From Rs.0.35 to Rs.150 .. Multi Baker stock which has given multiple profit .. Have you bought?
Before we look at the role of Flomic Global Logistics, which has made millions in profits, let’s look at what a penny stock is.
Penny stock is a stock that is traded at a very low price. Its market capitalization will also be low. For example in India these penny stocks are trading from 0.05 rupees to 10 rupees.
One such penny stock was the role of Flomic Global Logistics. But today it may have made a good profit.
Can I buy penny stock?
However not all penny stocks are the same. So if you are thinking of buying a penny stock, you can invest in it as long as you can see it clearly fundamentally booming. But are these stocks likely to see a big rise? Be fully aware of this role. Can I invest after that? Don’t you Find out in full. Can I Buy Penny Stock?
However not all penny stocks are the same. So if you are thinking of buying a penny stock, you can invest in it as long as you can see it clearly fundamentally booming.
But are these stocks likely to see a big rise? Be fully aware of this role. Can I invest after that? Don’t you Be fully aware of that.
Multiple growing investment
If you had invested one lakh rupees in this stock last March 2019, today its value is over 4 crore rupees.
The share of Flomic Global Logistics has risen 43,000% over the past 2.5 years. As of March 28, 2019, the share price was 0.35 rupees and today it is 150.40 rupees. This is an increase of 42,871% on the BSE.
Comparison with the Sensex
The Sensex is up 57.71% during the period. Today alone, the share price has risen 5% to Rs 157.90. It is noteworthy that the last session also saw a 5% increase.
It is currently up 4.99% at Rs 157.90 on the BSE. Today’s peak price is 157.90. Today’s minimum price is 157.90 rupees. As it has become the upper circuit, the price remains unchanged
52 week high price
This penny funky 52 week high price is 216.30 rupees. The minimum price is 1.26 rupees.
Meanwhile the price of this stock is technically found to be above 50 day, 100 day, 200 day moving average. However the 5 day and 20 day moving averages are also below.
One year stock status
Its market capitalization is 113 crore rupees.
The price of this penny share has increased by 7,773% since the beginning of the current year. This is an increase of 12,029% over the past one year.
The company’s two promoters hold 27.49% stake and public shareholders 72.51%. 536 public shareholders hold 52.20 lakh shares.
Net profit for the second quarter
Despite the unexpected rise in share price, the company’s net profit fell to Rs 0.70 crore in the second quarter. It was Rs 0.85 crore last year.
2.47 crore in the same last financial year. It was Rs 0.05 crore in the previous financial year.