Back-to-back upper circuit stock: This multibagger is trading at fresh all time high, up by 39 per cent in just one month

The bears are on the front foot for the past few days.

The bears are on the front foot for the past few days. However, bulls are also present in a few stocks that have given investors a healthy return despite the sell-off. One such stock is Sunedison Infrastructure.  

The data shows that this company rallied nearly 40 per cent in the last five trading sessions when the benchmark equity index BSE Sensex slipped by almost a per cent.  

With a rally of 8,467 per cent, Sunedison Infrastructure emerged as the top gainer in the list. The shares of Sunedison Infrastructure have rocketed by 870.05 per cent in a period of only one year. The shares of the company jumped to Rs 498.60 on September 23, 2022, from Rs 5.82 as of March 20, 2019. The promoter holding stands at 75 per cent as of June quarter, which shows that the promoters are very confident in the company.   

The net sales have been the highest in the June quarter, recording a net sale of Rs 32.20 crore, up by 27.12 per cent from the last quarter. Furthermore, the operating profit has been the highest at 18.91 per cent in the last quarter.  

As the domestic equities market has demonstrated a co-relation of 90 per cent with the US markets over the past year, there are forecasts that the market will remain range-bound in the short term. This is primarily due to weaker global cues. Before it comes to a conclusion in a more specific direction, volatility is likely to linger for a little longer.