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Business: The stock of a small company in the metal sector is in the news. The reason for the discussion is that this stock has given tremendous returns to its investors. During the last three and a half years, the stock price has managed to rise by more than 2000 percent.
36% growth in one month
This share is of small cap category metal company Goodluck India. On the last day of the week, Friday (September 6), when the domestic market saw a big fall, this metal share still managed to gain a good lead. On Friday, the share of Goodluck India closed at Rs 1,222 with a gain of 2.17 percent. In the last one month, this share has made a profit of about 36 percent.
Multibagger returns given throughout the year
After slowing down for some time, this stock has been gaining momentum again since the last one month. Due to the slowdown before that, the return of this stock in the last 6 months is 33 percent and since the beginning of this year till now it is only 22 percent. If we look at the last one year, then this stock has shown tremendous growth. Its price has gained 108 percent in the last one year. That is, the stock has remained a multibagger in terms of the whole year.
2,102 percent return in 3 and a half years
Just 2 years ago, the price of this share was at Rs 488. That is, the share price has gone up by 150 percent in the last 2 years. In the last 3 years, the share has risen from Rs 306 to 300 percent. At the same time, in 3 and a half years, the return of the share becomes more than 2000 percent. On January 1, 2021, one share of Goodluck India was only Rs 55.50. That is, from that time till now the share price has increased by 2,102 percent.
The CEO of the company told this reason
The company's CEO Ram Aggarwal says that his company has been in R&D mode since 2021. Whatever products the company brought to the market, all were new and innovative. Whatever investments we made till 2021 accelerated our pace. He said that his company's profit can go up to Rs 170 crore this financial year. In the last financial year, the company's net profit was around Rs 132 crore.
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