Ritika
Amid a selling environment in the stock market, the stock of fast-moving consumer goods (FMCG) company Amber Protein Industries Limited fell upper circuit on Friday. This small cap company has given strong returns to the investors in the last one year. This share of Rs 13 a year ago has now crossed the level of Rs 570.
Stock performance: On September 23, 2021, the share price has increased from Rs 13.12 to the current level of Rs 572. This is a multibagger return of 4,260.14%. If we look at the amount, if an investor had invested ₹ 1 lakh in the shares of Amber Protein Industries a year ago, then that amount has now become ₹ 43.60 lakh. The stock price was at ₹22.25 on January 4, 2022. In this context, investors have got a multibagger return of 2,471.01%. If an investor had invested ₹1 lakh in the stock at the beginning of the year, its value would have gone up to ₹25.71 lakh.
Six Months Return: Similarly, the stock has given a multibagger return of 1,829.34% in the last six months. Has increased from ₹29.65 on March 28, 2022 to the current price. An investment of ₹1 lakh made six months ago will now cost ₹19.29 lakh. The stock has given a multibagger return of 178.10% during the last one month. At the same time, it has climbed 21.52% in the last five trading sessions. The stock touched a new 52-week high on Friday.
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Let us inform that Amber Protein Industries Limited sells edible oil. It was established in 1992 in Ahmedabad. The company’s products include Ankur Refined Cottonseed Oil, Ankur Refined Sunflower Oil, Ankur Refined Soybean Oil and Ankur Refined Corn Oil. In the June quarter, the company had net sales of Rs 84.38 crore, total expenses of Rs 82.85 crore.
