{"id":80136,"date":"2022-12-29T12:50:00","date_gmt":"2022-12-29T07:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80136"},"modified":"2022-12-29T12:47:19","modified_gmt":"2022-12-29T07:17:19","slug":"multibagger-penny-stock-hits-upper-circuit-as-it-plans-to-enter-renewable-energy-segment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-penny-stock-hits-upper-circuit-as-it-plans-to-enter-renewable-energy-segment\/","title":{"rendered":"Multibagger Penny stock hits upper circuit as it plans to enter Renewable Energy Segment"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2452317442\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540936\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Gautam Gems Ltd<\/a><\/strong> surged 4.97% on Thursday\u2019s early trades. They got locked at an upper circuit at 20.50 apiece. In fact, they hit the upper circuit for three days in a row. 5,45,651 shares worth \u20b9 1.12 crore changed hands on Thursday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1687580193\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Gautam Gems is a Surat Based company and is an importer, exporter, and manufacturer of rough and polished diamonds. It is a penny stock with a market capitalization of \u20b9 117 crores.&nbsp;<\/p><p>The company informed the Bombay Stock Exchange (BSE) that it intends to add a new segment of business in the renewable energy sector, consisting of windmills and solar energy, considering the present and future prospects of the renewable energy segment. A meeting for this purpose will be held on December 30, 2022.&nbsp;<\/p><p>Gautam Gems has given multibagger returns of 119.72 in the past six months, as its share price increased from \u20b9 9.33 apiece to \u20b9 20.50. Therefore, if an investor would have invested \u20b9 1 lakh in the company&#8217;s shares six months ago, the value of their holdings would have been \u20b9 2.19 lakh today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1717617217\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company has a low return on equity of 3.69% and an ideal debt-to-equity ratio of 0.72. Its shares were trading at a price-to-equity ratio (P\/E) of 24.62, which is significantly lower than the industry P\/E of 65.39, indicating that it is undervalued as compared to its peers. Its promoters hold a 21.41% stake in it, while retail investors hold 78.59%.&nbsp;<\/p><p>On 26 December 2022, micro ace investor Aiyub Mohamed Yacoobali bought 79,695 shares of the penny stock at an average price of \u20b917.90 for one share, in a bulk deal. In addition, he bought 111258 shares on December 23, 2022.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1486812867\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Gautam Gems Ltd surged 4.97% on Thursday\u2019s early trades. They got locked at an upper circuit at 20.50 apiece. In fact, they hit the upper circuit for three days in a row. 5,45,651 shares worth \u20b9 1.12 crore changed hands on Thursday.\u00a0 Gautam Gems is a Surat Based company and is an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[175,1246,3238,2660,3913,3912,2843,2659,93,90,948,936,3153,3157,3158,2597,2599,4787],"class_list":["post-80136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-green-energy","tag-green-energy-stocks-india","tag-multi-bagger-stocks-india","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks-india","tag-multibaggers","tag-renewable-energy-companies-in-india","tag-renewable-energy-sector","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch","tag-stocks-to-watch-in-2022","tag-upper-circuit-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger Penny stock hits upper circuit as it plans to enter Renewable Energy Segment - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=80136\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger Penny stock hits upper circuit as it plans to enter Renewable Energy Segment\" \/>\n<meta property=\"og:description\" content=\"The shares of Gautam Gems Ltd surged 4.97% on Thursday\u2019s early trades. They got locked at an upper circuit at 20.50 apiece. 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