Multibagger Stock Return: There is a tremendous rise in the shares of a small cap company in Mumbai. On Monday, the stock hit a new 52-week high of ₹195.45, giving investors around 11% returns in a single day. This share belongs to Jay Corp. Shares of the company closed at Rs 190.50 with a gain of almost 9% today. Let us tell you that the shares of Jai Corp were less than ₹ 2 in 2003. This stock has given a return of 9425% in almost 19 years. That is, the investment of Rs 1 lakh would have increased to Rs 95.22 lakh in this period.
Price increased from ₹ 48 to ₹ 190.50
The stock fell below the ₹48 level just a day before the first lockdown came into force, however now the stock has touched Rs 190.50 in less than 30 months. According to experts, there is a possibility of further growth in Jai Corp. In its technical report, Ventura Securities has set a target price of ₹225 to ₹575 for the stock. Its market cap is ₹3,399.46 crores.
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93% return in three months
Shares of Jai Corp have gained 93 per cent in the last three months. Whereas the shares have gained about 54 percent in one year. The shares were at around Rs 47.65 on Dalal Street as on March 23, 2020. During this, a nationwide lockdown came into force from midnight on 24 March due to the Corona epidemic. The shares have gained 299.79% in less than 30 months since then.
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4 times investors’ money
If the new 52-week high is taken into account, shares of Jay Corp gained a whopping 310.2% on D-Street. This means that in less than 30 months since the first wave of Kovid, shares of Jai Corp have climbed almost 4 times. Investors who put their money in Jay Corp at the end of March 2020 have seen their money quadrupled so far. Let us tell you that the shares of Jai Corp were less than ₹ 2 in 2003.