Multibagger stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on February 02
The stock gave multibagger returns of 320 per cent in just 6 months whereas BSE Small-cap Index is up by only 1.90 per cent.Â
On Wednesday, the BSE Sensex index closed on a positive note, up 224.16 points or 0.38 per cent at 59,932.24 and the Nifty-50 index also closed flat, down 5.90 points or 0.033 per cent at 17,610.40.
One of the Top Gainers on BSE today, shares of Vintron Informatics Ltd surged 5 per cent upper cent to Rs 5.64 per share from its previous closing of Rs 5.20.
Vintron Informatics Ltd was established in 1991. The company produces electronic goods and provides related job work services. In addition, the company is a pioneer in the manufacture of electronic security and surveillance products in India.
In terms of finances, Vintron Informatics Ltd has a market cap of Rs 42.78 crore. In Q2FY23, net sales rose by 17.23 per cent and net profit skyrocketed 321.95 per cent compared to Q2FY22. In FY21, where the net sales were only Rs 12.39 crore, it rose significantly to Rs 17.10 crore or 38.02 per cent.
The stock is near its 52-week high of Rs 6.18 and has a 52-week low of Rs 1.05. The stock gave multibagger returns of 320 per cent in just 6 months whereas BSE Small-Cap Index is up by only 1.90 per cent.
Investors should keep an eye on this penny stock.