Only Buyers: This multibagger penny stock has enjoyed a significant rally, with shares climbing more than 33 per cent in the last five trading sessions!
Shares have delivered multibagger returns of more than 150 per cent over the last year!
The Indian headline indices started the session higher, boosted by robust gains across multiple sectors. BSE Capital Goods was the best performing sector, gaining over 2 per cent, driven by a strong uptrend in Elgi Equipments Ltd, while Larsen & Toubro was also among the top sectoral gainers. The advance-decline ratio strongly remained in favour of advances, while several Small-Cap stocks drew attention with their strong uptrends.
Zenith Steel Pipes & Industries Ltd, a small-cap multibagger stock, was among the trending stocks of the session, leading the penny stock gainers. On an intraday basis on Wednesday, shares of Zenith Steel Pipes & Industries Ltd surged and locked at a 20 per cent upper circuit at Rs 4.80 per share on the NSE.
Shares have been falling for a long time and have dropped more than 15 per cent in the last six months. However, they have recently experienced a rally, soaring over 33 per cent in just 5 trading sessions while delivering multibagger returns of more than 150 per cent over the last year!
The company is a pioneer in the manufacturing of ERW and hot dip galvanized pipes in India and one of the largest suppliers of ERW black and galvanized pipes to the US market from India.
Keep a close eye on this scrip for the upcoming sessions!