Multibagger stock below Rs 5: Watch out for this penny stock, which was locked in the upper circuit on April 06

The stock gave multibagger returns of over 773 per cent in just 3 years. The shares of the company saw a spurt in volume by more than 6.85 times on BSE.  

One of the Top Gainers on the BSE today, shares of Luharuka Media & Infra Ltd surged and reached an upper price band of Rs 3.23 per share, after being locked in the 5 per cent upper circuit. The company's stock price has risen significantly in recent trading, with volume increasing in a row.  

According to the financials, net sales and net profit increased by 59.29 per cent and 20.95 per cent, respectively, in Q2FY23 compared to Q2FY22. In comparison to FY21, net sales and net profit increased by 39.48 per cent and 307.09 per cent, respectively, in FY22.  

Luharuka Media & Infra Limited (LMIL) is a non-banking finance company (NBFC). The company is engaged in the financial sector and provides various types of loans. The company also operates in the infrastructure and media industry. Today, the company saw a spurt in volume by more than 6.85 times on BSE.  

LMIL has a market cap of 30.27 crore. The 52-week high of the stock is Rs 6 and the 52-week low is Rs 1.85. The stock generated gains of 26.67 per cent over the previous 6 months and multibagger returns of over 773 per cent in just 3 years.  

Investors should keep an eye on this penny stock.