Fidelity, the World’s Largest Fund House invested in this company; Stock with multibagger return of 5,700 per cent hits 52-week high back-to-back!
Shares of the company have generated 560 per cent return in the last three years
KPR Mill Limited has announced in its latest exchange filing that the world's largest fund house, Fidelity, a US-based FII, has invested in the company. Fidelity, being the largest fund house globally, acquired a 1 per cent stake in the company according to the latest announcement by KPR Mill.
The stock of the company opened the day at Rs 737, reflecting a 1 per cent increase from the previous day's closing price of Rs 731.20 on the BSE. Throughout the intraday session, the stock reached highs and lows of Rs 745 and Rs 715.95, respectively. Ultimately, the trading day concluded with the stock priced at Rs 718.40 on the BSE.
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The stock has achieved consecutive 52-week highs for the past three days. Presently, the company holds a market capitalization of Rs 24,555 crore.
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Furthermore, the stock has delivered an impressive return of 24 per cent over the last three months. Looking at the longer-term perspective, the stock's return has the potential to astonish investors, having generated a remarkable 5700 per cent return over the span of a decade.
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KPR Mill Limited operates as a vertically integrated apparel manufacturing company. The company is involved in the manufacturing and sale of yarn, knitted fabric, ready-made garments, and wind power. Its business segments encompass Textile, Sugar, and Others. The product lineup includes yarn, fabric, garments, and sugar. Yarn varieties range from compact yarn, combed yarn, and carded yarn to melange yarn, polyester cotton, viscose yarn, and Grindel yarn. The company also specializes in unique yarns like color melange, slub yarn, injection slub, and more. Subsidiaries under its umbrella include Quantum Knits Pvt. Limited and K.P.R. Sugar Mill Limited.
Disclaimer: This article is for informational purposes only and not investment advice.