This Multibagger Penny Stock Priced Below Rs. 10 A Yr. Ago Has Climbed 2110%

The last year has been a year of multibagger and likewise this has benefitted most of the penny stocks. Likewise, there is a penny stock from the Finance space that has gained 2110% stocks. Penny stocks though risky have a high potential of gaining but are very less popular stocks and hard to determine in terms of their likely potential.

The crux is that if you can determine that the stock's intrinsic value is much higher than the stock's price, buying and holding a penny stock shall also be beneficial in the short to long term.

Sindhu Trade Links - Multibagger for years and multibagger for 2022

The company has given phenomenal gains from the past 5 years and 5 years ago the stock quoted at a price of Rs. 1.69 and last on February 12, 2021 i.e. almost a year back -it was priced at Rs. 6.62, while on February 11, 2022 it settled at a price of Rs. 139.25 per share. As per the latest market cap classification of stocks by AMFI- the stock falls in the small cap category. One more thing to take note of is alike other penny stocks trades just on the BSE.

Also, the stock's 52-week high price is Rs. 147.55 and on a Ytd basis it is up by 87%.

Company’s financials and stock split

The company in the recent December ended quarter posted a higher revenue from operations at Rs. 149.52. Net profit at the company gained close to 5 times sequentially to Rs. 29.65 crore. Also, the stock traded ex-stock split from February 3, 2022 with old face value brought down to Rs. 1 as new face value.

Company aims to be debt free by 2023 and intends to list on NSE for more visibility and volume

The company in a filing dated 4th February, 2022 said that the company reduced Bank-Debt by Rs. 1041.5 million. Also, the company plans to list on the NSE in due time and its filing says, "The Company's management in order to enhance the visibility and liquidity in the company's scrip decided to seek National Stock Exchange of India Limited (NSE) listing in the greater interest of the investors after taking into consideration that the company satisfies eligibility criteria of NSE Direct Listing (Mainboard)."

About Sindhu Trade Link

Based out of New Delhi, the company operates in transportation, media, investment and finance businesses. The company's m-cap is Rs. 7157 crore as on February 11, 2022.

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