A penny stock that has given good returns to investors in a short period of time. Buyers are always active regarding this stock. Here we are talking about minerals and mining company Gujarat Toolroom Ltd. Not only this, foreign investors also have a significant stake in this stock. Now a bumper rise is being seen in this stock.
Why is the stock running away?
The main reason for the company’s strong growth was its excellent revenue and profit performance in Q2 FY25. In its results for the quarter ending September 2024, Gujarat Toolroom Ltd reported revenue growth of 73 percent, from ₹157 crore to ₹271 crore. Revenue also increased by 3% from the previous quarter Q1 FY25.
If we talk about the movement of the stock, it has given more than 95 percent return to the investors in a period of just 6 months. At the same time, if we talk about one year, the investors’ money has tripled. That means it has given a profit of more than 200 percent.
share holding pattern
The promoters’ stake in the shareholding pattern of Gujarat Toolroom Ltd as of October 2024 is zero. At the same time, Foreign Institutional Investors (FIIs) hold 27.15% stake, while Domestic Institutional Investors hold only 0.10% and Retail Investors hold 72.75%.
fundamentals
Let us tell you that the fundamentals of this penny stock are strong, hence it remains in the eyes of investors. Talking about its book value, it is around Rs 209, due to which it is registering a rise. According to 5paisa, the dividend yield of Taparia Tools is 30 percent. Let us inform you that the company had declared a final dividend of 200% or Rs 20 per share on equity shares with face value of Rs 10 on May 21, 2024, for which the record date was July 22, 2024.
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.