This multibagger penny stock has given over 150 per cent return in one year, hit a 52-week high
The share saw a spurt in Volume by more than 6.34 times.
Swiss Military Consumer Goods Ltd, a well-known, Small-Cap consumer product company, surged over 10 per cent today compared to the previous day's closing price of Rs 28.43. The share price opened at Rs 26.90 and touched intraday highs and lows of Rs 32.29 and Rs 25.10, respectively. The share saw a spurt in Volume by more than 6.34 times.
This sharp increase follows a strong performance in the company's latest Quarterly Results, which unveiled robust growth in both sales and profits. Investor confidence in SMCG's ability to deliver consistent performance appears to be the primary catalyst behind the stock's upward trajectory.
The market's positive response to the company's financial results underscores the potential for further growth and value creation. As investors digest the implications of the quarterly report, SMCG's stock price is likely to remain in focus in the coming trading sessions.
UNINET Strategic Advisory Ltd sold 1,130,000 shares of Swiss Military Consumer Goods Ltd on August 7, 2024, at Rs. 32.20 per share, it would indicate a large-scale divestment rather than an expression of investor interest. A bulk sale of this magnitude might influence the stock price negatively, as it represents a significant selling pressure.
Swiss Military Consumer Goods Limited, formerly known as Network Limited, was incorporated in 1989 and renamed as Swiss Military Consumer Goods Limited in September 2020. The company has a growing network of dealers and touch points across India, aiming to capitalize on long-term growth opportunities in the country. The company primarily trades and markets lifestyle products, including travel gear, home appliances, and men's innerwear and loungewear under the brand "Swiss Military".
The company focuses on innovation and affordability, offering premium, affordable products under the internationally renowned "Swiss Military" brand. The company also offers innovative solutions for luggage and travel gear, catering to the evolving needs of Indian travelers.
Disclaimer: The article is for informational purposes only and not an investment advice.