The company has a strong track record of profit growth, with a CAGR of 37.2 per cent over the past 5 years. It is also debt-free and has a good ROE (27.90 per cent) & ROCE (37.30 per cent) and dividend payout (48.60 per cent), which are all signs of a healthy business. Additionally, the stock is trading at 0.01 times its book value of Rs 178.

Penny stock Taparia Tools shines amid green market, locked in the upper circuit after securing order; robust profit growth, healthy dividend payout, and impressive financials make it a stock to watch!

The company's board of directors has set July 1, 2023 as the record date for 4:1 bonus share. 

This penny stock has become the talk of the town among dividend investors on D-Street, and for good reason. Despite its small market cap of just 3.35 crore, the stock has been making waves, having recently hit its upper circuit limit of 5 per cent at a level of Rs 11.