₹10k became 10 Lakhs in 1 Year in this Multibagger Penny Stock

Investing in penny stocks seems like a shortcut to making big money, with everyone talking about the huge returns you can get. But it is not all smooth sailing. Penny stocks, those low-cost stocks that promise big profits, can be difficult to find.

They are like a rollercoaster of money, with lots of ups and downs. Before jumping into any penny stock, it’s important to know that not all penny stocks are winners, and there are hidden dangers involved.

Operators may be present in such stock. Panic selling or panic buying may occur and the stock may continuously move in upper or lower circuits due to which you will not be able to buy or sell in such stocks. Today’s penny stock Associated Ceramics Ltd (BSE: 531168), which has turned investors’ money more than 100 times in less than 12 months, is also in the lower circuit for the last 5-6 trading days.

Associated Ceramics Shares Performance & Return

Shares of Associated Ceramics were listed on BSE in Feb 2023 and since its listing, it has delivered marvelous returns. This stock has given 182.88% return within three months and more than 700% within six months. You can check the tables below to know the performance in detail.

Associated Ceramics Shares Soar 100x in 12 Months

The share price of Associated Ceramics was trading at Rs 13.50 on February 21, 2023, which reached its all-time high of Rs 1,408.15 on February 23, 2024. During this period the shares of the company increased by 10330.74%.

That means, if someone had invested Rs 10,000 in February 2023, the value of the shares would have become Rs 10 lakh in February 2024. However, after the fall (lower circuits) of the last few days, this profit has reduced from 100x to 90x.

Associated Ceramics shares Zoom more than 700% in six months, and more than 5000% in nine months. The company’s overall performance over the last 12 months is 8883.42% and for investors who invested ₹10,000 in it 12 months ago, its value has grown to ₹898,342 today.

Associated Ceramics Shares Performance in 2024 YTD

Associated Ceramics’ share price was ₹655.00 in January and today it is trading at ₹1272.95 representing a total gain of 94.34% in 2024 YTD.

Associated Ceramics Shares Surge 4657.04% in 2023

The share price of Associated Ceramics in February 2023 was ₹13.50, and on the last trading day of the year, it closed at ₹642.20 with a gain of 4657.04%. For investors who invested Rs 10,000 in February 2023, the value of their shares would have become Rs 10 lakh in December 2023.

9300 Percent Growth since Listing

• If we look at the performance of the last 12 months, it has seen a rise of more than 8800%.
• Since listing it has increased investors’ money by more than 93 times.
• For investors who invested Rs 10 thousand in Associated Ceramics Shares on listing day, the value of those ₹10 thousand worth of shares has increased to ₹9.43 lakh.
• The company’s stock CAGR growth since the listing is 8171.11%

Associated Ceramics Shares Performance (Year-wise)

About the Company

Established in 1970, Associated Ceramics Limited (ACL) is engaged in the business of manufacturing and distribution of refractory items. The company has a product profile of Cement Bricks, Aluminum Tea Kettle, Glass Tank, and Magnesite Zircon products.
Specializing in custom-designed refractory products, Associated Ceramics caters to a diverse range of industries, including glass, steel, cement, aluminum, and graphite electrode manufacturers.

Associated Ceramics Last Quarter Result

Figures in Rs. Crores

Associated Ceramics Loss & Profit Statements

Figures in Rs. Crores

Last 5 Years Compounded Sales and Profit Growth

Shareholding Pattern

Disclaimer: This article is written for informational purposes only, do not consider it any investment advice.