Business

Jackpot: 1 lakh invested in the shares of this Gujarat company, became 2.24 crores in a single year!

Highlights:

  • Penny stock sold for Rs 4.25 proved to be a jackpot, a return of 28,723 percent
  • If one lakh rupees had been invested in it six months ago, today it would have increased to 67 lakh rupees.
  • The company has Kadi, Selvas and Santej plants in Gujarat.

Most experts advise investors to stay away from penny stocks. However, many people also trade penny stocks to the best of their ability, and sometimes there are unexpected gains. In most cases, no one makes long term investment in penny stocks, but if penny stocks from a good company work, it can prove to be a jackpot in the long run. One such stock is Gopala Polyplast, which has given incredible returns of 28723% in the last one year. Significantly, no cryptocurrency has achieved such a huge return in a year.

If we convert the 52-week returns in Gopala Polyplast into rupees, then we get to see many shocking figures. If an investor had invested Rs 1 lakh in a share of Rs 4.25 a year ago, its value would have increased to Rs 2.24 crore today.

What does the company do?

According to the information available on the company’s website, it was launched in 1984 in Kadi. It was listed on the stock exchange in 1994. The factory is also located in Santej. The fabric company has also started making bags in Silvassa since 2001. Its weaving capacity is 18200 MT per annum.

How stocks do in a year

Statistically speaking, the stock of Gopala Polyplast was trading at just Rs 4.25 a year ago today as on 23 October 2020. However, since then the stock has seen a steady rise. The stock which was initially slow, but running like a local car, this stock started flying at rocket speed from 1 July 2021. On July 1, it was priced at Rs 47.

The stock had touched Rs 270 on September 1. However, there has been no decline since then. Gopala Polyplast, which has been growing continuously since then, reached its all-time high of Rs 1,225 on October 18. Then it was the reverse. Just as the Sensex showed improvement after crossing the historical level of 62 thousand, similarly this stock has also seen a correction after its highest level. Gopala Polyplast was at Rs 998.45 when the market closed on October 22.

Smallcap stocks have lost 18.50 per cent in the last one week. In the last five trading sessions, the stock has only had a circuit of sellers. That is, he had no buyer. But September saw a sharp increase of 86 per cent.

Looking at the flight in the stock in the last one year, it can be said that if an investor had invested Rs 1 lakh in it in early 2021, then the value of this Rs 1 lakh would now be Rs 1.21 crore. . Let alone one year, if I had invested 1 lakh in it a month ago, it would have become 1.86 lakh. Even in six months, this share would have paid Rs 67.67 lakh for 1 lakh.

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