Gujarat based company has delivered multibagger returns of 1,218.79 per cent in the last three years

One stock gaining attention is a penny stock priced at Rs 6, which has come into focus following the announcement of its financial results.

This penny stock should be on your radar for Monday as it hit the upper circuit on Friday, coupled with an important development where Shri Nitin Gadkari praised its efforts.

The stock is up by 26 per cent from its 52-week low of Rs 6.52 per share and gave multibagger returns of over 500 per cent in 3 years.

What transpired was nothing short of momentous: the company found itself at the receiving end of a work order, a behemoth in scale compared to its humble market valuation, amounting to a staggering Rs 8,00,00,000.

The broader market sentiment leans towards a positive trajectory, with approximately 811 advancing stocks against 1227 declining ones, underscoring an optimistic trend in the overall market landscape.

In Tuesday's trading session, the benchmark indices closed on a positive note, with the Sensex and Nifty recording gains of 0.42 per cent and 0.45 per cent, respectively.

Total trade volume for the day stood around 3.81 crore on NSE, which is the highest single-day volume since October last year. Furthermore, the volume for the day was above the 10 and 30-days average volume. 

They remain committed to upholding the highest standards of quality, professionalism and integrity throughout the duration of the contract. 

In just 1 year, the stock gave multibagger returns of 373.13 per cent whereas BSE FMCG Index only rose 23.69 per cent.

In the past 2 years, the stock gave multibagger returns of 242.27 per cent whereas BSE Sensex rose by 19.85 per cent.

Today, shares of the company saw a spurt in volume by more than 2.38 times on BSE.  

The company recently declared December quarter (Q3) results wherein net profit skyrocketed 366.67 per cent compared to the same quarter last year.

The net profit skyrocketed 544.78 per cent in FY22 compared to FY21. 

The stock had seen back-to-back spurts in volume in recent trading sessions. 

In just 1 month, the stock gave multibagger returns of 203.51 per cent, while the BSE Small-Cap Index fell 3.21 per cent.

The stock is up by 333.33 per cent year to date, while BSE Sensex has only increased by 3.14 per cent year to date. Investors must keep an eye on this multibagger penny stock.

On Wednesday, the benchmark indices closed higher with Sensex up around 0.23 per cent at 62,667.91, and BSE Consumer Discretionary also closed higher, up by 0.55 per cent at 5,932.85.

The stock has increased by 54.72 per cent year to date, although the BSE Sensex has only increased by 5.66 per cent. Investors must keep this stock on their watch list.

Today, the stock of this company was locked at 20 per cent at Rs 5.88.

The FIIs purchased shares worth Rs 369 crore during the most recent trading session, while DIIs sold shares worth Rs 295 crore.

Penny stock, which is one of the pioneers in the field of renewable energy, is likely to announce bonus shares!  

The company has shown stellar growth on account of surging payment transactional volume due to the return of high demand and increased economic activities.

Interestingly, the book value of the company is Rs 17 and currently, it is quoting below its book value as the current market price stands at Rs 10.90.

It was seen roaring like a lion post witnessing a parabolic rise from Rs 7.75 to the level of Rs 72. The stock has hit multiple upper circuits on the way up. It zoomed over 800 per cent in just a span of 47 trading sessions.