2024-09-09 14:12:10
New Delhi: On Friday, the stock market witnessed a huge decline. While the Sensex fell by 1017.23 points, the Nifty also plunged by 292.95 points. Due to this chaos in the stock market in one day, investors lost more than 5 lakh crore rupees. This is the biggest decline in the stock market in the last 3 days. On the other hand, the effect of this decline was not visible on some stocks. There were some stocks that filled the pockets of investors in a single day. They gave a return of about 20 percent in a single day.
5 lakh crores wiped out… Sensex fell by more than 1,200 points, know where the bad news came from
Made a huge profit in one go
Texel Industries’ stock made investors happy on Friday. The fall in the market did not affect this stock at all. On Friday, it hit an upper circuit of 20 percent. With this rise, the price of this stock reached Rs 56.16. A day before, on Thursday, it closed at Rs 46.80. In this way, it gave a profit of Rs 9.36 per share to the investors in a single day.
More than 50 percent return in 3 months
This stock has given good returns to investors in three months. Three months ago, the price of its shares was around Rs 36. In such a situation, it has given a return of about 53 percent in these three months. If you had bought shares worth Rs 1 lakh of this company three months ago, their price would have been Rs 1.53 lakh today. In such a situation, you would have made a profit of Rs 53 thousand.
What does the company do?
The market cap of this company is Rs 46.84 crore. The company had a revenue of Rs 23.81 crore in the March 2024 quarter. However, the company also suffered a loss of Rs 2 crore. This company manufactures geosynthetic textile products. These include tarpaulin, geomembrane, vermibed, geotank, geotube, waterproof membrane etc. These products of the company are used in agriculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, transportation and waste management etc.
These companies also made a big leap
On Friday, shares of many other companies also saw a huge jump. Among them, shares of Beryl Drugs Ltd rose by 19.71 percent. With this rise, the price of its shares reached Rs 38.57. At the same time, shares of Rama Steel Tubes Ltd also saw a huge rise on Friday. The shares of this company also jumped by about 20 percent. With this rise, the price of its shares reached Rs 16.64.
Disclaimer: The suggestions given in this analysis are those of individual analysts or broking companies, not of NBT. We advise investors to consult certified experts before making any investment decision. As stock market conditions can change rapidly.