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.
Download Pdf of research report on Gujarat Toolroom multibagger: Not Available
Image uploaded by Sudhir Jatia :
