Only Buyers: This penny stock skyrocketed over 140 per cent in just 10 trading sessions, defying market weakness!
On an intraday basis on Friday, shares rallied and locked at a 5 per cent upper circuit at Rs 9.04 per share on the BSE, setting a new 52-week high.
Despite the strength in global indices, Indian domestic indices opened the session lower. The indices continued to tumble, weighed down by massive losses in a number of sectors. With losses of more than 6 per cent each, BSE Utilities, BSE Power, BSE Oil & Gas and BSE Energy took the brunt of the damage. Only the auto and healthcare sectors attempted to offset losses and uplift indices.
With 738 shares rising on the BSE and 2,672 shares declining, the advance-decline ratio strongly remained in favour of declines. GCM Capital Advisors Ltd, a Small-Cap stock, shocked investors with its unending upward trend in such a weak session.
On an intraday basis on Friday, shares of GCM Capital Advisors Ltd rallied and locked at a 5 per cent upper circuit at Rs 9.04 per share on the BSE, setting a new 52-week high.
The stock has soared over 140 per cent in the last 10 trading sessions and reached new highs in back-to-back sessions! Additionally, it maintained a strong rally and rewarded its shareholders with exceptional returns of over 100 per cent in last six months, doubling the investors' wealth!
GCM Capital Advisors Ltd is a diversified financial services company that focuses on offering financial advisory and consultancy services, as well as engaging in treasury operations by offering funding solutions to clients in the form of debt & equity and investment activities.
Keep a close eye on this scrip for the upcoming sessions!