Investors always look for penny stocks which can yield them multi-bagger returns in the long run. Among many penny stocks which often post high returns at NSE, Comfort Intech is one of them. This Indian-based trader and supplier company has posted multi-bagger returns of over 3000 per cent in the last four years.
In April 2020, Comfort Intech’s shares were at 22 paise (Rs 0.22). Today, it has closed at Rs 10.06 at NSE. Any investor who would have invested Rs 5,000 in April 2020, would now have a bank statement of Rs 2,50,000 from this penny stock alone. Similarly, the money of those who invested only Rs 10,000 would have become Rs 5 lakh. Today, March 15, the market capitalisation of the company stands at Rs 321 crore.
Comfort Intech company was founded in 1994. It was previously named Comfort Finvest Limited. In 2000, the company changed its name to Comfort Intech Limited (CIL) to obtain a new Certificate of Incorporation. It is a public limited company that deals in trade goods, manufacturing liquor, trading in shares and mutual funds, financing and leasing of immovable properties. The headquarters of the company is located in Mumbai, India.
The company’s stock price rose by about 271 per cent from the last year. Similarly, it has given a return of 25.12 per cent in the last three months. One month saw the returns of 11.90 per cent. Currently trading with a downfall at Rs 10.06, the 52-week high of this stock has been Rs 12.28, which was on February 27, 2024.
In the third quarter of the current FY 2023-24, the company reported a revenue of Rs 46.03 crore which is 25.63 per cent higher if compared to the same period in 2022. This is a 71.82 per cent increase in revenue from the previous three months. As of March 2023, the company reported revenue of Rs 142.4 crore, while profit was Rs 8 crore. If we look at the pattern of shareholders, 57.46 per cent of shares are with the promoters, while 42.54 per cent of shares are held by the public.
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