Bumper Return: In the stock market, you must have heard the names of big companies whose market cap is in lakhs of crores, but there are also many such small shares which give profit to the roof. How much income is earned from investing in such stocks and what should be kept in mind during investment, we are telling you…
Gopala Polyplast Stock, a company that manufactures woven sacks and woven fabrics for packaging, was counted as penny stock till a year ago. The stock of this company has given such bumper profits to the investors within a year that do not ask. The stock price of the company was Rs 4.51 on the Bombay Stock Exchange (BSE) on 29 October 2020, which has increased to Rs 772 on 29 October 2021. During this period, it has given a huge profit of 17,000 per cent to the investors.
The company’s stock had reached its record high of Rs 1,286.95 on the BSE on 19 October 2021. Its market cap is around Rs 790 crore. If an investor would have invested Rs 1 lakh in this stock a year ago, it would have increased to Rs 1.71 crore today.
It is clear that this penny stock has given multibagger returns to its investors. However, investors should keep in mind that penny stocks are volatile. In such a situation, only investors with high risk appetite should invest in such stocks.
keep these things in mind
The faster a penny stock rises, the faster it can fall.
The shares of Gopala Polyplast saw an upper circuit of 5 per cent during 11 trading sessions in the last one month, while it has also hit a lower circuit of 5 per cent 9 times. This company was established in 1984. The company manufactures woven bags and woven fabrics for packaging. They are used for packaging in industries like cereals, cement, chemicals, fertilizers, sugar.
How much stake does BoB hold?
The control of the company is mainly with the promoters. He holds 92.83 percent stake in the company. At the same time, only 7.17 percent stake is with the public shareholder. Bank of Baroda is the largest public shareholder of this company. The bank has 5.12 lakh shares i.e. 5 percent stake in the company. At the same time, Foreign Institutional Investors (FIIs) hold 0.23 per cent stake in the company.
How were the quarterly results?
Gopala Polyplast had a loss of about Rs 2 crore in the June 2021 quarter. At the same time, it had a loss of 1.46 crore in the same quarter of the last financial year. However, in the March 2021 quarter, the company reported a profit of Rs 17 crore. The company’s revenue increased in the June 2021 quarter. Despite this, the company could not turn profitable. The company earned 10.59 crores in the June quarter, which was zero due to the Kovid lockdown in the same quarter of the last financial year.
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.)
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