Multibagger stock below Rs 40: Keep an eye on this stock, which was locked in the upper circuit on February 24
The stock gave multibagger returns of 1,139.58 per cent in just 6 months whereas BSE small-cap index was down by 2.49 per cent.
On Friday, one of the gainers on the BSE, shares of VCK Capital Market Services Ltd surged and reached an upper price band of Rs 35.70 per share, after being locked in the 5 per cent upper circuit. The stock has a 52-week high of Rs 40.25 and a 52-week low of Rs 2.39.
Incorporated in 1991, VCK Capital Market Services Ltd is engaged in the business of investment banking and retail mobilization services. The company's share price is rising dramatically and has made back-to-back upper circuits in recent trading sessions.
Talking about the financials, VCK Capital Market Services Ltd has a market cap of Rs 23.06 crore. The company reported excellent results in both quarterly and annual financial statements. In the latest Quarterly Results (Q3), the net sales rose by 6.76 per cent, operating profit skyrocketed by 217.86 per cent and net profit skyrocketed by 253.57 per cent compared to the same quarter last year.
The stock price of the company has recently increased significantly, setting back-to-back upper circuits. The stock gave multibagger returns of 1,139.58 per cent in just 6 months whereas BSE Small-Cap index was down by 2.49 per cent. Investors should keep an eye on this multibagger small-cap stock.