GG Engineering Share Price | Share price 1 rupee 90 paise, company's profit increased by 1422%, investors collapsed – Penny Stocks
GG Engineering Share Price | This share priced at just Re 1 90 paise has come into focus. Thursday GG Engineering Ltd (BOM: 540614) There was a rush to buy shares of the company. Shares of GG Engineering Ltd rose 19.50% to Rs 1.90 on Thursday. On Friday, October 25, the stock was trading at Rs 2.08, down 9.47 per cent. (GG Engineering Limited Company Excerpt)
Large scale buying of penny shares
On Thursday, GG Engineering Limited Company shares hit the upper circuit with a gain of 20%. On Thursday, the stock was trading in the range of Rs 1.67 to Rs 1.90. Shares of GG Engineering Limited closed at Rs 1.59 on Wednesday. GG Engineering Ltd. shares have surged as the company reported excellent second quarter results. Penny stocks were bought heavily following the company's positive financial results in the second quarter.
second quarter results
GG Engineering Ltd has reported a net profit of Rs 11 crore in the second quarter of the current financial year. This is a big increase compared to the net profit of Rs 1 crore in the same period last year and the net loss of Rs 2 crore in the last June quarter. GG Engineering Limited Company's net profit exceeds consolidated net profit of ₹7 crore in FY24. GG Engineering Ltd reported revenue of ₹106 crore in FY25, up from ₹73 crore in Q2FY24 and ₹70 crore in Q1 of the current fiscal. The stock is up sharply following this positive financial result.
stock position
The stock has given 59.66% returns in the last one year. The stock has given 29.25% returns in the last 5 years. The stock has given 153.33% returns to long term investors.
about the company
GG Engineering Limited supplies spare parts for industrial engines, diesel generator sets and marine engines for various applications in the local and international markets.
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