In April 2020, Comfort Intech’s shares were priced at 22 paise each. Over the past year, the company’s stock price has surged by approximately 271%, indicating significant growth. Similarly, it has delivered a return of 25.12% in the last three months alone, with a notable 11.90% return in a single month. Today, the stock closed at Rs 10.06 on the National Stock Exchange (NSE), marking a substantial increase from its value in April 2020.
Investors often seek out penny stocks like Comfort Intech, as they have the potential to generate substantial returns over the long term. This Indian-based trader and supplier company has notably provided multi-bagger returns of over 3000% in the last four years. For instance, an investment of Rs 5,000 in April 2020 would have grown to Rs 2,50,000 today, solely from this penny stock. Similarly, an investment of Rs 10,000 would now be worth Rs 5 lakh. The company’s current market capitalization stands at Rs 321 crore as of March 15.
Comfort Intech, established in 1994 and formerly known as Comfort Finvest Limited, operates in various sectors including trade goods, liquor manufacturing, share trading, mutual funds, and real estate financing and leasing. Headquartered in Mumbai, India, the company has undergone name changes over the years, obtaining its current name, Comfort Intech Limited (CIL), in 2000.
Despite its impressive growth, Comfort Intech has experienced fluctuations in its stock price. While it is currently trading at a lower value of Rs 10.06, its 52-week high reached Rs 12.28 on February 27, 2024. In the third quarter of the fiscal year 2023-24, the company reported a revenue of Rs 46.03 crore, marking a 25.63% increase compared to the same period in 2022. Additionally, the revenue surged by 71.82% compared to the previous quarter. As of March 2023, the company reported a revenue of Rs 142.4 crore and a profit of Rs 8 crore. Shareholding patterns reveal that 57.46% of shares are held by promoters, while 42.54% are owned by the public.