Multibagger Stock: Up 5900%, this financial stock turned ₹10,000 into ₹6 lakh in 3 years
₹3.5 in December 2020 to currently trade around ₹210. This implies that an investment of ₹10,000 in this penny stock in December 2020 would have turned into ₹6 lakh this year. Meanwhile, it has also given exceptional returns – skyrocketing 889 percent – in the last one year and gained 797 percent in 2023 YTD.
The stock was trading around ₹23.41 in December last year. Of the 12 months of 2023 (considering December so far), the stock gave positive returns in seven, was flat in one (August), and was in the red in the 4 remaining months. It gave double-digit returns in all the 7 months it was positive in.
The stock rallied the most in January, surging almost 90 percent, followed by September, up 63 percent. Meanwhile, it soared around 53 percent, both in November and April; and gained over 45 percent in December so far. It also advanced 21.5 percent and 26 percent in July and June, respectively.
However, it shed the most in May, down 22.5 percent, followed by October, down 15 percent. It also lost 12 percent in February and 4 percent in March of this year. The stock hit its record high of ₹210.05 today, on December 28.
It has skyrocketed 889 percent from its 52-week low of ₹21.24, hit on December 28, 2022. The rise in its stock price came on the back of a significant rise in its profit over the past few quarters. In the September quarter, the company's net profit jumped to ₹24.2 lakh from ₹2.6 lakh in the year-ago period.
Meanwhile, its total income surged to ₹28.5 lakh in the September quarter from ₹6.3 lakh in the corresponding period last year. Dhruva Capital Services Ltd. operates as a non-banking financial company in India.
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