Gopala Polyplast, which was counted in penny stocks till a year ago, has given bumper returns to its investors in the last one year. A year ago, on October 29, 2020, the share price of Gopala Polyplast was Rs 4.51 on BSE, which has increased to Rs 772 today. During this period, it has given huge returns of 17,000 per cent to its investors.
If you compare it with the benchmark indices, where BSE has gained about 50% in the last one year, BSE Small Cap Index has given a return of around 90%. The stock had hit an all-time high of Rs 1,286.95 on the BSE on October 19, 2021, and has a market capitalization of around Rs 790 crore.
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If a year ago an investor would have invested Rs 1 lakh in Gopala Polyplast shares, his Rs 1 lakh would have increased to Rs 1.71 today.
This penny stock has definitely given multibagger returns to its investors. However, investors should note that since penny stocks are highly volatile, only investors with high risk appetite should invest a small portion of their entire portfolio in such stocks. The faster a penny stock rises, the more likely it is to crash.
Gopala Polyplast’s shares saw an upper circuit of 5% during 11 trading sessions during the last one month, while it hit a lower circuit of 5% for 9 times.
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about the company
Gopala Polyplast Company was established in 1984 and it produces plastic items for packaging of goods. The company manufactures woven sacks and woven fabrics that are used for packaging in industries such as cereals, cement, chemicals, fertilizers, sugar.
shareholding
The firm is mainly controlled by the promoters, who hold 92.83 per cent stake in the company. At the same time, only 7.17 percent stake is with the public shareholder. Bank of Baroda is the largest public shareholder of this company, holding 5 percent stake or 5.12 lakh shares in the company. At the same time, FII holds 0.23 percent stake.
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financial health of the company
Gopala Polyplast had reported a loss of around Rs 2 crore in the June 2021 quarter. At the same time, it had a loss of 1.46 crore in the same quarter of the last financial year. However, in the March 2021 quarter, the company had reported a profit of 17 crores.
The company’s revenue increased in the June 2021 quarter, although despite that the company could not make a profit. According to the BSE filing, the company earned Rs 10.59 crore in the June quarter, which was zero in the corresponding quarter of the previous financial year due to the COVID lockdown.
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