PENNY STOCK UNDER RS 15: COMPANY UNDER MARKET CAP RS 200 CR SECURES RS 150 CR ORDER

Penny Stock Under Rs 15: A nanocap company, which has its market cap under Rs 200 crore, has secured an order worth Rs 150 crore, it informed the exchanges on Wednesday, July 24. The shares of this nanocap company currently trades under Rs 15. Soon after the company informed the exchanges about this order, the penny stock surged 5 per cent to hit the upper circuit.

The company under discussion is Gujarat Toolroom Ltd. Established in 1992 in technical collaboration with Schober AG Switzerland, the company is involved in manufacturing of moulds. The company specialises in moulds for medical disposables, pharmaceutical, food, and beverage packaging, caps, and closures, and writing instruments.

Gujarat Toolroom Share Price Today

At 2:05 PM, Gujarat Toolroom's shares quoted at Rs 14.86 per share on the BSE, up 5 per cent against its previous closing price of Rs 14.16. About 5.55 lakh shares changed hands on the counter against its previous two week's average volume of 4.17 lakh.

At the current market price, the penny stock is trading above its key short-term moving averages viz. 10-day and 20-day EMAs.

Gujarat Toolroom secures Rs 150 crore order

Gujarat Toolroom informed the exchanges that it won an impex order worth Rs 150 crore.

"Gujarat Toolroom Limited is pleased to announce the acquisition of a significant impex order valued at ₹1.5 Billions (₹150 Crores). This order, which will be executed in the current quarter, is anticipated to yield an operating profit margin ranging between 5% and 10%," the company said in its filing.

"In addition to this substantial international order, the company is actively pursuing further domestic impex opportunities and expects additional orders in the coming weeks. This development underscores our ongoing commitment to expanding our market presence and enhancing shareholder value," the company further added.

Gujarat Toolroom Share Price History

As per BSE Analytics, shares of Gujarat Toolroom have delivered a negative return of 58.62 per cent so far in 2024. However, its one year return is 50.71 per cent.

Interestingly, the penny stock rallied a whopping 1239 per cent in the past two years, about 2151.5 per cent in the past three years, and over 3438 per cent in the past five years. Looking back further, in the past 10 years, it yielded a massive 11,330 per cent returns.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-07-24T09:29:38Z