2024-09-11 09:02:42
New Delhi: After many days, today the stock market witnessed a boom. At the same time, there were many stocks that gave tremendous returns to the investors. Among these, one stock gave tremendous profit to the investors in a single day. This stock witnessed a boom of 11 percent today i.e. on Monday. Right now the price of this stock is Rs 855. This company was listed in the stock market about four months ago i.e. on 29 April. Since then, this stock has been giving profit to the investors. In just 4 months, it has given about 210 percent return to the investors. The name of the company to which this share belongs is Balu Forge Industries Ltd.Bajaj Housing Finance IPO: Bajaj’s trust and 73% GMP… should you subscribe?
Good returns given in one month
This stock has given good returns to investors in one month. This return in one month was more than 45 percent. A month ago, the price of one share was Rs 578.80. Now it is Rs 855. In such a situation, it has given about 48 percent return to investors in one month. If you had invested one lakh rupees in it a month ago, you would have made a profit of 48 thousand rupees.
This is how you can make 3 lakh rupees from one lakh
At the time of listing on 29 April, the price of its share was Rs 275.50. Today its price is Rs 855. In such a situation, in these about 4 months, this stock has given about 210 percent return to the investors. If you had bought shares worth Rs 1 lakh of this company at the time of listing, then today the value of your investment would have been Rs 3.10 lakh. In such a situation, you would have made a profit of Rs 2.10 lakh in these 4 months.
What does the company do and what is its revenue?
This company manufactures crankshafts and forged components. Its market cap is Rs 8.97 thousand crores. The company’s revenue has increased in the first quarter of the current financial year. In the last quarter (January-March) of the financial year 2023-24, the company’s revenue was Rs 112.55 crore. At the same time, in the first quarter (April-June) of the current financial year 2024-25, it increased to around Rs 123 crore. At the same time, the net profit of the company has also increased. In the first quarter of the current financial year, this profit was around Rs 24 crore. At the same time, in the last quarter of the last financial year, the net profit was Rs 20.72 crore.