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%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
it's a pump and dump , stay awayLike 4