Shares of this company made investors millionaires, investment of 10 thousand became 2.30 lakhs in a year

Shares of this company made investors millionaires, investment of 10 thousand became 2.30 lakhs in a year

Multibagger Stocks 2021: The stock has gained 1,688 per cent since the beginning of this year and has gained 151.17 per cent in one month. The market cap of the company is Rs 121 crore.

symbolic picture

Multibagger Stocks 2021: During the Corona epidemic crisis, smallcap stocks have made huge profits to investors in comparison to the shares of giant companies. The shares of Gopala Polyplast have given returns of more than 2,300 per cent to its shareholders in just one year. In comparison, the Sensex has gained only 44.68 per cent. Gopal Polyplast’s stock has gained 1,688 per cent since the beginning of this year and has gained 151.17 per cent in one month. The market cap of the company is Rs 121 crore. The investment of Rs 10,000 invested in it a year ago would have increased to Rs 2.30 lakh now.

On BSE, today the stock rose 5 percent to a new 52-week high of Rs 118.25. The stock has gained 27.5 percent in the last 5 days. There is an upper circuit of 5 percent in the stock today. The share of Gopala Polyplast is higher than the moving averages of 5 Day, 20 Day, 50 Day, 100 Day and 200 Day.

Promoters’ stake

At the end of the June quarter, promoters held 92.83 per cent in the firm and public shareholders held 7.17 per cent. Bank of Baroda was the largest shareholder in the company with 5 per cent stake or 5.12 lakh shares. There were only 3,682 shareholders holding 1,38,833 shares, with personal capital up to Rs 2 lakh. The three foreign portfolio investors held 23,369 shares at the end of the June quarter.

financial position of the company

Financially, the company reported a net profit of Rs 17.14 crore with a growth of 491.32 per cent in the March quarter, as against Rs 4.38 crore in the corresponding period of the previous fiscal. However, on a quarterly basis, net profit fell 65.33 per cent to Rs 49.44 crore.

On an annual basis, net profit increased by 407 per cent to Rs 63.62 crore in the financial year ended March 2021, while there was a loss of Rs 20.70 crore in the financial year ended March 2020. Sales in the financial year ended March 2020 increased by 182 per cent to Rs 15.87 crore as against Rs 5.62 crore in the previous financial year.

Company accused of fraud

Investors should also trade the stock with caution as the firm has been in news for the wrong reasons last year. In December 2020, the CBI has registered a case against Gopal Polyplast in a bank fraud case of Rs 72.55 crore.

The central agency registered the case against Gopala Polyplast based on a complaint by Bank of Baroda, alleging that the firm’s accused directors—Manish Somani and Manoj Somani and Kishorilal Sonthalia—paid Rs 72.55 crore to the bank between 2017 and 2019. of fraud.

company business

Gopala Polyplast manufactures Woven Labels and PP Woven Bags in India. Woven sacks are used for packaging in industries such as cement, fertilizers, sugar, chemicals and food grains.

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