Stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on February 09
Today, shares of the company saw a spurt in volume by more than 1.67 times on BSE.
One of the Top Gainers on BSE today, shares of GCM Commodity & Derivatives Ltd surged 20 per cent upper circuit to Rs 6.72 per share from its previous closing of Rs 5.60. The stock is near to its 52-week high value of Rs 6.94 per share.
Talking about the financial, this Small-Cap firm has a market cap of Rs 5 crore. The company reported positive results in both quarterly (Q2) and annual (FY22) financial statements. In Q2FY23, the net profit record was Rs 0.57 crore compared to a net loss of Rs 0.22 in Q2FY22. In FY22, net sales rose to 160 per cent compared to FY21.
Incorporated in 2005, GCM Commodity & Derivatives Ltd is in the business of Finance and Investments. Today, shares of the company saw a spurt in volume by more than 1.67 times on BSE.
The shareholding pattern of the firm is as follows- Promoters holding a maximum of the stake which is 52.74 per cent and rest of the stake is owned by common public which is 47.26 per cent as of September 2022.
In October 2022, the BSE revised the daily circuit limit of 479 stocks out of which GCM Commodity & Derivatives Ltd was one of them (changed from 10 per cent to 20 per cent as the daily limit). Over the last 6 months, the stock gave returns of 94.78 per cent. Investors should keep an eye on this penny stock.