From ₹12 to ₹148: This penny stock surged 1,096% in just 1 year

livemint.com:

Ceenik Exports have given phenomenal returns to their investors in the last 1 year. The stock has delivered a whopping 1,096 percent return to its new high of ₹147.70 currently from ₹12.35 in January 2023. This implies that an investment of ₹10,000 in this penny stock in January 2023 would have turned into ₹1.19 lakh now.

The stock hit its record high of ₹147.70 in the previous session, January 19, 2024. It has now skyrocketed over 1,413 percent from its 52-week low of ₹9.76, hit on April 2023. The stock has already rallied 34 percent in January so far, extending gains for the sixth straight month since August 2023.

Between August 2023 and January 2024 (to date), the stock has soared almost 1,118 percent. In 2023, the stock gave positive returns in seven months and was in the red in five. It also gave multi-bagger returns in 1 month - September, surging 103.5 percent.

Apart from that, it jumped over 51 percent in November, 48.4 percent in December, 47.4 percent in October, around 35 percent in August, 15.6 percent in May, and 10 percent in April. However, it shed the most in January, down 40 percent followed by February, down 14 percent. It also lost 3.4 percent in March and 6.7 percent in July.

Looking at the long-term performance, the shares produced significant returns, as in the last three years, they have zoomed 1,872 percent and in the last five-year period, they soared 1,767 percent. In the December quarter results (Q3FY24), the company posted a ₹1.09 crore as against ₹21 lakh in the same quarter last year. Meanwhile, its total income rose 22 percent to ₹77 lakh versus ₹63 lakh in the corresponding quarter last year.