Multibagger Penny Stock Under Rs 20 in Focus as Company Has Been Granted Highest Quality Certificate in Floor Springs by BIS
The stock gave multibagger returns of 2,174 per cent in 5 years and a whopping 4,800 per cent since its listing in 2018.
On Tuesday, shares of this Small-Cap company gained 0.71 per cent to Rs 15.69 per share from its previous closing of Rs 15.58 per share. The stock's 52-week high is Rs 34.27 per share and its 52-week low is Rs 15 per share.
The buzzing stock name is HARDWYN INDIA LTD.
Hardwyn India Ltd, a leading manufacturer and trader of architectural hardware, kitchen hardware, and glass fittings, has been awarded the prestigious IS 6315:1992 certification by the Bureau of Indian Standards (BIS). This certification, India's highest quality standard, recognizes Hardwyn's commitment to excellence in the production of floor springs. The company prides itself on offering comprehensive solutions for both residential and commercial buildings, driven by a customer-centric approach and a dedication to world-class quality.
This significant achievement places Hardwyn India Ltd. among an elite group of only three companies in all of India currently holding this certification for floor springs. The IS 6315:1992 certification underscores Hardwyn's dedication to maintaining the highest quality standards in its products. This recognition further strengthens Hardwyn's position in the rapidly growing Indian market and supports its strategic growth plans to expand its global presence.
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With a rich heritage spanning 57 years, Hardwyn India Ltd has become synonymous with innovation, quality, and reliability in the architectural hardware industry. The company's global presence reflects its commitment to building a robust international supply chain and a dependable distribution network. Hardwyn prides itself on its extensive network of dealers and distributors, ensuring consistent and dedicated customer support. A core value at Hardwyn is environmental sustainability, demonstrated by its strict adherence to green manufacturing practices. This commitment to both social and environmental well-being is integral to the company's vision. Hardwyn continues to play a significant role in India's development, reinforcing its position as a leader in the field.
According to the company's shareholding pattern available on the Bombay Stock Exchange (BSE), the President of India's investment portfolio recently witnessed a new addition. In December 2024, a 0.46 per cent stake (comprising 22,68,924 shares) in the company was acquired. The existing shareholding structure includes 43.77 per cent by promoters, 0.07 per cent by Foreign Institutional Investors (FIIs), 0.46 per cent by the Government and 55.70 per cent by the public.
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 758 crore. The stock gave multibagger returns of 2,174 per cent in 5 years and a whopping 4,800 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.