“Cinerad Communications (CINC) Surges Over 2,000% in the Last Year, Offers Multibagger Returns to Investors”
Cinerad Communications (CINC), a once penny stock, has defied all odds and delivered extraordinary multibagger returns to its investors in the past year. The stock has skyrocketed over 2,000% in the last 12 months, from ₹2.75 in March 2023 to an impressive ₹59.17 currently. This remarkable growth has not gone unnoticed, as the stock has also seen a multifold increase of 3,133% in the last three years since March 2021.
In the year-to-date performance for 2024, CINC has continued its upward trajectory, surging over 276% and posting positive returns in all four months so far. The stock has shown consistent growth, with a 17% jump in April extending its gains for the sixth consecutive month since November 2023. Between November 2023 and April 2024, the stock has rallied over 900%.
Cinerad Communications Limited, based in Kolkata, India, is involved in the production of advertising and promotional films, documentaries, and feature films. The company also offers digital video editing, computer graphics, and studio services for shooting TV serials and reality shows.
Despite its impressive performance, CINC reported a net loss of ₹1 lakh in the December quarter, an improvement from the previous quarter’s loss of ₹2 lakh. The company did not disclose its revenue for the quarter ended December 2023 or for the same period last year.
According to brokerage firm ICICI Direct, CINC has shown strengths such as rising net cash flow, strong momentum, and profitability. However, the company also faces challenges, including declining returns on capital, shareholder funds, and assets over the past two years.
Investing in penny stocks like Cinerad Communications can be enticing for the potential of high returns, but it comes with significant risks. These stocks often represent small, lesser-known companies with limited information available, making them volatile and illiquid investments. It is advisable for investors to seek advice from a financial advisor before considering such high-risk investments.
Disclaimer: This news story is for educational purposes only and does not constitute investment advice. Readers are encouraged to consult with a financial advisor before making any investment decisions.
