Multibagger stock under Rs 10: This micro-cap is into expansion of business!
The stock gave multibagger returns of 370.91 per cent from its 52-week low of Rs 1.65 per share.
On Wednesday, shares of Gradiente Infotainment Ltd zoomed 5 per cent upper circuit to Rs 7.77 per share from its previous closing of Rs 7.40.
In the recent trading session, the stock hit back-to-back upper circuits because the company is into expansion of business by acquiring the rights of a play to make a pan India film under its banner Gradiente Infotainment Limited.
Gradiente’spoised to exploit the exponential opportunities offered by OTT platform. Gradiente expects to garner a market share of 2 per cent of the total Indian Market with an outlay of INR 50 billion (Rs. 5,000 crore) in the next 2 years.
Gradiente is listed & actively traded on the Bombay Stock Exchange (BSE). Gradiente’s mantra now is action, action, action and it strides to achieve its niche in different verticals, namely:
- OTT Platform
- YouTube MCN Network
- Business Channel
- News Channel
- Entertainment
- Digital Marketing & Advertising
- IT & ITES
The company has bagged a GIS Project from VISICOM, an International Joint Stock company headquartered in Ukraine, for their US operations. This effort is part of Gradiente’s IT Division expansion and diversification plan with project outlays of Rs 10 crore in the IT & ITES business.
Gradiente Infotainment Ltd is in the business of advertisement, print media, electronic media and TV serial production.
The company reported positive numbers in its Quarterly Results and annual results. The promoters have increased their stake in Q4.
The stock gave multibagger returns of 370.91 per cent from its 52-week low of Rs 1.65 per share. Investors should keep an eye on this micro-cap stock.