New Delhi: The stock market has been fluctuating for some time now. The market had closed with a decline on Friday also. Simultaneously occurring, there are some shares which are not being affected by the market decline. They are giving indiscriminate returns to investors. These mainly include penny stocks. There are many penny stocks in which upper circuits are being seen daily. Even if the market is falling, one such penny stock is giving tremendous returns to the investors. Its name is East India Drums and Barrels Manufacturing Ltd. The price of this share is Rs 8.86 which is less than Rs 10. Upper circuit is being installed in it for the last several days. Even when the market closed with a decline on Friday, an upper circuit of 5 percent was seen in it.
LG is bringing the contry’s fourth largest IPO, applied with SEBI, know when it will open.
Money doubles in two months
Two months ago the share price of this company was Rs 4.31. Now it is rs 8.86. In such a situation, it has doubled the investment amount in just two months. That is, one lakh has been converted into two lakhs and two lakhs into four lakhs.
If we talk about 6 months, then in this period it has given strong returns to the investors. 6 months ago the share price was Rs 3.40. in such a situation,this stock has given about 160 percent return to the investors in these 6 months.
More than 400% returns in one year
This stock has given more than 400 percent returns to investors in one year. A year ago its share price was Rs 1.58. Now it is Rs 8.86. In such a situation, this stock has given a return of 460 percent to investors in one year.
If you had bought shares of this company worth Rs 1 lakh a year ago, their value today would have been Rs 5.60 lakh. That means you would have made a profit of Rs 4.60 lakh in a year.
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This is how to make 40 lakh rupees from one lakh rupees
This has converted Rs 1 lakh of investors into Rs 40 lakh. Five years ago the price of one share was only 22 paise. In such a situation, it has given 3927 percent return to investors in these 5 years.
if you had invested Rs 1 lakh in it 5 years ago, the value of that Rs 1 lakh today would have been Rs 40.27 lakh. That means you would have made a profit of Rs 39 lakh on Rs 1 lakh in just 5 years.
What does the company do?
This company makes many types of large drums. Such drums are used in oil or other industries. The company claims that it produces more than 23 lakh drums every year. According to the official website of BSE, the market cap of this company is Rs 13.09 crore. The company’s revenue and profit have increased in the September quarter as compared to the June quarter.
Disclaimer: The recommendations given in this analysis are those of individual analysts or broking companies and not of NBT. We advise investors to consult certified experts before taking any investment decision. Because stock market conditions can change rapidly.