Stock below Rs 10: Keep an eye on this penny stock, which was locked in the upper circuit on February 01

The net profit skyrocketed 544.78 per cent in FY22 compared to FY21. 

On Tuesday, BSE Sensex index closed on a positive note, up 158.18 points or 0.27 per cent at 59,708.08 and Nifty-50 index also closed on a negative note, down 45.85 points or 0.26 per cent at 17,616.30. Considering broader markets, BSE Small-Cap index plunged 1.10 per cent to a level of 27,894.98. 

One of the Top Gainers on BSE today, shares of GTL Ltd surged 10 per cent upper cent to Rs 6.05 per share from its previous closing of Rs 5.50. 

GTL is a network services company, offering services and solutions to address the network life cycle requirements of telecom operators, technology providers (OEMs) and tower companies.  

Talking about the financials, GTL Ltd has a market cap of Rs 95.16 crore with 3 years CAGR of 63 per cent respectively. The company reported excellent results in its annual financial statements. In FY22, net sales of Rs 194 crore against net sales of Rs 221 crore in FY21. The net profit skyrocketed 544.78 per cent in FY22 compared to FY21. 

GTL Ltd informed the exchange that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, February 8, 2023 at Mumbai to consider and approve the Unaudited Financial Results for the Quarter results on a stand-alone basis (Q3). 

The stock has a 52-week high of Rs 19.40 and a 52-week low of Rs 4.72. Investors should keep an eye on this small-cap stock.