During the Corona period, the stock market has performed well, recovering more than 90 percent. During this time, the number of retail investors in the market has also increased significantly. Retail investors are looking for such stocks where you get better and safer returns, at least in investment. In this article, you are going to tell about a stock that has given more than 400 percent return in Corona Time.
Indian Warren Buffet Rakesh Jhunjhunwala has also invested in this stock. The name of this share is Prakash Pipes. Its share price on the NSE on 26 March 2020 was Rs 21.40, which is a 52-week low. The closing price of its stock this week is Rs 119.35. Its stock reached a level of Rs 141 on 16 March, the highest level in 52 weeks. This stock has given a return of 26 per cent in the last three months. In the last one year, the company’s stock has risen by more than 440 per cent (this week’s closing price).
10 thousand became 55 thousand
If someone had invested 10 thousand rupees in the shares of this company on 26 March last year, then its value would have been close to 55 thousand rupees. Rakesh Jhunjhunwala owns 3 lakh 12 thousand 500 shares of this company. His total stake in the company is 1.53 per cent. He has a share of the company since June 2019.
company performance
The company’s net profit had increased by 23.83 per cent in the December quarter and totaled Rs 9.20 crore. The company had a net profit of Rs 7.43 crore in December 2019. Sales jumped by 36.56 per cent in the December quarter to Rs 127.27 crore. Sales of the company stood at Rs 93.20 crore in the December quarter of 2019.
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