2024-09-27 23:45:30
New Delhi: The stock market is currently at its highest peak. Many shares in this are giving tremendous returns to investors. Among these, there are many stocks which have doubled or tripled the investment in a very short time. Many stocks are still making waves. Among these, some penny stocks are also providing huge benefits to the investors. These are penny stocks whose price is less than Rs 5. One such penny stock is continuously giving profits to investors. This stock has also multiplied the investment in a very short time.
The name of the penny stock we are talking about is ARC Finance Ltd. The current price of this share is Rs 3.06. This stock has been experiencing an upper circuit of 5 percent continuously in the last several days. Today i.e. on Thursday also it increased by 4.79 percent. This increase occurred in the first two hours only. This small share has showered money on investors.
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More than 100 percent return in one month
This stock has more than doubled the investors’ money in just one month. Its return in one month was about 122 percent. A month ago the price of this share was Rs 1.38. If you had invested Rs 1 lakh in it a month ago, that amount would have become Rs 2.22 lakh today. That means, within a month you would have made a profit of Rs 1.22 lakh on an investment of Rs 1 lakh.
Money more than tripled in 6 months
The investment in this stock has more than tripled in 6 months. That means it has given returns of more than 250 percent. Six months ago its share price was only 87 paise. In these 6 months it has given returns of about 252 percent. If someone had invested Rs 1 lakh in it 6 months ago, that amount would have become Rs 3.52 lakh today. That means the investor would have made a profit of Rs 2.52 lakh.
What is the all time high?
At present this stock is at its 52 week high. Its all time high was around Rs 6. This all-time high was reached in February 2022. After this its price declined. However, since the beginning of last month, it has been gaining momentum again, which is still continuing.
What does the company do?
This company is associated with the field of non-banking finance. It provides facilities like loan, investment, trading etc. The market cap of the company is Rs 154.51 crore. The company’s revenue for the quarter ending March 2024 was Rs 7.82 crore and profit was Rs 7 crore. Whereas in December 23, the revenue was only Rs 55 lakh and the company suffered a loss of Rs 9 crore.
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.