Rs 5 to Rs 204: This penny stock gave bumper returns in one year, 10,000 became Rs 4 lakh

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Rs 5 to Rs 204: This penny stock gave bumper returns in one year, 10,000 became Rs 4 lakh

Multibagger Stocks 2021: A year ago, the amount of Rs 10,000 invested in the stock of this company would have become Rs 4 lakh today. In comparison, the Sensex has gained only 38.37 per cent during this period.

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The stock of Gita Renewable Energy has given about 4,000 percent return to its shareholders in one year. Closed at Rs 5.50 on June 29, 2020, the stock reached an all-time high of Rs 203.85 on BSE today. An amount of Rs 10,000 invested in the stock of Geeta Renewable Energy a year ago would have become Rs 4 lakh today. In comparison, the Sensex has gained only 38.37 per cent during this period.

The stake of Geeta Renewable Energy has increased by 2,797.76 per cent since the beginning of this year and has climbed 154.29 per cent in one month. On BSE today, the stock hit an upper circuit of 5 percent and it reached Rs 203.85. Microcap stock has gained 154.29 per cent in the last 21 days. The stock opened today with a gain of 5 percent.

Geeta Renewable Energy Share is trading with 5 Day, 20 Day, 50 Day, 100 Day and 200 Day Moving Average. At the end of June quarter, promoters held 73.05 per cent stake in the firm and public shareholders held 26.95 per cent. Only 4,191 public shareholders held 11.08 lakh shares of the company, indicating that the share turnover was very low in the previous quarter.

Best performance in the renewable energy sector

The stock of the Tamil Nadu-based firm has outperformed companies in the sector in the past one year. Ravindra Energy’s stock has gained 121.47 per cent in one year, while another competitor GVK Power and Infra has gained only 27.11 per cent. The share of Urja Global has gained 162.13 percent in one year. Orient Green Power Company’s stock has climbed 63.77 percent in one year.

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