05 March,2024 01:34 PM IST | MUMBAI | BrandMedia
Tirth Plastic Limited (TPL)
Tirth Plastic: From Penny Stock to Market Marvel - Can the Rally Continue?
Tirth Plastic Limited (TPL) has become the talk of the town in the Indian stock market over the past year. The reason? A staggering return of over 16,000%! Yes, you read that right. From a starting price of 30 paise, the stock is currently hovering around Rs. 50. But can this meteoric rise be sustained, or is it just a temporary blip? Let's delve deeper into this fascinating story.
A Whirlwind of Growth:
Imagine investing just Rs. 1 lakh in Tirth Plastic at the beginning of last year. Today, you would be a proud owner of a crore-rupee portfolio. This phenomenal growth has not only made the existing shareholders wealthy, but it has also captured the attention of the entire investment community.
ALSO READ
SRU Steels Limited (BSE: 540914) to Receive a Whopping 120 Crore Order
Charming Rohini Munjal’s debut “Teri Baatein” song will soon hit the dice of
Best Psychics in 2024 for Accurate Readings, Insights, and Guidance
Monopoly GO Hack - 3 Ways To Get Free Dice On Monopoly GO
Xitox Reviews – (Exposed) - Is It Work for Parasites?
Experts' Take on the Future:
Several stock market experts are optimistic about the future of Tirth Plastic. They predict the stock to reach anywhere between Rs. 8,000 and Rs. 10,000 in the next 2-3 years. Some even go as far as saying that the stock could touch Rs. 200-250 within the next 3 months.
Factors Behind the Surge:
Several factors are believed to be contributing to this exceptional growth:
Delisting and Relisting: TPL was delisted from the stock market for several years. It re-listed in April 2023, but due to regulations, the initial price was set at a low 30 paise.
Land Acquisition Through Court Win: In 2017, the company emerged victorious in a significant court case, granting them ownership of approximately 25 acres of land near Bangalore. The current estimated value of this land is a staggering Rs. 3,000 crore.
Market Cap vs. Land Value Discrepancy: Even at its current price of Rs. 50, the company's total market capitalization is only Rs. 22 crore. However, the land alone is valued at Rs. 3,000 crore. This discrepancy suggests potential for further growth based on the underlying asset value.
Debt-Free Company and Future Investments: TPL is currently debt-free, and the promoters are planning to infuse Rs. 1,000 crore through a preferential issue soon, which will increase their stake to 75%.
Disclaimer: The views and opinions expressed in this sponsored article are those of the sponsor/author/agency and do not represent the stand and views of Mid-Day Group.Mid-Day Group disclaims any and all liability to any party, company or product for any direct, indirect, implied, punitive, special, incidental or consequential damages arising directly or indirectly from the use of this content.
