Rs 1 lakh investment now worth Rs 8 lakh: Check this LIC-backed penny stock

ATV Projects India, a penny stock supported by the Life Insurance Corporation of India (LIC), has turned into a multibagger investment for its long-term shareholders. This small-cap stock, once priced around Rs 4, has soared to Rs 32.50 per share in the past five years, translating into a return of over 700% for investors who held their position.
ATV Projects India has shown remarkable growth over recent years, making it one of the standout multibagger stocks in the Indian market. Since the start of 2024, the stock has risen by over 110%, moving from Rs 15.25 to Rs 32.50 per share.
While the stock has recently seen a 10% drop over the past month due to market fluctuations, it has experienced a steady rise in the last six months, climbing around 35% from Rs 23.90 per share.
In the past year, ATV Projects India’s share price has increased from Rs 14.60 to Rs 32.50, delivering nearly a 125% return. When looking at a five-year period, the growth is even more impressive, with the share price rising from Rs 4 to Rs 32.50 per share.
Based on the recent share price performance, here’s a breakdown of how a Rs 1 lakh investment in ATV Projects India would have grown over different time frames:
LIC holds a considerable stake in ATV Projects India. According to the company’s shareholding data for the July to September 2024 quarter, LIC owns 9,95,241 shares, which amounts to 1.87% of the company’s total paid-up capital.
LIC’s involvement as a stakeholder adds credibility to the stock, as LIC’s investments are often closely watched by retail and institutional investors.
ATV Projects India is listed exclusively on the Bombay Stock Exchange (BSE), where it trades with relatively low volume. On Thursday, it closed with a market capitalisation of Rs 172 crore, and the trading volume was recorded at 21,636 shares. This lower trading volume makes ATV Projects India a low-float stock, which means that even minor shifts in trading demand can lead to notable price changes.
Currently, ATV Projects India’s 52-week high stands at Rs 41.50 per share, while its 52-week low is Rs 13.63.