2 rupee stock created a buying FRENZY..... it gave 50% return in just one month and today it hit the upper circuit.

News Topical, Digital Desk : Huge overnight profits in the stock market are what penny stocks can surprise investors with. Such a stock is Ontic Finserv Ltd. Investors are running to buy this stock which is trading below ₹2. The stock surged a whopping 4.52% during Monday’s trading session to end at ₹1.85 and hit the upper circuit.

the stock returned huge

This stock has been on a rocketing rise for some time now. It has provided its investors with an impressive 51.64% returns in just one month. Over the past year, its long-term performance has resulted in 146.67% profit. This stock has gained tremendously 340.48% in the last 5 years. The company’s current market capitalisation is only Rs 16.6 crore. The stock has touched 52 week high of ₹3.03 and low of ₹0.64.

What does the company do 

Established in 1995 and formerly known as Maral Finance Limited. The major business of Ontic Finserv is investment and finance services. The company intends to foray into securities trading, leasing, financing, bill discounting, loan syndication and corporate advisory services in the future.

However, investors should note that the company has zero core operating income. Its total revenue is derived from other income. Interest income accounts for about 88 percent of the other income and the remaining 12 percent comes from various sources.