This Edible Oil Penny Stock Turned Rs. 1 Lakh Into Rs. 35.5 Lakh In Just 6-Months

The small cap company into edible oil manufacturing- Suraj Industries turned into a mutibagger stock in just 6 months providing mind-boggling returns. On June 3 to December 3, 2021, the stock has zoomed from a low of Rs. 2.2 to last quote at Rs. 78.15. In trade today (December 3, 2021), the stock has hit upper circuit limit of Rs. 78.15, gaining 5%. The stock is not listed on the NSE.

This Edible Oil Penny Stock Turned Rs. 1 Lakh Into Rs. 35.5 Lakh In Just 6-Months

Rs. 1 lakh investment into this penny stock exactly 6-months back now turn to Rs. 35.5 Lakh

On the gains from Rs. 2.2 to current price, the returns in 6-months time equate to 3552%, while the 1-year returns are at 5,958%. For a lump sum investment in the stock then of Rs. 1 lakh which would have added 45,454 shares of the company which at the current investment would increase your investment multifold to currently value at Rs. 35.52 lakhs. M-cap of the scrip currently stands at Rs. 67 crore.

Q2Fy22 results of Suraj Industries

Net sales at the company jumped impressively YoY to Rs. 14.96 crore in the September quarter of Fy 22. Likewise quarterly quarter also gained YoY by 1087% to Rs. 0.82 crore. EBITDA stands at Rs. 1.01 crore in September 2021 up 1362.5% from Rs. 0.08 crore in September 2020.

The company's EPS has also surged to Rs. 0.95 in September as against Rs. 0.11 in the same quarter in the year ago period.

SWOT Analysis of Suraj Industries

Suraj Industries stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. One of the strength highlighted as per the SWOT analysis of the scrip is rising net cash flow and cash from operating activity while its weakness and threat likewise is low piotroski score and it is among the companies with weak financials. Further the threat listed for the scrip is that it is a stock with a high P/E of above 40.

About Suraj Industries

The Vanaspati and oil company offers its product range under the brand Aangan and Apna. It also provides liquor products under the brand name Old Monk Rum. The firm is also engaged in real estate business. The company was incorporated in 1992 and based in Noida, Uttar Pradesh.

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