Multibagger: Penny Stock Under Rs 9 Soars 141% In Last 11 days

Penny stock under Rs 9, GCM Capital Advisors Ltd witnessed sharp surge in the last 11 days only. The stock has been rising at a time when share market is falling. BSE Sensex declined 874 points on January 27, 2023 to 59,330.90 while NSE Nifty fell 287 poins to 17,604.35.

From the Sensex, shares of SBI, Axis Bank, ICICI Bank declined over 3% in trade today while Tata Motors gained most with 5% intraday and figured in top gainers. Shares of ITC soared 2% till noon.

From Nifty, the top loser stocks were Adani Ports, Adani Total Gas, and Adani Enterprises with a decline of 20%, 20%, and 15%. Shares of Adani Green Energy Ltd fell 20% in trade on January 27, 2023.

Adani Transmission Ltd shares also declined by 20% till 12:56 pm. Meanwhile, Adani Power Ltd and Adani Wilmar Ltd slipped 5% each on Friday. It turned out to be black Friday for Adani Group stocks.

Check details pertaining to GCM Capital Advisors Ltd below:

1. GCM Capital Advisors Ltd Stock Performance

The last trading price of the stock is Rs 9.04 apiece on BSE with an intraday gain of 4.99%. Even today, the stock hit upper circuit at Rs 9.04 apiece on BSE. The stock has been hitting back to back upper circuit since January 20, 2023.

Today the stock also traded its new 52-week high. The stock's 52-week high is Rs 9.04 apiece and 52-week low is Rs 3.42 apiece, respectively. The company has a market capitalisation of Rs 5.31 crore.

2. GCM Capital Advisors Ltd Return

The stock has given 141% return in just last 11 days. It was priced Rs 3.75 apiece on January 17, 2023 and today the last trading price of the stock is Rs 9.04 apiece, respectively.

In these 11 days, the stock rallied 141%. The stock has given 100% return in last 3-months, 7% return in last 1-year, 583% return in last 3-years, and 123% return in last 5-years.

3. GCM Capital Advisors Ltd About

The company was incorporated as 'GCM Capital Advisors Limited' a public limited company under the Companies Act, 1956. It is a diversified financial services company mainly engaged in the business of providing financial advisory & consultancy services and engaged in treasury operations by providing funding solutions to its clients both in the form of Debt & Equity and investment activities.

Disclaimer

The penny stock gives details about sharp return in last few days. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.