Multibagger penny stock below Rs 10: Micro-cap marvel achieves back-to-back 30 upper circuit triumphs!
The stock gave multibagger returns of 125. 41 per cent in just 1 month and over 300 per cent in 6 months.
On Wednesday, the benchmark indices were trading higher. BSE Sensex Index and NSE Nifty-50 Index are up by 0.29 per cent and 0.27 per cent respectively. The BSE Mid-Cap index edged up by 0.34 per cent, while the BSE Small-Cap Index surged by 0.33 per cent.
Today, one of the Top Gainers on BSE, shares of Vivanta Industries Ltd surged 5 per cent upper circuit to Rs 8.25 per share from its previous closing of Rs 7.86. The stock gave multibagger returns of 125.41 per cent in just 1 month and over 300 per cent in 6 months.
DSIJ offers a product 'Tiny Treasure' with recommendations for small-cap & micro-cap stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the product details pdf here
Vivanta Industries Limited (VIL) provides engineering services. The company offers land survey and procurement, project designing, fiscal studies, funding and marketing services. Recently, the company has bagged multiple orders worth Rs 50 crore.
Talking about the financials, this civil construction company has a market cap of Rs 68 crore. The company reported excellent numbers in its Quarterly Results and annual results. The net sales skyrocketed by 1,807 per cent and net profit skyrocketed by 767 per cent in FY23 over FY22.
The stock has a PE of 19.33x and an ROE of 13.24 per cent. Investors should keep this micro-cap stock under the radar.