OK Play India Ltd: The market started with a negative outlook on Thursday. On Wednesday, however, markets ended at a flat or the negative mark.
But, the impact of the constant market fluctuations has not been evident in the case of certain stocks.
One penny stock that is priced at less than Rs 20 has been reaching the upper end of the circuit over the past 3 days.
In just one month, it has earned a profit greater than 45 percent. A volume of 42,36,028 was recorded within this particular stock.
Upper Circuit For The Third Consecutive Day
Investors have been actively buying shares of OK Play India Ltd, an Indian microcap firm that produces furniture and toys for children.
However, over the last 3 months and for the past month, the stock has been constantly stopped in the upper part at 5 percent.
The company recently announced the conclusion of its expansion. Since then, the company has continued to grow.
In the same way Thursday, the share in OK Play India closed at the price of 18.38 rupees. On Wednesday, they traded at Rs 17.51.
More Than 45 Percent Jump In A Month
The share in OK Play India Ltd has delivered more than 45 percent of its profits for its investors in June, and during the last six months, it’s registered an increase of nearly 8 percent.
Additionally, it has earned the investors a profit of over 25 percent over the year. In terms of long-term performance, it has earned an average return of 1000 percent over five years.
The Company Announced The Completion Of The Expansion
It was reported that the company disclosed in the exchange filing that it had completed its expansion plan by incorporating blow and molding equipment, along with balancers, molds, and equipment.
In its manufacturing facility in Haryana. The company also said the expansion will enhance the manufacturing of play equipment as well as child furniture by up to 300 percent.
Quick Fact
| Company name | OK Play India |
|---|---|
| Business Type | Microcap |
| Industry | Furniture and toys for children |
| Current stock price | ₹18.38 |
| Last stock price | ₹17.51 (Wednesday) |
| Monthly profit | More than 45% |
| Six-month gain | Nearly 8% |
| Yearly profit | Over 25% |
| 5-year return | 1000% |
| Recent milestone | Completed expansion plan |
| Expansion impact | Manufacturing capacity up to 300% |
| Location | Haryana (Manufacturing facility) |
| Key equipment added | Blow molding, balancers, molds |
| Trading volume | 42,36,028 |
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