The shares of Zenith Steel Pipes & Industries Ltd gave multibagger returns of 730.44 % in the past six months as their share price surged from ₹ 1.15 to ₹ 9.55. This means that if ₹1,00,000 was invested in the shares of the company six months ago, the value of the holdings would have been ₹8,30,440.
The share has been continuously hitting the upper circuit since March 15, 2022, for 54 sessions in a row and it is currently locked in at the price of ₹ 9.55.
The share price of the company increased by 20.13 % in the past five days, 165.28% in the last month, 905.26 % in the last year and by a massive 1023.53% in the last five years. Therefore, even if an investor would have invested a month ago, they would have received multibagger returns.
Zenith Steel Pipes & Industries Ltd is a penny stock with a market capitalization of ₹ 123.78 crores. Its promoters hold a measly 15.64% stake in the company and 0.20% of its shares are pledged. Most of the shares, about 84% are held by the public.
It was incorporated in 1960 and is engaged in the manufacturing and selling of SAW and ERW Pipes. The company also manufactures HSAW pipe which is used in the bulk transportation of water.
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