Multibagger stock below Rs 1: Shares of this small-cap zoomed over 13 per cent on May 11
The stock has a 52-week high of Rs 1.84 per share and a 52-week low of Rs 0.64.
On Thursday, BSE Sensex Index closed on a negative note, down 35.68 points or 0.06 per cent at 61,904.52 and Nifty-50 Index also closed on a negative note, down 18.10 points or 0.099 per cent at 18,297. Considering broader markets, BSE Small-Cap Index surged 0.68 per cent to a level of 29,641.57.
One of the Top Gainers on BSE today, shares of GTL Infrastructure Ltd surged 13.58 per cent to an intraday high of Rs 0.92 per share from its previous closing of Rs 0.81. The stock has a 52-week high of Rs 1.84 per share and a 52-week low of Rs 0.64.
Talking about the financials, GTL Infrastructure Ltd has a market cap of Rs 1,127.73 crore with a ROE of 57.61 per cent. In Q4FY23, the company did net sales of Rs 393 crore, up 6 per cent compared to net sales of Rs 372 crore in Q4FY22. In FY23, it reported net sales of Rs 1,485.33 crore against net sales of 1,476.80 crore in FY22, up 0.58 per cent.
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Incorporated in 2004, GTL Infrastructure is in the business of providing shared passive telecom infrastructure in India. Today, shares of the company saw a spurt in volume by 7 times on BSE.
The stock gave multibagger returns of 162.85 per cent in just 3 years whereas BSE Small-cap Index is up by only 80 per cent.
Investors should keep an eye on this telecom stock for upcoming trading sessions.