Above 13% Intraday Gain, Reaches 52-Week High, GRP Ltd. Stock Surged 28% In 5 Days, Buy?

GRP Ltd. is a small-cap company that has a market capitalization of 248 crore. Amid Nifty 50 fell around 1% in the past 5 days, but at the same time, this stock has gained breaking the bear run.

Stock to Buy: NSE performance

The current market price of GRP Ltd. stood at Rs. 1,885/share on NSE, gaining by 13.06%, till last traded. In the last 5 days, the share price of this company has gained by 28.21% on NSE, and in the last 1 month, its share price has surged by 47.15%. In the past 6 months, its stock price has hiked by 25.15%. Additionally, in the last 1 year its stock price gained by 89.96%. This stock has a consistent bullish track, so investors can think about buying it now.

The 52-week high level of this stock is Rs. 1,914.70, and the 52-week low level of this stock is Rs. 900.90

Market capitalization	Current market price	5 days performance	1 Month performance
Rs. 248 crore	Rs. 1,885	28.21%	47.15%

Company information

According to data available with BSE, in Q4 FY22, the company's revenue stood at Rs. 111.45 cr, as against Rs. 93.31 cr in the previous quarter. The company's Total Income was reported at Rs. 111.95 cr in Q4 FY22, as against Rs. 93.36 cr in Q3 FY22. Additionally, its Net Profit stood at Rs. 2.32 cr, as against Rs. 0.78 cr in the earlier quarter, which has risen sharply QoQ basis.

However, according to a report by simplywall.st, at the end of March 2022, GRP had Rs. 996.7m of debt, up from Rs. 710.9m a year ago.

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.