A small stock that has emerged as a big success story for investors on Dalal Street. This stock has turned into a multibagger in no time, which has given strong returns to the investors.
stock performance
The name of this stock is Lorenzini Apparels. This stock has given surprising returns in the last five years. The stock surged 6,518 per cent during this period, rising from Rs 0.39 in November 2019 to its current price of Rs 25.81. This rally highlights the stock’s steady value growth, making it a strong performer among penny stocks. This multibagger stock had hit a record high of Rs 35.90 in September 2024. At present it is 28 percent below its all-time-high.
results
The company recorded multifold growth in its net profit in the September quarter to Rs 12.2 crore as against Rs 1.86 crore in the same period last year. Meanwhile, the total income in the same quarter last year also increased by 51 percent to Rs 28 crore, which was Rs 18.5 crore in the same period a year ago.
business model
Established in the year 2007, Lorenzini Apparels Limited is a leading player in the Indian apparel industry. It designs, manufactures and markets ready-to-wear garments under its renowned Monteil brand. But let us tell you that penny stocks definitely offer the possibility of strong returns on small investments, but they also involve big risks.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.