Stock Below Rs 23: Multibagger returns in 5 months, Hits Back To Back Upper Circuit

Small cap stock operating in Gems and Jewellery sector, Gautam Gems Ltd has been giving multibagger returns for the last few months. The stock is also touching back to back upper circuit for some time. It came into existence in 2014 and has a market capitalisation of Rs 111.74 crore. Check details below:

1. Gautam Gems Ltd Stock Performance

The last trading price of the stock is Rs 22.20 apiece with an intraday gain of 4.96% on Friday, January 21, 2023. The stock's 52-week high is Rs 26.00 apiece and 52-week low is Rs 7.53 apiece, respectively.

The stock hit upper circuit on January 20 and registered a 2.28 times spurt in volumes on the same day. It has been touching back to back upper circuit since January 16, 2023.

2. Gautam Gems Ltd Return

The stock has given multibagger returns in last few months. The stock was priced Rs 9.78 on August 19, 2022 and now the price has gone up to Rs 22.20 apiece on January 21, 2023. It has given 144% return in 5 months span.

However, the stock declined 22% in last 1-week. In last 1-month, it has rallied 13, 29% in last 3-months, 117% in last 6-months and 25% in last 1-year. It declined 69% in last 3-years.

3. Gautam Gems Ltd About

It is a leading importer, exporter and manufacturer of rough and polished diamonds. Its registered and corporate office is located in Surat, which is the diamond hub of India. It sells diamonds of multiple category, shape, cut, size and color.

The range of diamonds it trades in depends on the demand and supply of diamonds in the local markets. Our promoters, Mr. Gautam P.Sheth and Nidhi G.Sheth have 15 years and 7 years of experience in diamond business, respectively.

Disclaimer

The stock gives multibagger returns in a short span of time. 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.