small-Cap company, hit a 5 per cent upper circuit to Rs 12.76 per share from its previous closing of Rs 12.16 per share. The stock's 52-week high is Rs 33.92 per share and its 52-week low is Rs 10.84 per share. The shares of the company saw a spurt in volume by more than 1.6 times on the BSE.

With a 57-year legacy, Hardwyn India Ltd stands as a symbol of innovation, quality, and reliability in architectural hardware. Its international presence reflects a meticulously crafted global supply chain and trusted distribution network. Hardwyn prides itself on unwavering customer support through its vast dealer and distributor network. Beyond products and services, Hardwyn is deeply invested in environmental sustainability and community welfare, adhering to stringent green manufacturing. This dedication underscores Hardwyn's vision, even as it contributes significantly to national development and solidifies its industry leadership.

According to Quarterly Results, the net sales increased by 16.3 per cent to Rs 49.39 crore and net profit decreased by 7.2 per cent to Rs 4 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 29 per cent to Rs 138.97 crore and net profit increased by 36 per cent to Rs 9.38 crore in 9MFY25 compared to 9MFY24.

As per the Bombay Stock Exchange (BSE) shareholding data, a notable addition to the President of India's investment portfolio occurred in December 2024 with the acquisition of a 0.46 per cent stake (22,68,924 shares) in Hardwyn India Ltd. The 43.77 per cent stake is held by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs) and 55.70 per cent by the public. Additionally, Hardwyn India's recent achievements IS 6315:1992 certification for their floor springs and their strategic entry into the Bhutanese market through an Rs 5 crore MoU with The Gyalsung Infra for product supply over two years, highlighting their commitment to quality, expansion, and global aspirations.

On December 27, 2024, the shares of the company ex-traded bonus shares in the ratio of 2:5 i.e., investors received 2 bonus shares for every 5 shares. The company boasts a market capitalization of Rs 623 crore. The stock gave multibagger returns of 2,405 per cent in 5 years and a whopping 3,445 per cent since its listing in 2018. Investors should keep an eye on this small-cap stock.

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