Multibagger stock: 1 lakh rupees in 11 months. 88 lakh multibagagar stock

Multibagger Small Cap Penny Stock: The stock market has been moving towards a decline for about 6 months. Severe sales suffer from damage in stress. Under these circumstances, some stocks are capable of removing the trend of this recession. One of them is Kothari Industrial Corporation, Small Cap Penny Stock. It is one of the stable shares that are also among heavy sales. The company’s shares rose 84 percent to 20.10 %in the current year compared to the decline in the Nifty Small CAP 100 index.

280 percent returns in six months

Kothari Industrial Corporation Stock has provided 280 percent of the last six months. Within 12 months, the share price increased from Rs 1.80 to Rs 159.25. This means 8,747 percent revenue. Company shares Rs. For those who have bought 1 lakh and sold them again, investment is almost Rs. 88.50 lakh .. retail investors have raised their stake in the company in the December quarter. His total holding increased from 41.3% to 53% in the September quarter.

License share

According to BSE share holding data, Life Insurance Corporation of India (LIC) accounts for 1.89 percent, while the remaining 44.1 percent are promoters of the company. Kothari Industrial Corporations are engaged in the construction of fertilizer. It operates the distributor network in southern states. There was a strong brand recognition there. The company leased its fertilizer plant to Coromendal International Limited. In addition, it is marketing health care items such as FMCG products. Crowds produce roots of cookies and dum.

recent developments

The Kothari Industrial Corporation signed an MoU with the Assam government in late February to excavate rare land and major minerals in the state. For that, it will invest Rs 200 crore. The project will be developed in collaboration with the Government of Assam and its public sector organizations (PSUs). This expansion in Assam represents the first step of KICL beyond its own base in Tamil Nadu.

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