GTL Share Price | Big update on GTL company, bullish signs in penny stock, will get multibagger returns again – BSE: 513337
GTL Share Price | There have been some penny stock purchases by investors in the past year. Many of these stocks have become multibagger. (BSE: 513337) Returns have been delivered. Now the buying of another penny stock has increased. This money is one penny share of GTL company. Penny stocks have given 781% returns in the last three years. On Tuesday, October 15, this share had increased by 4.96 percent to Rs 14.4. (Gujarat Toolroom Limited Part)
Company raised Rs 50 crore
GTL stands for Gujarat Toolroom Limited Company which has raised Rs 50 crore through QIP. The company's shares have benefited from this. On Monday, the company's shares hit the upper circuit. The penny stock has given 10% returns in the last two trading sessions. On Friday, this share had increased by 5 percent and closed at Rs 13.05. The total market cap of the company is Rs 219 crore. The stock had a 52-week high price of Rs 45.97, while the 52-week low price was Rs 10.75. On Wednesday (October 16, 2024), the stock was trading at Rs 13.7, down 1.93%.
Company's expansion plans will accelerate
With major participation from Eminence Global Fund PCC Trade Fund, Zeta Global Funds and institutional investors, the company has raised Rs 50 crore at an issue price of Rs 11.50 per share. This capital will be used to accelerate the expansion plans of Gujarat Toolroom Limited Company. These expansion plans include growth areas such as mining, clean energy and international operations.
The company disclosed the information in exchange filings
“Gujarat Toolroom Limited is pleased to announce the successful completion of its QIP by raising Rs 50 crore by issuing 4,34,78,260 equity shares,” Gujarat Toolroom Limited said in an exchange filing. Gujarat Toolroom Company last quarter 100% dividend has been declared to the investors.
How much return did the stock give?
In November 2021, Gujarat Toolroom Limited Company share price was Rs 1.48. Yesterday the share had reached Rs 13.70. The stock has given 781% returns in the last three years.
Disclaimer: Investing in mutual funds and stock market is based on risk. Before investing in the stock market, always consult your financial advisor. tezzbuzz.com will not be responsible for any financial loss.
Comments are closed.