Penny Stock Under Rs 20: After Rising More Than 190% in Just a Single Year, 

This Multibagger Steel Company's Stock Is Up 10% Today and Has Reached the Upper Circuit!

 

 

 

 

Zenith Steel Pipes & Industries Ltd was established in 1960 and specializes in the manufacturing and marketing of ERW (Electric Resistance Welded) and SAW (Submerged Arc Welded) pipes.The firm produces a large variety of goods, such as Spirally Welded Pipes (HSAW) with an OD of 18 to 100 inches (457 mm to 2540 mm) and ERW Black and Hot Galvanized pipes with diameters ranging from ½ inch to 20 inches.

Bulk water transportation is one of the main uses for these pipelines. Volumes and the share price of the firm both showed notable increases today.

 

The share price of Zenith Steel Pipes & Industries Ltd opened at Rs 11.40 per share at the beginning of the trading session, which is lower than the closing price of Rs 10.51 per share on the BSE the day before.

 

 The share price on the BSE is now Rs 11.56. The high level of interest in the stock today indicates that the market is seeing significant demand. Zenith Steel Pipes & Industries Ltd.'s market value is at Rs 164.48 crore, and in only one year, the stock has produced an amazing multibagger return of almost 185%.

 

 

Cash Management

 

According to the Quarterly Results, Zenith Steel Pipes & Industries Ltd brought in Rs 43.06 crore in revenue during the fourth quarter of FY24.

For Q4 of FY24, the operational profit was Rs 6.73 crore. For Q4 of FY24, there was a net profit of Rs 9.87 crore. When comparing the company's annual performance, revenue in FY24 was Rs 143 crore, whereas sales in FY23 was Rs 165 crore. For FY24, there was a net loss of Rs 1 crore.

 

 

In terms of ownership structure, retail or general investors possess 84.29 percent of the company's shares, while the promoters own 15.64 percent. FIIs is holding 0.08%.

 

This micro-cap stock is one that investors need to be aware of.