Stock below Rs 25: Keep an eye on this stock, which was locked in the upper circuit on January 05

In just 6 months the stock has gained 45.65 per cent whereas BSE Smallcap Index gained only 14.88 per cent.

One of the Top Gainers on the BSE today, shares of 3P Land Holdings Ltd surged and reached an upper price band of Rs 21 per share, after being locked in the 20 per cent upper circuit. Today, shares of the company saw a spurt in volume by more than 49.96 times on BSE. 

In quarterly and annual financial statements, the corporation presented excellent figures. According to the annual consolidated financial statement, net sales increased by 52.59 per cent in FY22 over FY21 and net profit increased by 99.06 per cent in FY22 over FY21. The stock PE multiple is 21.50 whereas the industry PE multiple is 66.44. All of this, therefore, indicates great managerial performance and it witnessed some fresh buying today.   

3P Land Holdings Ltd was incorporated in 1965 and has a market cap of Rs 37.80 crore. The business is engaged into manufactures and selling a variety of papers, such as crepe, hygiene and carbon tissue, as well as poster, craft and wrapping paper for food, flowers and fruits. 

As of September 2022, the promoters own 73.30 per cent of the company and the public owns the remaining 26.70 per cent. In just 6 months the stock has gained 45.65 per cent whereas BSE Smallcap Index gained only 14.88 per cent. Investors should keep an eye on this stock.