Micro-Cap Multibagger Rallies Despite Market Meltdown, Soars 640% in 1 Year

  • Investing.com
  • Stock Market News
Micro-Cap Multibagger Rallies Despite Market Meltdown, Soars 640% in 1 Year
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Amid the ongoing global volatility, markets are losing steam and a direct impact can be witnessed in the domestic market, as benchmark indices Nifty50 and Sensex have corrected over 10% so far in the calendar year.

Despite the intense sell-off over the past sessions, the stock of the packaging company G K P Printing & Packaging (BO: GKPP ) has significantly defied the market’s sentiments. 

The multibagger micro-cap stock ended 1.2% higher at Rs 185.05 apiece on Friday, surging 25.9% from Rs 147/share a month ago. In a year, the company’s shares have rallied a whopping 640.2% from Rs 25 apiece. On a YTD basis, it has zoomed 28%.

On June 23, 2022, the company announced through an exchange filing, the acquisition of land measuring 43,234 square feet in Vapi, Gujarat, for shifting existing manufacturing facilities and expanding business.

Despite the market meltdown over the past sessions, GKP Printing & Packing’s scrip has been faring on a positive note since the past 11 sessions, stated Mint, and in the last three years, it has provided its holders with extraordinary returns of over 850%.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
  • Ananth Navada @Ananth Navada
    it's a pump and dump , stay away
    Like 4

Related Articles