The stock of Gem Spinners India, a microcap company of trading industries, is witnessing a steady rise. The company’s stock hit an upper circuit of 2% on Tuesday and the stock reached an intraday high of Rs 9.67. This is its 52-week high price. In the last 17 days, this stock has seen a rise of 105%. It has performed much better than the Sensex in the last year, which shows its strong performance and growth potential.
Gem Spinners India’s stock is consistently giving a profit
Last year, the company’s stock has seen a rise of 155%, while the Sensex has seen an increase of only 22.33%. In five days, the stock rose 10% and in a month it rose 105%. In six months, the company’s stock rose 200%. During this period, its price increased from Rs 3.30 to the current price. So far this year, the stock has climbed up to 55 percent. The company’s stock has gained more than 300% in five years.
Company’s Business
Gem Spinners India Limited is a public limited listed company. Gem Spinners India Limited is a listed company incorporated on October 18, 1990. Its registered office is in the state of Tamil Nadu, India. It has a market cap of Rs 59.35 crore. The company’s stock has a 52-week high price of Rs 59.35 and a 52-week low price of Rs 3.27.
