Multibagger stock below Rs 60: Investors should keep an eye on this smallcap stock!

The stock gave multibagger returns of 161.22 per cent in just 1 month and in 6 months it gave returns of 229.54 per cent.

Today, shares of Asia Pack Ltd surged 5 per cent and reached an upper price band of Rs 59.15 per share on BSE. Also, the stock traded at a new 52-week high of Rs 59.15. At 3:30 pm the shares of the company ended the day lower, down 4.97 per cent to Rs 53.55 per share due to market weakening.  

In quarterly and annual financial statements, the corporation presented excellent figures. In comparison to Q2FY22, when the net profit was Rs 0.04 crore, it increased to Rs 0.09 crore or 125 per cent in Q2FY23. The stock price CAGR is 189 per cent in just 1 year. All of this points to excellent managerial performance and hence it witnessed some fresh buying today.  

Asia Pack Limited has a market cap of Rs 14.86 crore. It is engaged in the business of trading paper and paper products, providing advisory & consultancy services & real estate business. Today, shares of the company saw a spurt in volume by more than 1.63 times on BSE.   

In recent trading sessions, the stock had hit back-to-back upper circuits and 52-week highs. The stock gave multibagger returns of 161.22 per cent in just 1 month and in 6 months it gave returns of 229.54 per cent. Investors should keep an eye on this multibagger stock.