A penny stock (cheap stock by price) has performed well. This stock has done the job of giving excellent returns to the investors. This share belongs to RatanIndia Enterprises. The company’s shares were at a level of Rs 4.95 on 1 April 2021. At the same time, on 11 October 2021, the company’s shares were trading at a level of Rs 46.60 on the Bombay Stock Exchange. Whereas, the shares of the company were at a level of Rs 46.25 on the National Stock Exchange (NSE).
More than 950 percent return in 6 months In the
last six and a half months, the company’s shares have given a return of more than 950 percent to investors. The Sensex has gained 19.57 per cent during this period. If an investor had invested Rs 1 lakh in the stock of RatanIndia Enterprises on April 1, 2021, that money would have been more than Rs 9.5 lakh as on date. That is, the investor would have earned more than Rs 8.5 lakh on his investment.
52-week high
of the stock is Rs 70.65 RatanIndia Enterprises stock’s 52-week high is Rs 70.65. At the same time, the 52-week low level of this stock is Rs 4.48. Four promoters held 74.75 per cent stake in the quarter ended June 30, 2021. At the same time, the public shareholding in the company stood at 25.25 percent. However, the financial performance of the company has not been in line with the rise in the stock. The company’s sales in the first quarter of the current financial year stood at Rs 1 crore, which was zero in the same period earlier. The important thing for investors is that penny stocks are attractive according to prices, but they carry high risk, so one should invest money in these stocks only after doing good research.
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