look news india
New Delhi: In the stock market, people look for such shares which can give good returns in short time. Such stocks are called multibagger stocks. But finding multibagger stocks is not that easy. These smallcap and hidden stocks are always there. Today we are telling you about a stock which has given returns to its investors not 5 or 10 times but more than 80 times in 3 years. The share of Gujarat Toolroom has seen a journey from 48 paise to Rs 60 in the last 3 years.
According to a report, on April 19, 2021, this share was available at 48 paise. The share is currently trading around Rs 48. So in December last year, this share had crossed Rs 60. This share has given a return of Rs 8774 to investors in three years. The stock's 52-week low is Rs 8.92 and 52-week high is Rs 62.97.
What does the company do?
According to the information given on the company's website, it manufactures high quality multi cavity models for medical disposable pharma, food and beverage packaging, writing instruments, oral hygiene articles. It also has a subsidiary in Dubai named GTL Gems DMCC. The company is also expanding its finances strongly. The company has achieved a turnover of Rs 202 crore and a profit of Rs 27 crore. The company has a strong hold in the business of precious metals, diamonds and gems.
profit margin
GTL Gems DMCC has also shown good profit margins. While other companies in the industry are struggling to maintain a profit margin of 4 percent, GTL Gems is maintaining a profit margin of 13.74 percent. Additionally, GTL's Zambian subsidiary is entering the mining sector. The company is acquiring a gold mine there. GTL has also received orders from Reliance Industries.