There is a race to buy a share worth ₹7, the share has increased by 5000%, now the share is getting 52% cheaper.

IEL Limited Stock: Chemical company IEL Limited has given amazing returns to its investors in the long run. The stock has grown 5384 percent in the last 4 years, rising from ₹0.13 in March 2020 to ₹7.13 currently. However, it witnessed a decline in the last one year and this year 2024. The stock has fallen more than 52 percent in the last 1 year and more than 32 percent in 2024 YTD. So far this year, this stock has given negative returns in all 5 months.

stock situation

After a decline of 9.5 percent in April, 10 percent in March, 7.8 percent in February and 4.5 percent in January, it has declined by about 6 percent in May. Due to the recent correction, the stock is now down 66 per cent from its high of ₹20.59 on June 9, 2023. Meanwhile, it is only 5 per cent up from its 52-week low of ₹6.69 dated April 4, 2024. However, this stock has given multibagger returns of more than 566 percent in 3 years, 1196 percent in 5 years and more than 2592 percent in a decade.

what is penny stock

Penny stocks are shares of small companies. They trade at low prices, usually less than Rs 10 per share. These stocks are characterized by their high volatility, low market cap and limited liquidity, making them a high-risk investment option.

march quarter results

IEL Limited has announced a significant change in its quarterly (Q4FY24) and annual (FY24) results. Net sales increased by 781.5 per cent to ₹9.12 crore in Q4FY24 as against ₹1.03 crore in Q4FY23. The company reported a net profit of ₹0.14 crore for Q4FY24, which is a significant improvement from a net loss of ₹0.04 crore in Q4FY23. Year-on-year, IEL Limited witnessed a growth of 55.9 per cent in net sales, reaching ₹17.26 crore in FY2014 from ₹11.07 crore in FY2013. However, annual net profit declined from ₹2.37 crore in FY23 to ₹0.26 crore in FY24. During the last financial year 2023-2024, the company went through a stock split, reducing the face value of equity shares from ₹10 to ₹1 with effect from September 25, 2023.