Penny stock Gopala Polyplast surged over 17,000 percent in just 1 year. Let’s look at the reasons behind the meteoric rise.

From its 52-week low of ₹4.5, this stock surged to ₹772 in just 1 year

Shares of consumer electronics company BPL were locked at the upper circuit limit for the 22nd straight trading session, up 5 per cent at Rs 108.75 on Tuesday, having rallied 203% in one month.

BPL, Gopala Polyplast, Continental Chem & 25 others zoom 150% in a month

Gopala Polyplast reports standalone net loss of Rs 1.88 crore in the June 2021 quarter

Gopala Polyplast reports standalone net profit of Rs 17.14 crore in the March 2021 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

HCP Plastene Bulkpack Ltd manufactures plastic packaging products, including flexible bulk containers and multi-layer films, serving various industries.