Investors fell in love with shares worth less than Rs 2

Penny Stocks: Due to heavy profit booking in the Indian stock market on the first day of the week, the market fell into hell. On the other hand, SEBI Chairperson has cautioned investors and termed the rise in mid-cap and small-cap stocks as a bubble. However, amidst the ongoing market turmoil, a small stock There is also someone who is making money by filling the pockets of investors. GTL Infrastructure (GTL Infrastructure Share Price) is priced at Rs 1.75. But, in the last one year, the stock has given a tremendous return of about 118.75 percent to the investors. A year ago, on March 13, the company’s stock price was only 80 paise. Which has been continuously increasing since the beginning of September last year. However, there has been a slight brake on the stock’s momentum in March.

Read Also: This government company got a shock order of Rs 9,500 crore from NTPC, gave a return of 279% to the investors.

37 percent profit given in 2024

GTL Infrastructure stock has given a tremendous return of 37 percent to investors in about two and a half months of the year 2024. At the same time, investors have got 66.67 percent return in the last six months and 29.63 percent return in YTD. About five PSUs of the country have also invested in this company. This includes Life Insurance Corporation of India, Bank of Baroda, Canara Bank, Central Bank of India and Union Bank. As of December quarter, LIC held 42,61,77,058 shares or 3.33 per cent stake in the company. Whereas, Bank of Baroda holds 5.68 percent of the paid-up capital i.e. 72,79,74,981 shares. The bank has invested in it for a long time. At the same time, Canara Bank has 4.05 percent stake i.e. 51,91,15,428 shares in the company. This investment in the company has been equal for the last two quarters.

What is the stake of these other PSUs?

Central Bank of India and Union Bank have also maintained their stake in the company for the last two quarters. Till December quarter, Central Bank of India had 7.36 percent stake in the company i.e. 94,21,54,365 shares. Whereas, Union Bank of India holds 12.07 percent stake. The bank has purchased 1,54,62,71,529 shares of the company.

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