2024-04-30 22:13:41
New Delhi: Many stocks in the stock market have given tremendous returns in a very short period of time. Those who invested in these shares have become rich. Today we are going to tell you about one such stock. There is a continuous rise in this stock. The stock is running at breakneck speed. This is a share of a small cap company. Investors in this share of the steel company have got a strong return of more than 1600 percent in just one year. However, there are many shares in which investors are facing huge losses. In such a situation, do not invest in the market without knowledge. Before investing in any stock, you must talk to your financial advisor once. If you do not do this, you may have to suffer financial loss. Let us tell you about the stocks that made investors rich in one year.Mukesh Ambani – not Ratan Tata, this company has the highest number of shareholders, has given such bumper returns
Company made profit
This share which is making investors rich belongs to Jai Balaji Industries Ltd. The company has recently presented its fourth quarter and full year results. The company has achieved a net profit of about Rs 879 crore in the financial year ended March 31, registering a growth of 1421 percent. Jai Balaji’s net profit in Q4FY24 stood at Rs 272.98 crore. In the same quarter last year, the company had suffered a loss of about Rs 13 crore. The company’s gross sales have increased by about 7 percent on a quarterly basis.
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investors became rich
If an investor had invested Rs 1 lakh in the shares of this company a year ago, he would have got a return of around Rs 20 lakh today. Those who invested in the company have made bumper profits. A year ago, on April 25, the company’s shares were trading at Rs 53. Whereas on last Friday, shares of Jai Balaji Industries closed at the level of Rs 1,085. There is a continuous rise in the shares. Investors have got returns of more than 3600 percent in this stock in 5 years. This stock has risen by 14 percent in the last one month. Investors are hopeful that the stock may see further rise in the coming time.