Share of TCPL Packaging Limited is running like a rocket! Reached a record high of 115% in 6 months, gave such strong returns

New Delhi: Money grows very fast in the stock market. However, if the investment is not made in the right stocks, then there is also a risk of loss. There are many such stocks in the stock market which have made investors rich. These stocks have given bumper returns to the investors in a very short span of time. Today we are going to tell you about one such stock. There is a steady rise in this stock. In the last six months, this stock has reached a record high of 115 per cent. It still has momentum.

Shares remain bullish
The stock we are talking about are the shares of TCPL Packaging Limited. Shares of TCPL Packaging Ltd soared over 17 per cent to hit a record high of Rs 1,696 per scrip on the BSE in early trading session on Friday. The stock has been in an upward trend since last few sessions, maintaining bullish momentum. This stock has registered an increase of more than 32 percent in a single month.

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Company registered profit
For the quarter ending September 2022, the company has reported a consolidated net profit of Rs 39.5 crore. This was more than double from Rs 10.6 crore in the year-ago quarter. Meanwhile, its consolidated revenue grew by over 43 per cent to Rs 361.7 crore during the quarter. While the year-on-year (YoY) was Rs 253 crore.

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Know what the company does
TCPL Packaging Limited (TCPL) is a manufacturer of packaging solutions for customers across industries. TCPL produces printed cork-tipping paper, laminates, sleeves and wrap-around labels. The headquarter of the company is in Mumbai. The company has offices in major metro cities of the country. TCPL Packaging shares have given multibagger returns by rallying over 115 per cent in a span of just six months.