Only buyers in this multibagger penny stock, which surged over 200 per cent in just one month!
The stock has skyrocketed more than 1,400 per cent in less than 5 months!
Over the past month, Indian domestic indices have repeatedly experienced weak market sessions, resulting in declines of nearly 4 per cent in the BSE Sensex and Nifty 50. The software-products company Virgo Global attracted investors with its uninterrupted upward trend.
Shares soared more than 200 per cent in just one month thanks to back-to-back upper circuits, tripling investors' wealth! The stock has skyrocketed more than 1,400 per cent in less than 5 months, implying that a Rs 1 lakh investment made in this stock 5 months ago is now worth more than Rs 15 lakh!
On an intraday basis on Friday, shares of Virgo Global surged and locked in a 5 per cent upper circuit on the BSE, trading at a new 52-week high of Rs 10.12.
Taking into account the company's quarterly performance, it reported an outstanding growth of 3,167.5 per cent from Rs 0.24 crore registered in Q2FY22, recording total revenue of Rs 7.84 crore in Q2FY23. In terms of annual performance, the company's net profit surged 368.42 per cent over the period of the year that ended in March 2021 and net sales climbed 18.13 per cent as well. Compared to its competitors, the stock has the lowest PE and a relatively high RoE and RoCE.
Virgo Global manufactures, trades and maintains computer hardware & software, computer systems and assembles data processors and programme designs.
Keep a close eye on this scrip for the upcoming sessions.