{"id":6064,"date":"2021-12-15T16:14:20","date_gmt":"2021-12-15T10:44:20","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6064"},"modified":"2021-12-15T16:14:21","modified_gmt":"2021-12-15T10:44:21","slug":"multibagger-penny-stock-flomic-global-logistics","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/","title":{"rendered":"Rs. 1 Lakh Invested in This Multibagger Penny Stock Would Become Rs. 5.67 Cr. In 3 Yrs"},"content":{"rendered":"\n<p>Had you invested Rs. 1 lakh in <a href=\"https:\/\/www.tickertape.in\/stocks\/vinaditya-trading-company-ZVI?&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Flomic Global Logistics<\/a> <a href=\"https:\/\/www.tickertape.in\/stocks\/collections\/shares-below-rs-10\">penny<\/a> stock 3 yrs ago, your investment would grow to Rs. 5.67 cr. now. Flomic Global Logistics has grown from Rs. 0.35 per share to Rs. 198.45 apiece, zooming to ~567 times in around 3 yrs!<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/#Share-price-history\" title=\"Share price history\">Share price history<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/#About-Flomic-Global-Logistics\" title=\"About Flomic Global Logistics\">About Flomic Global Logistics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/#Shareholding-pattern\" title=\"Shareholding pattern\">Shareholding pattern<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/#Financials-had-no-bearing-on-the-price\" title=\"Financials had no bearing on the price\">Financials had no bearing on the price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/multibagger-penny-stock-flomic-global-logistics\/#Comment-on-the-broader-market\" title=\"Comment on the broader market\">Comment on the broader market<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Share-price-history\"><\/span><strong>Share price history<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A closer look at the last six months shows that the stock has surged from Rs. 10.37 to Rs. 197.80, growing ~1,800%. Further, it gave returns of a whopping 10,050% in the year-to-date time, ascending from Rs. 1.95 apiece to Rs. 197.80 levels. The <a href=\"https:\/\/www.tickertape.in\/blog\/a-multibagger-stock-that-has-further-upside-potential\/\">multibagger<\/a> Flomic Global Logistics hit a 52-week high of Rs. 216 on 28 October 2021 and a 52-week low of Rs. 1.53 on 8 December 2020.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About-Flomic-Global-Logistics\"><\/span><strong>About Flomic Global Logistics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A logistic company, Flomic Global Logistics Limited, serves customers across the globe. They offer varied services, including warehousing, freight forwarding, distribution, cargo, customs broking, consolidation, and multimodal transportation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shareholding-pattern\"><\/span><strong>Shareholding pattern<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the end of the September quarter, two promoters held a 27.49% stake in the company, whereas public <a href=\"https:\/\/www.tickertape.in\/blog\/2021-guide-on-shareholding-pattern-definition-meaning-analysis\/?utm_source=blog&amp;utm_medium=article\">shareholders<\/a> had a stake of 72.51%. 52.50 lakh shares of Flomic Global Logistics were held by 536 public <a href=\"https:\/\/www.tickertape.in\/blog\/shareholders\/\">shareholders<\/a>. Foreign portfolio investors (<a href=\"https:\/\/www.tickertape.in\/blog\/foreign-portfolio-investment\/?utm_source=blog&amp;utm_medium=article\">FPI<\/a>s) had no stake in the company during the Q2 of the current fiscal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financials-had-no-bearing-on-the-price\"><\/span><strong>Financials had no bearing on the price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>But the monumental rise in the share price was not due to the company&#8217;s financial performance. In the September quarter, Flomic Global Logistics declared a 17.65% decline in net profit. However, the operating profit grew 45% y-o-y to Rs. 4.99 cr. and sales zoomed 100% y-o-y to Rs. 80.44 cr. <a href=\"https:\/\/www.tickertape.in\/blog\/earnings-per-share\/?utm_source=blog&amp;utm_medium=article\">Earnings per share (EPS)<\/a>, on the other hand, fell to Rs. 0.39 in the quarter under review from Rs. 0.47 during the same quarter previous year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comment-on-the-broader-market\"><\/span><strong>Comment on the broader market<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Says Ankur Saraswat, Research Analyst at Trustline Securities, that, \u201cAmid these volatile times, there are some hidden gems in the market that are poised to outperform with their strong balance sheet, leadership position and are almost debt-free. Empirically, they have managed to provide decent returns in the past and will continue to enhance shareholders&#8217; wealth going ahead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Flomic Global Logistics has grown from Rs. 0.35 per share to Rs. 198.45 apiece, zooming to ~567 times in around 3 yrs! Read more about the stock here.<\/p>\n","protected":false},"author":27,"featured_media":6066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[1082,283,169,15],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/12\/08.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6064"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6064"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6064\/revisions"}],"predecessor-version":[{"id":6068,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6064\/revisions\/6068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6066"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}