65 lakhs became Rs 1 lakh in a year, this stock did amazing
[ad_1]
Multibagger Stock: The stock of Simplex Papers has given 6,406% return to its shareholders in the last one year. The penny stock, which was at Rs 0.80 on December 3, 2020, touched a 52-week high of Rs 52.05 on BSE on Friday. An amount of Rs 1 lakh invested in the stock of Simplex Papers a year ago would have become Rs 65.06 lakh today. In comparison, the Sensex has gained 29.82 per cent during this period. Microcap stock has gained 169.69% in the last 21 sessions.
Simplex Papers stock is higher than the moving averages of 5 Day, 20 Day, 50 Day, 100 Day and 200 Day. The market cap of the firm increased to Rs 15.62 crore. A total of 18,000 shares of the firm traded at Rs 9.30 lakh on the BSE on Friday. The stock had hit a 52-week low of Rs 0.84 on December 21, 2020. The stock has gained 157.04% in a month and has gained 5,814% since the beginning of this year.
However, the financial performance has not been in line with the spectacular growth in the firm’s stock. The firm has recorded zero sales since the quarter ended March 2017. Last time it had sales of Rs 0.08 crore in the quarter ended December 2016. The company is running in loss. It has been making losses since the quarter ended March 2017. It made profit only once during this period. For the quarter ended March 2021, the firm posted a profit of Rs 0.10 crore.
However, the stock of Simplex Papers has outperformed its peers in terms of market returns during the last one year. Simplex Papers Ltd. is engaged in manufacturing and trading of paper products. The company provides printing and writing paper.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
Read also:
Multibagger Stock Tips: This stock has increased by 289% this year, the brokerage firm also gave advice to buy, will you bet?
Multibagger Stock: Multibagger stock has become a millionaire, ₹ 886 has become a ₹ 8.86 stock, there is still a chance!
,
[ad_2]
