Multibagger! Penny stock Hardwyn India surged 6592% in 5 years, up 955% in 3 years; should you invest?
₹0.50 in June 2019. Such substantial gains highlight its consistent and substantial value appreciation trajectory over the years, reflecting its potential as a high-return investment within the penny stock category.Meanwhile, over the span of 3 years, starting from June 2021 when it traded at ₹3.17, the stock has surged by an impressive 955 percent.However, the stock witnessed some correction in the last 1 year.
Over the past year, it has fallen 37 percent, while the stock has lost almost 18 percent year-to-date. It has given negative returns in 4 of the 6 months so far.
The scrip rose 16 percent in June so far, snapping after 4 straight months of losses since February 2024. It fell 35 percent in this period, declining 5 percent in May, 9 percent in April, 24 percent in March, and 1 percent in February.
Meanwhile, it advanced 9 percent in January 2024.The stock hit its record high of ₹51.77 on January 15, 2024 and 52-week low of ₹26.10 on June 5, 2024. Currently trading at ₹33.5, the stock is 35 percent away from the peak but has jumped over 28 percent from its 52-week low.Hardwyn India Limited manufactures and trades in architectural hardware and glass fittings for residential and commercial structures under the Hardwyn brand in India.
The company offers door closers, floor springs, glass patch fittings, point fixed architectural fittings, shower enclosure fittings, shower hinges, plastic profiles, mortise handles and locks, spider fittings, shower sliding systems, motion gate series, automatic and shower doors, stainless steel railings and balustrades, brass and zinc handles, cylindrical and furniture locks, telescopic channels, and electronic safes, as well as bathroom accessories and aluminum profile products. The
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