Multibagger: Up over 600%, penny stock HLV turned ₹10,000 into ₹73,600 in 4 years; good time to buy?
₹3.15 in March 2020 to approximately ₹23.19 at present. This translates to an impressive return of nearly 636 percent. If an investor had allocated ₹10,000 to this stock back in March 2020, that initial investment would have grown to ₹73,600 by now.
HLV Limited owns and operates The Leela Mumbai hotel with 394 guest rooms. The company was formerly known as Hotel Leelaventure Limited and changed its name to HLV Limited in December 2019. HLV Limited was incorporated in 1981 and is based in Mumbai, India.
The stock has surged around 170 percent in the last 1 year but lost 14 percent in 2024 YTD, giving negative returns in 2 of the 3 months this year so far. It has shed 22 percent in March so far, after an over 11 percent decline in February. Meanwhile, it jumped 27 percent in January this year.
Currently trading at ₹23.19, the stock is almost 45 percent away from its 52-week high of ₹41.99, hit on February 7, 2023. Meanwhile, it has soared 190 percent from its 52-week low of ₹8, hit on March 28, 2023. The significant increase in value reflects a strong wave of market confidence and positive sentiment towards the stock, underscoring a notable achievement for the company amidst the current market conditions.
In the December quarter (Q3FY24), the company has posted 209 percent surge in its net profit at ₹9.53 crore as against a net profit of ₹3.08 crore in the year-ago period. Meanwhile, its total income also rose over 20 percent to ₹58.25 crore. According to ICICI Direct's analysis, the company is currently observing a surge in net cash flow and cash generated from its operational activities.
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