From Rs 160 to Rs 827: This multi-bagger stock has gained over 392 per cent year to date; to pay 6:1 bonus share soon
The stock has increased by 392 per cent, while the BSE Sensex has increased just by 4.41per cent
On Wednesday, shares of G M Polyplast Ltd surged and reached a fresh 52-week high of Rs 827.20 per share, after being locked in the 5 per cent upper circuit. As a result of the company's positive results, there is some fresh buying with a spurt in volume by more than 3.27 times on BSE. This Small-Cap stock is a multi-bagger since it received more than 300 per cent in one year, increasing from a low of Rs 160 to more than Rs 800 today.
Annually, net sales increased by 41.7 per cent, operating profit increased by 20 per cent and net profit increased by 19.5 per cent in FY22 compared to FY21. As the company achieved positive results in FY22, it announced a 6:1 bonus share to its shareholders. Under the bonus issue, the company will issue 1.15 crore equity shares having a face value of Rs 10 each aggregating to over Rs 11.53 crore.
G M Polyplast is one of the leading manufacturers of plastic sheets and premium quality raw materials used to manufacture the sheets called granules. It started its operations in 2003 and has a centrally located manufacturing plant in Mumbai.
On YTD basis, the stock has increased by 392.20 per cent, while the BSE Sensex has increased just by 4.41per cent. Investors should keep an eye on this stock.