Month: January 2024

Ashnisha Industries Multibagger penny stock with 950% return in only 24 months

Submitted by Shyam Sundar on January 14th, 2024

About Ashnisha Industries

Ashnisha Industries is engaged in the manufacturing and trading of steel and steel alloy products. The company had last year forayed into renewable energy. The company has a market capitalisation of Rs 113.02 crore as on January 14 2024.

Ashnisha Industries has been a multibagger penny stock in the past three years. The company which is mainly engaged in the manufacturing and trading of steel and steel alloy products, had last year forayed into renewable energy.

All power sector stocks, especially with a focus on renewable energy, have been a good momentum for a long, becoming one of the more sought-after stocks. As the rally in power stocks continues, several stocks have delivered multibagger returns, resulting in wealth gain for investors.

Ashnisha Industries shares have been a mega multibagger in the past two years with a fabulous return of 955 per cent.

ET Markets pointed out that in a three-year period, the counter has yielded a solid return of 3,509 per cent, resulting in wealth gain for investors. Accordingly, an investment of Rs 10,000 in equity shares of Ashnisha Industries three years ago would now have turned into more than Rs 3.5 lakh.

The company through an exchange filing on the BSE has informed that it will set up a solar plant in Surendranagar district of Gujarat. At the just concluded Gujarat Vibrant Summit, 2024, the company has signed a Memorandum of Understanding with the Gujarat government to set up the plant with a proposed investment of Rs 60 crore.

“Officials signed the MoU with the Commissioner of Municipalities Administration during the Vibrant Gujarat Global Summit 2024 in Gandhinagar,” a statement said.

Under the agreement, it said, the Gujarat government will provide necessary permissions, registrations, approvals, clearances in a time-bound process for green energy projects. The anticipated commencement year for the project is 2025, it added.

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Ashnisha Industries Multibagger penny stock with 950% return in only 24 months

Best performing ​6 Penny stocks that gained 30-45% this week

Submitted by Mohan Kumar on January 14th, 2024

According to a press report in the ETMarkets.com, though the stock markets witnessed only a slight uptick of 0.75%, several penny stocks recorded significant gains. Six penny stocks gave fabulous returns ranging from 30% to 45%. These stocks have a market capitalization below Rs 1000 crore and a share price under Rs 20.

​Visagar Polytex: Weekly Gain: 44% | Previous Close: Rs 1.77

​CNI Research: Weekly Gain: 41% | Previous Close: Rs 4

​Genpharmasec: Weekly Gain: 40% | Previous Close: Rs 6.64

RO Jewels: Weekly Gain: 38% | Previous Close: Rs 6.86

Panafic Industrials: Weekly Gain: 31% | Previous Close: Rs 1.54

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Best performing ​6 Penny stocks that gained 30-45% this week

Visagar Polytex is a multibagger penny stock which hit upper circuit of 20%

Submitted by Amar Shah on January 9th, 2024

Visagar Polytex is a penny stock with good potential and multibagger prospects.

The quarterly results of Visagar Polytex were quite sound.

Net Sales at Rs 0.26 crore in December 2022 down 75.72% from Rs. 1.06 crore in December 2021.
Quarterly Net Profit at Rs. 0.21 crore in December 2022 up 108.52% from Rs. 0.10 crore in December 2021.

Visagar Polytex’s EBITDA stands at Rs. 0.55 crore in December 2022 up 10% from Rs. 0.50 crore in December 2021.

Visagar Polytex EPS has increased to Rs. 0.01 in December 2022 from Rs. 0.00 in December 2021.

Visagar Polytex shares closed at 1.05 on February 09, 2023 (NSE) and has given -16.00% returns over the last 6 months and -50.00% over the last 12 months.

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Visagar Polytex is a multibagger penny stock which hit upper circuit of 20%

Ashish Kacholia’s latest investment is multibagger Basilic Fly Studio

Submitted by Basilic Fly Studio on January 8th, 2024

Ashish Kacholia bought 5.47 lakh shares in SME stock Basilic Fly Studio. The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO. The stock has delivered bumper returns to investors since its listing on exchanges.

According to the latest shareholding pattern available with the exchanges, Kacholia bought 5.47 lakh shares in the Chennai-based VFX company BASILIC FLY STUDIO
The MCap is ₹ 1,073.69 Cr. The PB Ratio is 21.36. The 52W H/L is ₹462 / 252.

BASILIC FLY STUDIO is majority-owned by promoters with a 59.9% stake, while the public owns the rest 40.1%. Among the public shareholders, there is no significant domestic or foreign institutional investment.

Basilic Fly Studio’s Rs 66-crore IPO, which was launched in September last year, received a whopping subscription of 286 times, which resulted in a listing gain of nearly 180%.

Since then, the shares have rallied nearly 70%. Those who had invested in the IPO, which was priced at Rs 97, are currently sitting on a return of 371%.

Basilic Fly Studio has worked for several Hollywood films like ‘Avengers: Endgame’, ‘Spider-Man: No Way Home’ and ‘Top Gun: Maverick’ among others.

Basilic Fly is a VFX studio based in Chennai with subsidiaries operating in Canada and the UK. The company holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials.

The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO.

Basilic has huge potential for growth opportunities given the rising scale of animation and VFX across the world. In India, the animation sector was valued at Rs 2,450 crore ($330 Mn) in 2020. A significant proportion of revenues (70-75%) for this sector in India came from international clients.

For the first half ended September 2023, the company has recorded revenues of Rs 51.6 crore and net profit of nearly Rs 19 crore.

Meanwhile, Kacholia’s portfolio in fiscal 2024 so far has exceeded expectations with as many as nine stocks turning multibaggers. As per the latest corporate shareholdings filed, he publicly holds 45 stocks with a net worth of nearly Rs 3,000 crore.

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Ashish Kacholia’s latest investment is multibagger Basilic Fly Studio

Multibagger Penny Stock Gujarat Toolroom has given 10000% return to investors

Submitted by Sudhir Jatia on January 7th, 2024

Gujarat Toolroom Limited, a penny stock, has given true multi-bagger returns to investors in a short span of five years. From trading below Rs 1 in 2019 to its current market price, the stock has jumped 10,000 per cent Over 10000 per cent return in 5 years. From its 52-week low, the stock has given 500 per cent returns.

500 per cent returns from 52-week low

From a 52-week low of Rs 8.58, which the stock traded at on January 24, 2023, the Gujarat Toolroom stock has given 500 per cent returns. In January 2019, the stock was trading at Rs 0.51 paise. On January 2, 2024, Gujarat Tooroom stock closed at Rs 55.48 apiece. That is more than a 10,000 per cent return.

Rs 1 lakh in 2019 would have been worth Rs 1.08 crore in 5 years

Had you invested Rs 1 lakh in 2019, it would have been worth Rs 1.08 crore today. The shares of Gujarat Toolroom hit the upper circuit on January 2. The development came after Gujarat Toolroom announced the strategic acquisition of mines in Zambia. Following the announcement, the stock hit the upper circuit of 5 per cent on January 2.

The company is hopeful that each hectare of its three mines will yield an annual revenue of $15-20 million. The company’s toolroom business is related to the operation of mines.

“GTL envisions each hectare of these mines, equipped with state-of-the-art Japanese technology, yielding an estimated annual revenue ranging from 15 to 20 million dollars. With a cumulative expanse of 6 hectares, the company confidently anticipates a minimum annual revenue of INR 700 crores upon the operational commencement of these mines in the upcoming quarter,” the company said in an exchange filing on January 2.

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Multibagger Penny Stock Gujarat Toolroom has given 10000% return to investors

Multibagger Wardwizard’s ‘Joy e-bike’ surged in December 2023

Submitted by Sukanya on January 5th, 2024

Multibagger Wardwizard‘s ‘Joy e-bike’ surged in December 2023, dispatching 3,543 electric two-wheelers – a 38% growth from November. The year 2023 witnessed a 23,926 units sold, with 17,919 units in the first three quarters of FY24.

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BAG Films Multibagger Penny Stock hits upper circuit of 20% today

Submitted by Sudhir Jatia on January 3rd, 2024

HAHA I have been saying since last few days to buy BAG Films. It will be multibagger. You can see my old posts. There was a great increase in trading volumes sending the clear sign that big shots are slowly accumulating BAG Films and stock will be a rocket soon.

Today, my favourite BAG Films is hit the upper circuit with 20% limit to Rs 13.20. Stock is up more than 100% in last one year. I have more that 98000 shares. Compute my gains. HA HA HA. 🙂

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BAG Films Multibagger Penny Stock hits upper circuit of 20% today