Share market: If you would have invested 10 thousand in this company a year ago, you would have got 3 crore 60 lakhs today

Share Market: At this time a company has become a topic of discussion in the stock market. In fact, the shares of this company have shown so much growth in a year which has surprised everyone and discussion has started that what is the secret of record breaking rise in the shares of this company.

Gita Renewable Energy set a record

  • The name of a story of the mysterious boom of the stock market is Gita Renewable Energy. This company is listed on BSE.
  • The shares of this company have gained 3600 percent in the last one year.
  • This means that if someone had invested 10 thousand rupees in this company a year ago, then its value has become 3 crore 60 lakh rupees today.
  • The reason for this increase is the availability of free float of 11 million shares and the increase in turnover by 10600%.
  • The shares of this company have not decreased even a single penny in the last 104 trading sessions.
  • The shares of this company have touched the upper circuit limit in 64 consecutive trading sessions.
  • The result of this boom is that there is a huge demand for the shares of this company. In the last 162 trading sessions, weakness was seen in this stock for only 3 days.

The uptick in the company’s shares became a topic of discussion
Market experts have definitely raised some questions on the growth of this company. However, those who have invested in it have only benefited.

Although no answer has been found for the jump in the shares of this company, but some people are also giving strange arguments. Some people believe that the reason for the boom is the word renewable in its name. Because of this word, investors are considering it as a green energy company and are investing heavily in it. The Indian government is in the mood to bet big on renewable energy and due to this the company’s business can register a boom.

The company has not reported any annual profits for the last 4 years. The net sales of the company have also remained stable. The company has reduced the loss being recorded for the last 10 quarters in the last quarter. The company has reported profit for the first time in the quarter ended March. Some people also believe that investors are betting on the turnaround store of this company.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest money on behalf of anyone here.)

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